Many of us get charged a property tax for keeping the boat in whatever country we're in. The county where our boat is at the moment not only taxes
you on the value of the boat but adds what you paid or what they think you should have paid into the equation. Here's an example:
Assume 1% tax rate:
Value of boat $100,000
Most counties would tax $1000 per year.
County we're in takes value of boat and plugs in 8% additional for sales tax and taxes
boat based on a valuation of $108,000 thus getting an extra $80.
Does anyone in CA or elsewhere in US get taxed by county in similar manner? In other words, do they factor in sales tax to your boat valuation?