Do NOT keep your boat in North Carolina

[Be Free Sailor]

Originally Posted by Dockhead

In Northern Europe, boat taxes are zero almost everywhere.


The original buyer does pay VAT on the new boat, like everywhere in the EU. But up here that's considered quite enough and you don't pay tax on subsequent purchase-sale transactions, not do you pay any ad valorem tax.

Danish nationals has to pay annually 1% "wealth" tax on the insured value of the boat. And 25% VAT upfront, upon new boat purchase.

Still, we are the 2nd most happy nation in the "World Happiness Report" https://edition.cnn.com/travel/artic...ess/index.html

Finland is number 1 on the list, perhaps due to the lack of "wealth" tax on boats?

[Dockhead]

Originally Posted by Be Free Sailor

Danish nationals has to pay annually 1% "wealth" tax on the insured value of the boat. And 25% VAT upfront, upon new boat purchase.



Still, we are the 2nd most happy nation in the "World Happiness Report" https://edition.cnn.com/travel/artic...ess/index.html



Finland is number 1 on the list, perhaps due to the lack of "wealth" tax on boats?

All my Danish sailor friends avoid the insurance tax by using a non-Danish insuror.

You'd be the second happiest nation inthe world too if you were looking at this as you eat your breakfast:



As I am at this moment.

[cdreid]

Originally Posted by svlamorocha

I believe you got the rate wrong. I understand that the rate is 0.5394% that is close to 1/10th of 5%. See the table posted above.

You don't need to call every county; there are tables out there (as in recent post) that give you property tax rates for every country in a given state.

Not sure where you got your information .. im assuming property tax on houses. The boat isnt a house. It will be taxed as a vehicle. I have a plane i keep in my driveway i was planning to get a license for before i got hurt. They just taxed me at above the highest value ive ever seen on a similar plane in immaculate condition. And it definitely wasnt at .5%