Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1   Report Post  
Cheshire
 
Posts: n/a
Default buy in VA live in MD?

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   Report Post  
Giles
 
Posts: n/a
Default buy in VA live in MD?

"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   Report Post  
IamAeolus
 
Posts: n/a
Default buy in VA live in MD?

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.
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Additive for New Live for Old Outboard? Lloyd Sumpter General 13 March 21st 04 11:49 AM
Great Economic News: Recession is Over! jps General 99 September 18th 03 03:15 AM
Favorite weather sites? Larry W4CSC Cruising 5 September 9th 03 04:02 PM
(OT) And for the open minded clear thinkers Capt. Frank Hopkins General 1 September 4th 03 06:42 PM


All times are GMT +1. The time now is 11:55 AM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 BoatBanter.com.
The comments are property of their posters.
 

About Us

"It's about Boats"

 

Copyright © 2017