{Stus-List} Buying a Boat out of State

[bkuether at comcast.net]

You pay 5% excise tax and thats it. (or maybe its sales tax dunno)  But no pers prop tax here.  thank goodness 




----- Original Message ----- 
From: "Dave Kuchenbecker" <dkuchen1 at gmail.com> 
To: cnc-list at cnc-list.com 
Sent: Wednesday, June 17, 2009 10:49:53 AM GMT -05:00 US/Canada Eastern 
Subject: Re: {Stus-List} Buying a Boat out of State 


I have the same question.  If I buy a boat in MD, and leave it there,  Do I pay the excise tax.  

Is there personal property tax on boats in MD.  If so what is the rate. 

thanks 


On Mon, Jun 15, 2009 at 12:54 PM, Neil Andersen < neandersen at verizon.net > wrote: 






Tom, 



If the transaction takes place in MD, does the state charge a sales tax and waive the excise tax? 



Neil 





From: cnc-list-bounces at cnc-list.com [mailto: cnc-list-bounces at cnc-list.com ] On Behalf Of TOM VINCENT 
Sent: Monday, June 15, 2009 2:45 PM 
To: C&C Forum 
Subject: {Stus-List} Buying a Boat out of State 






Brad, 
  
The State of Maryland does not put a sales tax on the boat you bought out of state. They do have a 5% Excise Tax of Purchase Price. They give you credit for a Trade-in on the Net Purchase Price. They have a Title Fee of $2.00 and a Registration Fee of $24.00 for 2 Years. The nearest office is in Bel Air and their number is 410-836-4550. 
  
Tom Vincent 
Frolic 2 
C&C 36' cb 
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