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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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How to fill out the Vessel Property Statement online

Completing the Vessel Property Statement online is an essential process for reporting the property information of your vessel. This guide provides step-by-step instructions to help users accurately fill out the form and meet their filing requirements with confidence.

Follow the steps to complete the Vessel Property Statement online.

  1. Click the ‘Get Form’ button to obtain the Vessel Property Statement and open it in the editor.
  2. Begin by reviewing the pre-printed name and mailing address for accuracy. Make any necessary corrections to ensure this information is current.
  3. In Section I, enter the vessel name, CF number or vessel registration number, habitual location of the vessel, slip number, and your telephone number.
  4. Proceed to Section II only if this is your first time filing or if there have been any changes in the past calendar year. Fill out the vessel manufacturer, model, year, HIN, length, beam, vessel displacement, gross tons, and net tons.
  5. Continue filling out engine information, including engine manufacturer, number of engines, horsepower for each engine, and draft.
  6. Complete the purchase information by detailing when the vessel was first moved to the county, who it was purchased from, the purchase price, purchase date, sale price, and sale date.
  7. If applicable, list removal information, including if the vessel has been permanently removed from the county and the address it was moved to.
  8. Indicate your vessel's type and rig in the provided checkboxes, ensuring to specify your answers accurately.
  9. Provide current vessel condition and condition when purchased by checking the appropriate box, aligning with the descriptions provided.
  10. Define the intended use of the vessel, selecting from various categories such as pleasure or commercial fishing, and specify the engine fuel type.
  11. If there is any loss related to the vessel, provide a detailed explanation along with supporting documentation.
  12. In the declaration section, certify the accuracy of your statement. Ensure you sign it and include the date.
  13. Finally, save your changes, download, print, or share the form as required.

Complete your Vessel Property Statement online today to ensure compliance and proper reporting.

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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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