Cruisers Forum

  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on Cruisers Forums. Advertise Here
Thread Tools Search this Thread Rate Thread Display Modes
Old 18-08-2017, 21:18   #31
Moderator Emeritus
sailorchic34's Avatar

Cruisers Forum Supporter

Join Date: Feb 2011
Location: SF Bay Area
Boat: Islander 34
Posts: 5,486
Re: Personal Property Tax for Liveaboards

Originally Posted by hellosailor View Post
Sounds like someone is Cali had an accidental moment of rationality, or realized how many residents lived in trailer parks and would be vote for whoever gave them a homestead exemption.

In most states, the homestead exemptions are against your REAL ESTATE taxes, and if there is personal property tax...TFB. But then again, I think the states that levy personal property taxes are in the vast minority. I'm told that even CT dropped it ages ago.
Actually mobile homes, RV's and Sailboats are all classified as homes by the IRS and most states when someone lives on or aboard. You can deduct interest payments in personal property used for homes too. So states that charge a personal property tax on a mobile home, RV or boats that one uses as their sole home can take a homestead exemption. After all it's not called a real property exemption.

You are correct that mostly it's real estate that gets the homestead exemption. But you can be sure that folks living in mobile homes that pay personal property tax, DO claim a homestead exemption. I did long ago.

BTW most states do charge personal property tax. 16 states do not tax personal property. Most in the northeast.
sailorchic34 is offline   Reply With Quote

liveaboard, rope

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
North Carolina Live Aboard Personal Property Tax R&B Liveaboard's Forum 13 02-01-2019 03:21
How are boats valued for the purposes of personal property tax? jsc7 Dollars & Cents 1 18-05-2017 19:34
One More Question About Personal Property Tax capcook Dollars & Cents 27 25-04-2012 12:26
Do they have a personnel property tax in N.C videorov General Sailing Forum 3 20-11-2006 03:48

Advertise Here

All times are GMT -7. The time now is 13:00.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.