Most municipalities levy a property tax on real estate. That's how
they get money to operate, run the schools, etc. Do you expect the
town/city to replace your house just becuase you pay tax on it?

The "excise tax" in Maine is just a property tax like that except that
it goes through the state and then back to the town. I think there
were difficulties because a boat often isn't moored in the same town
the owner lives in. It is based on a formula involving mostly
horsepower and age, not an assessed value.






wrote:

From what I can see every states appear to have some Personal Property tax
or excise taxes of some sort on cars and boats not to mention municipal
property tax.
If an Hurricane or any pertinent act of god destroys personal property on
which the government has levied taxes, Is the government committed to
provide financial assistance for the replacement of personal properties that
have been damaged of destroyed by hurricanes, storms and other acts of god.
Many insurance companies do not provide coverage's for what they define as
an act of god.
Conversely If I want to buy a pre-owned boat will the owner provide me with
the existing tax assessment?


Michael Porter Naval Architect / Boatbuilder
mporter at mp-marine dot com
www.mp-marine.com

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