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BOE-576-D P1 REV. 16 05-13 VESSEL PROPERTY STATEMENT Declaration of costs and other related property information as of 12 01 a.m. January 1 2014. FILE RETURN BY April 1 2014 NAME AND MAILING ADDRESS Make necessary corrections to the printed name and mailing address RICHARD N. BENSON MARIN COUNTY ASSESSOR BUSINESS PROPERTY DIVISION PO Box C San Rafael CA 94913 415 473-7208 FOR ASSESSOR S USE ONLY SECTION I MUST BE COMPLETED ANNUALLY VESSEL NAME CF.

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By: Chad Saikaley, CPA, CA, TEP On September 1st, 2022, a new luxury tax will be applied to recreational vehicles, aircraft and vessels. The Select Luxury Items Tax Act will be applied to vehicles and aircraft with a retail price of $100,000 or more. Vessels costing $250,000 or more will also be impacted.

The California Constitution (Section XIII, Article 1) provides that all tangible property is taxable unless it is otherwise exempted by the Constitution or by the legislature. Household personal property was exempted in the 1950's, but privately-owned boats are still subject to property tax.

Each County Assessor imposes an “unsecured” property tax of approximately 1.1%, depending on taxing jurisdiction, on all vessels in California. Vessels are valued at their fair market value each and every year as of the January 1 lien date.

You may not be required to pay California use tax if the only use of the vessel in California is to remove it from the state and it will be used solely thereafter outside this state. This exclusion only applies to a purchase that would otherwise be subject to use tax.

Boat owners are required to file an annual Vessel Property Statement providing information about the boat such as the year, make, and model of the boat; and the condition of the boat. This information is used to assess the current market value for tax purposes.

Each County Assessor imposes an “unsecured” property tax of approximately 1.1%, depending on taxing jurisdiction, on all vessels in California. Vessels are valued at their fair market value each and every year as of the January 1 lien date.

Why are boats and vessels assessed for property taxes? The California Constitution (Section XIII, Article 1) provides that all tangible property is taxable unless it is otherwise exempted by the Constitution or by the legislature.

A report on BOE-576-D is required of you by section 441(a) of the Revenue and Taxation Code (Code). The statement must be completed ing to the instructions and filed with the Assessor on or before April 1.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232