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Old 03-03-2014, 16:05   #1
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Florida Taxes

Just to make sure I understand correctly. If I buy a boat in Florida and intend to keep it in Florida, I will owe about 6% sales tax depending on the county. Since the boat will be USCG documented, I will not owe anything else, correct? So, if I buy a $100,000 boat, I will pay the state of FL $6,000 and be done with it? Will I owe them anything else on a yearly basis?
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Old 03-03-2014, 16:13   #2
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Re: Florida Taxes

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Just to make sure I understand correctly. If I buy a boat in Florida and intend to keep it in Florida, I will owe about 6% sales tax depending on the county. Since the boat will be USCG documented, I will not owe anything else, correct? So, if I buy a $100,000 boat, I will pay the state of FL $6,000 and be done with it? Will I owe them anything else on a yearly basis?
Have to register the boat on a yearly basis, like getting registration for your car. You get a sticker you have to put on the boat, like the sticker you put on the tag of your car. Not a big deal cost wise. If your boat is really old the cost is trivial.
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Old 03-03-2014, 16:15   #3
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Re: Florida Taxes

Even with USCG documented boat, you'll still pay any sales tax. You'll also need to show proof of taxes being paid in order to register with the state. You'll have to check on the state requirements for any annual payments, but from what I can tell, there may be an annual use tax, property tax, or similar.
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Old 03-03-2014, 16:15   #4
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Re: Florida Taxes

15 year old boat.
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Old 03-03-2014, 16:30   #5
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Re: Florida Taxes

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15 year old boat.
Think the boat has to be 20 years old for price break, other wise

Registration fees vary by the length of the vessel, as follows:
  • Class A-1 (vessels less than 12' and all motorized canoes): $12.25
  • Class A-2 (12 feet to less than 16 feet): $23
  • Class 1 (16 feet to less than 26): $35.50
  • Class 2 (26 feet to less than 40 feet): $85
  • Class 3 (40 feet to less than 65 feet): $134.50
  • Class 4 (65 feet to less than 110 feet): $159.50
  • Class 5 (110 feet or longer): $196.50
Please note that some counties may tack on additional fees.
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Old 03-03-2014, 16:43   #6
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Re: Florida Taxes

Ok, so for a 35 foot boat of 100K, I would pay $6,000 tax up front and about $85.00 per year, depending on the county. Correct?

Thanks for the info.
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Old 03-03-2014, 16:43   #7
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Re: Florida Taxes

Depending on which county you register in you may have to pay another .25% bringing the possible total to 6.25%.
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Old 03-03-2014, 16:45   #8
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Re: Florida Taxes

Port St Lucie
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Old 03-03-2014, 17:59   #9
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Re: Florida Taxes

There is tax evasion and there is tax avoidance . I paid full sales tax on the first boat only . The other six I paid none or greatly reduced .
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Old 03-03-2014, 18:26   #10
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Re: Florida Taxes

Please don't morph this thread into a "how to avoid paying taxes in florida" thread. I'm going to be locating my boat in Florida and simply want to know what my taxes will be.
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Old 06-03-2014, 13:10   #11
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Re: Florida Taxes

Florida requires boat owners to register their boats (and display the sticker). This includes boats that are USCG documented. You can register for one or two years.
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Old 06-03-2014, 14:10   #12
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Re: Florida Taxes

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Please don't morph this thread into a "how to avoid paying taxes in florida" thread. I'm going to be locating my boat in Florida and simply want to know what my taxes will be.
Seriously! Why is it that any time any one asks about State 'X' and taxes everyone assumes its because they want to commit a tax crime.

I have much of the same questions about Florida and not because I want to commit a tax crime... its so that I can follow the law to the letter, pay no more than is absolutely necessary, and be sure that I am in compliance with all local, state, and federal laws.
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Old 06-03-2014, 14:34   #13
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Re: Florida Taxes

Tax avoidance is not a crime !! There are ways to legally lessen your tax bill in Fl. on titled property !
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Old 06-03-2014, 20:25   #14
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Re: Florida Taxes

I do not assume that everyone wants to commit a tax crime , I assume that you might like to pay less sales tax . There are over 1,300 exemptions to Florida sales tax . Personal property between individuals is exempt .
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Old 06-03-2014, 20:57   #15
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Re: Florida Taxes

My experience.

I am a Kentucky resident. I had a boat that I paid Kentucky sales tax on, Kentucky personal property tax was about $600/year.

We transferred the title to Florida (we have a house there and keep the vessel there). IIRC it cost about $60 to do the transfer (no sales tax since we had already paid sales tax on the boat). Florida has no property tax on boats, so we only pay the annual registration fees on the boat, ~ $40 / year.

Don't confuse sales tax, that you have to pay one time when you purchase the boat with property tax that you pay every year. In my case I did not save anything on sales tax, but I save about $500/year in property tax by registering the boat in Florida.

Also, you must register the boat in the area where it is docked (stored) and used. If you register the boat in Florida to save on taxes but keep the vessel in Kentucky, you'll have to pay the taxes plus a hefty fine when you are caught (and yes, the man does look for out of state registration)
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