Originally Posted by
Mischief IV
If I’m not mistaken, even if you buy out of state, the dealer is required to file the taxes based on where you live. State and county.
I purchased mine from Atlanta Marine (which I don’t recommend) and have my main house in Cobb county, therefore 6% was added for sales tax.
Saved myself 1% over the county the boats reside in which is 7%.
Here is the deal for GA property tax. When you register with the GA DNR, you will have to show them a bill of sale and verify which county the boat will reside in for more than 180 days a year. Then, the DNR will forward info on to the local county tax assessor’s office and you will receive a form every January that you have to fill out by April 1st. If the value is over $6500.00 for one boat, you will pay a property tax using your county millage rate based on current boat value.
They will send you their determined value in May/ June (if you don’t fill out the form, you cannot file an appeal) to let you know what you will owe in December when all property taxes are due.
So for me, property taxes rates are cheaper in the county where my lake house is so all my boats are “registered” there. Three of the five are still above the $6500 rate. This year, the county tax assessment was lower than the information I provided to them on said form.
I believe I will pay an additional $550 for my 3 vessels this year where the combined total value is still less than half of what your new boat may cost.
Another option for this size purchase is to move to TN...no wealth tax and no state income tax.
Best of luck!