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#1
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If you buy in Virginia and will keep the boat in Maryland, you will have to
register and pay the Maryland Sales or Use tax, which I believe is 5%. If you plan to keep the boat in Virginia, you may enjoy Virginia's cap on Sales/Use tax on boats, which is $2,000. |
#2
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"Cheshire" wrote in message . ..
If you buy in Virginia and will keep the boat in Maryland, you will have to register and pay the Maryland Sales or Use tax, which I believe is 5%. If you plan to keep the boat in Virginia, you may enjoy Virginia's cap on Sales/Use tax on boats, which is $2,000. ....and if you keep the boat in Virginia you will also have to pay property tax on it every year. The amount of this tax is determined by the county where the boat is kept, and I believe that some counties down in the South of Virginia are reducing or eliminating it as an inducement for you to give their local marinas some business. The equivalent tax on automobiles is mostly paid to the counties by the state (the primary reason for Virginia's fiscal crisis) but the governor who was elected on that platform chose not to do the same for the tax on boats, trailers, airplanes etc. Giles |
#3
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If
you plan to keep the boat in Virginia, you may enjoy Virginia's cap on Sales/Use tax on boats, which is $2,000. BRBR That takes care of sales tax, but not the annual property tax..... the gift that keeps on giving in the Old Dominion. |
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