Lake Cumberland Community -
Not logged in [Login - Register]
BUY-SELL-TRADE ABSOLUTELY *FREE* WITH LAKE CUMBERLAND TRADER - CLICK HERE
Go To Bottom

Poll: Documented boat taxation
Yes
--- 23 (60.53%)
No --- 15 (39.47%)

Printable Version  
 Pages:  1  ..  3    5  
Author: Subject: Documented boat taxation
Bim
Senior Member
****




Posts: 476
Registered: 3-24-2006
Location: Centerville,Ohio - LFM
Member Is Offline

Mood: No Mood

[*] posted on 3-20-2012 at 03:47 PM


Interesting to note the references to Pulaski County being cheaper. I noticed on my last bill that they have jumped right on the band wagon and are now charging library tax on documented boats.....first time it has appeared on my bill. Wouldn't be so bad but it raised my tax bill by $140 and I don't even use the library. No truth to my wife saying I only use books with pictures cause I can't read!! They still don't charge school tax but it's only a matter of time. I agree with all who state that a fair, enforced, transparent tax methodology with a decal to prove you are in compliance is the only way this mess will ever be able to play out. As others have stated, it's simply too screwed up in it's present form to ever work. It really isn't that hard of thing to fix -- you either have a registration decal or you have a PP tax decal for the current year - caught without one or the other and you are in deep &()$ until you pay up.
View user's profile View All Posts By User
Captain Ahab
Master Member
*****


Avatar


Posts: 1821
Registered: 8-24-2004
Location: Wherever Mermaid is...
Member Is Offline

Mood: Optimistic...

[*] posted on 3-20-2012 at 04:12 PM


Quote:
Originally posted by Marginmn
I have to admit that it cracks me up to see people who were previously so willing to skirt the tax man by documenting their boats now speak about "Fairness" and preach for out-of-state boaters to "Do the right thing" just because the loophole they once so gleefully used is now closed to them but not to others.


Marginmn: I for one resent the above comment. :mad: I think it is unfair of you to classify all who document their boats as skirting the system. I file every year and pay what is owed.
View user's profile View All Posts By User
Pop-O_826
Master Member
*****




Posts: 1247
Registered: 12-12-2002
Member Is Offline

Mood: IF YOU CAN\'T RUN WITH THE BIG CAT, STAY IN THE BIRD CAGE

[*] posted on 3-20-2012 at 04:24 PM


And I hope to get cracked up when they finally have to pay their fair share.



WILDCAT PROUD BASKETBALL- DOING IT BETTER THAN ANYONE FOR OVER 60 YEARS
View user's profile View All Posts By User
Hadtohavit
Master Member
*****


Avatar


Posts: 1241
Registered: 2-3-2003
Location: Buckeye State
Member Is Offline

Mood: Life is for Livin !!!

[*] posted on 3-20-2012 at 04:59 PM


The word Fair... and the word Tax should not be used in the same Post. Does not work.
View user's profile View All Posts By User
Pop-O_826
Master Member
*****




Posts: 1247
Registered: 12-12-2002
Member Is Offline

Mood: IF YOU CAN\'T RUN WITH THE BIG CAT, STAY IN THE BIRD CAGE

[*] posted on 3-20-2012 at 05:18 PM


Everything the government builds is supported by tax dollars. I know they waste a big % of our tax dollars but can you think of a place you would rather live that is better? I have been paying taxes for almost 60 years and I feel I have gotten a pretty good deal!



WILDCAT PROUD BASKETBALL- DOING IT BETTER THAN ANYONE FOR OVER 60 YEARS
View user's profile View All Posts By User
Bim
Senior Member
****




Posts: 476
Registered: 3-24-2006
Location: Centerville,Ohio - LFM
Member Is Offline

Mood: No Mood

[*] posted on 3-20-2012 at 06:56 PM


Agree with you there Pop-O, can't think of any other place on earth that has it as good as we do. We are blessed to be here for sure.
View user's profile View All Posts By User
MarineAssist
Master Member
*****


Avatar


Posts: 4300
Registered: 11-13-2005
Location: Jamestown, KY.
Member Is Offline

Mood: Tow, tow, tow your boat....

[*] posted on 3-20-2012 at 07:35 PM


I guess one of the first questions that comes to mind is why did the state stop requiring documented vessels to have to have a registration stamp sticker in the first place. They used to have to get them years ago, according to a water patrol officer I talked to. For some reason that law changed, and that is why it is an issue now. Without requiring that sticker nobody can tell if the taxes are paid or not.

Also, I told you a couple pages back that I know of several boats running around on the lake that would APPEAR to be documented that are not. Somebody just slaps a name on the hull and puts "Port of", and no one checks anymore. I see they have caught up with that now, but I don't know how they will find owners if there is no record.

Coast Guard documentation information is easily available to the general public for free. It is not deemed private information. You can access it here, but be advised, some recent information changes may take 30 days or more to show up here. If you need immediate information that is current, you need to pay the CG a $25 fee for an abstract of title, or ownership information request.
http://www.st.nmfs.noaa.gov/st1/CoastGuard/




www.marineassistky.com for Marine Assist towing and salvage service and yearly memberships. 877-662-2555
View user's profile Visit user's homepage View All Posts By User
Captain Bob
Moderator Emeritus
*******


Avatar


Posts: 8554
Registered: 6-18-2002
Location: Always close by
Member Is Offline

Mood: Retired.. but active.

[*] posted on 3-21-2012 at 07:52 AM


Quote:
Originally posted by Pop-O_826
Everything the government builds is supported by tax dollars. I know they waste a big % of our tax dollars but can you think of a place you would rather live that is better? I have been paying taxes for almost 60 years and I feel I have gotten a pretty good deal!


+1
View user's profile View All Posts By User
Marginmn
Master Member
*****




Posts: 689
Registered: 2-20-2003
Location: Indy, Grider Hill, Cape Coral FL
Member Is Offline

Mood: No Mood.

[*] posted on 3-21-2012 at 08:21 AM


Quote:
Originally posted by Captain Ahab
Quote:
Originally posted by Marginmn
I have to admit that it cracks me up to see people who were previously so willing to skirt the tax man by documenting their boats now speak about "Fairness" and preach for out-of-state boaters to "Do the right thing" just because the loophole they once so gleefully used is now closed to them but not to others.


Marginmn: I for one resent the above comment. :mad: I think it is unfair of you to classify all who document their boats as skirting the system. I file every year and pay what is owed.


Ahab, I did not say that everyone who documents their boats is skirting the system. On the contrary, the entire conversation here concerns the fact that many people can no longer skirt the system.

What I did say is that it cracks me up when I see people who previously were all too happy to avoid paying a yearly registration fee get all huffy because their loophole has been closed while their neighbors remains open. My comments were not directed at you or anyone in particular but at human nature in general.

Prior to that fire chief in Louisville bringing it to the State's attention, documenting a boat was a legal means of avoiding a yearly registration fee. It no longer is - for some. The amount of zeal that some people put into making sure their neighbors loophole is closed just cracks me up. No offense intended towards you.
View user's profile View All Posts By User
MattThorn
Senior Member
****


Avatar


Posts: 219
Registered: 6-22-2009
Location: Jamestown / State Dock
Member Is Offline

Mood: Fixin' Boats

[*] posted on 3-21-2012 at 09:04 AM


Quote:
Originally posted by MarineAssist
I guess one of the first questions that comes to mind is why did the state stop requiring documented vessels to have to have a registration stamp sticker in the first place. They used to have to get them years ago, according to a water patrol officer I talked to. For some reason that law changed, and that is why it is an issue now. Without requiring that sticker nobody can tell if the taxes are paid or not.



This is the part I don't understand. Many states require that even if a vessel is documented they still have to pay for a state registration.
View user's profile Visit user's homepage View All Posts By User
Six Pack Summer
Master Member
*****


Avatar


Posts: 1239
Registered: 5-15-2008
Location: Holly Bay Marina
Member Is Offline

Mood: Smoke on the Water

[*] posted on 3-21-2012 at 02:45 PM


I have followed this and all of the threads on documentation of boats and I guess that I must be dense as I dont get it.

I have a houseboat and runabout and both are registered in Ky, not documented. I pay the tax on both plus the registration fee of $33. Am I not paying the same ad valorem tax that a documented boat is supposed to pay? If so the only savings would be the $33 per year in registration costs. I just dont get the reason for going thru the hassle and cost to document a boat. When I bought the houseboat 10 years ago everyone said I should document the boat, when asked why they said to avoid the yearly tax.

Could some knowlegeable forum member please enlighten old six pack. Thanks in advance.
View user's profile View All Posts By User
Hadtohavit
Master Member
*****


Avatar


Posts: 1241
Registered: 2-3-2003
Location: Buckeye State
Member Is Offline

Mood: Life is for Livin !!!

[*] posted on 3-21-2012 at 03:34 PM
State Registration


Quote:

This is the part I don't understand. Many states require that even if a vessel is documented they still have to pay for a state registration


Registration Sticker Not the problem here in this thread... I don't think anyone that boats on Lake Cumberland would mind paying a boat registration fee... even if the boat was titled in a different state... or documented. Its the Property Taxes that folks are discussing here. Yes I agree that a documented boat in Ky should still have the annual decal.... which I assume $$$ goes to fish and wildlife which is a good thing if that is where the $$ ends up for the decal sales. :cool:
View user's profile View All Posts By User
whitenights
Master Member
*****


Avatar


Posts: 2985
Registered: 4-15-2003
Location: Nicholasville, Ky
Member Is Offline

Mood: Grider Hill

[*] posted on 3-21-2012 at 03:53 PM


Quote:
Originally posted by Six Pack Summer
I have followed this and all of the threads on documentation of boats and I guess that I must be dense as I dont get it.

I have a houseboat and runabout and both are registered in Ky, not documented. I pay the tax on both plus the registration fee of $33. Am I not paying the same ad valorem tax that a documented boat is supposed to pay? If so the only savings would be the $33 per year in registration costs. I just dont get the reason for going thru the hassle and cost to document a boat. When I bought the houseboat 10 years ago everyone said I should document the boat, when asked why they said to avoid the yearly tax.

Could some knowlegeable forum member please enlighten old six pack. Thanks in advance.


I do not see the advantage now that the loophole is closed, like marginman said. When we documented years ago there was no way pay taxes on these boats at the county. Of course now it is done when you file your personal property tax forms.

So really the main advantage I see now, other than saving the $30 fee, is that I don't need those ugly numbers on my boat:P




View user's profile Visit user's homepage View All Posts By User
Pop-O_826
Master Member
*****




Posts: 1247
Registered: 12-12-2002
Member Is Offline

Mood: IF YOU CAN\'T RUN WITH THE BIG CAT, STAY IN THE BIRD CAGE

[*] posted on 3-21-2012 at 04:36 PM


With a documented boat YOU set the value of your boat. Taking into consideration the value of the hull, motors, generator, top deck etc. The wife's decorating etc does NOT count in the value



WILDCAT PROUD BASKETBALL- DOING IT BETTER THAN ANYONE FOR OVER 60 YEARS
View user's profile View All Posts By User
MarineAssist
Master Member
*****


Avatar


Posts: 4300
Registered: 11-13-2005
Location: Jamestown, KY.
Member Is Offline

Mood: Tow, tow, tow your boat....

[*] posted on 3-21-2012 at 05:24 PM


Quote:
Originally posted by Hadtohavit
Quote:

This is the part I don't understand. Many states require that even if a vessel is documented they still have to pay for a state registration


Registration Sticker Not the problem here in this thread... I don't think anyone that boats on Lake Cumberland would mind paying a boat registration fee... even if the boat was titled in a different state... or documented. Its the Property Taxes that folks are discussing here. Yes I agree that a documented boat in Ky should still have the annual decal.... which I assume $$$ goes to fish and wildlife which is a good thing if that is where the $$ ends up for the decal sales. :cool:



You missed the part that if a sticker WAS required, you would have to pay the property tax to get it.




www.marineassistky.com for Marine Assist towing and salvage service and yearly memberships. 877-662-2555
View user's profile Visit user's homepage View All Posts By User
Jaybird
Senior Member
****




Posts: 454
Registered: 1-20-2007
Location: Kentucky
Member Is Offline

Mood: Retired

[*] posted on 3-21-2012 at 05:45 PM


Ouestion on Ohio numbers, stickers and registration. Do they cost next to nothing compared to Kentucky and are for 3 years? I asked a guy one time and I think the amount he gave me was no where close to what I pay and it was not every year. I know it is a little off topic but just curious as I got the bill the other day for the pretty blue stickers. Don't even want to discuss watercraft personal property tax that is paid every year, agony to the 10th power.
View user's profile View All Posts By User
WaterWings
Super Administrator
*********


Avatar


Posts: 8206
Registered: 2-3-2006
Location: Lexington KY (CB)
Member Is Offline

Mood: Flyin High

[*] posted on 3-21-2012 at 05:49 PM


Quote:
Originally posted by whitenights
Quote:
Originally posted by Six Pack Summer
I have followed this and all of the threads on documentation of boats and I guess that I must be dense as I dont get it.

I have a houseboat and runabout and both are registered in Ky, not documented. I pay the tax on both plus the registration fee of $33. Am I not paying the same ad valorem tax that a documented boat is supposed to pay? If so the only savings would be the $33 per year in registration costs. I just dont get the reason for going thru the hassle and cost to document a boat. When I bought the houseboat 10 years ago everyone said I should document the boat, when asked why they said to avoid the yearly tax.

Could some knowlegeable forum member please enlighten old six pack. Thanks in advance.


I do not see the advantage now that the loophole is closed, like marginman said. When we documented years ago there was no way pay taxes on these boats at the county. Of course now it is done when you file your personal property tax forms.

So really the main advantage I see now, other than saving the $30 fee, is that I don't need those ugly numbers on my boat:P


That's a real good reason for sure!

Another good reason is IF you should forget to send in the form 62A500W... you can still boat all season long. You won't dodge the tax man but I don't know of anyone ever getting a ticket from the KDFWR for not sending in the form or even not paying the taxes. You'll get some very nasty letters, penalties, interest, and maybe a tax lien but thats about it.
Try going around the lake with an out of date stickers for a whole season. :cool:

Also, YOU determine the taxable value... not a county PVA who knows nothing of boats or boat values. I'll take my chances with documentation thank you very much.

By the way, how do you put those stickers on straight if your boat is on the water. You have to be upside down to do it and I can never get em straight. ;)




WHATEVER floats your boat Dude!
View user's profile View All Posts By User
Six Pack Summer
Master Member
*****


Avatar


Posts: 1239
Registered: 5-15-2008
Location: Holly Bay Marina
Member Is Offline

Mood: Smoke on the Water

[*] posted on 3-21-2012 at 05:55 PM


WW, agree on the valuation however the PVA in Laurel County is rather fair on their valuation, I would have valued it much higher.

One difference between Ohio and Ky is the sales tax. No sales tax on a used boat in Ky, in Ohio you pay around 6% on the sales price in upfront tax. Not what you think it is worth but what you paid for it.
View user's profile View All Posts By User
MarineAssist
Master Member
*****


Avatar


Posts: 4300
Registered: 11-13-2005
Location: Jamestown, KY.
Member Is Offline

Mood: Tow, tow, tow your boat....

[*] posted on 3-21-2012 at 06:25 PM


Quote:
Originally posted by Six Pack Summer
One difference between Ohio and Ky is the sales tax. No sales tax on a used boat in Ky, in Ohio you pay around 6% on the sales price in upfront tax. Not what you think it is worth but what you paid for it.



Sorry six pack, that is not true about no sales tax in KY on a boat.

If you buy a boat from a licensed KY boat dealer, they collect 6% sales tax on the state's behalf and send it to DOR.

If you buy a boat from a private person and you are a KY resident, the local license branch where you go to transfer it is not required to collect sales tax........... BUT.... BUT, you still owe 6% of the sales price in sales tax that you are supposed to report on your year end taxes.

If you do not report that tax due for a person to person boat sale and they see you are now the registered owner of the boat, they will send you a bill for taxes due and deliquency fees. It may take a year or two.

Now, not everybody gets caught. Not sure why, but I have seen about 50% of the casual sales on boats between people get a bill for sales tax after the fact.

I am also not sure why the license office has to collect sales tax on cars and not boats. Just something the state missed when writing the laws I guess.


Personally, I don't like paying sales tax on ANYTHING used. Seems like it was already paid once when new.




www.marineassistky.com for Marine Assist towing and salvage service and yearly memberships. 877-662-2555
View user's profile Visit user's homepage View All Posts By User
fryman
Master Member
*****


Avatar


Posts: 1490
Registered: 9-11-2006
Location: Grove Marina, SE KY
Member Is Offline

Mood: GOT ELK!

[*] posted on 4-18-2012 at 03:40 PM


When is the paperwork for the Taxes due????



Motorboating!!!!!!!!
View user's profile View All Posts By User
xburnside
Master Member
*****


Avatar


Posts: 2059
Registered: 12-21-2007
Location: EastCincy+Conley
Member Is Offline

Mood: Readin+listenin, cuz I might learn sumthin

[*] posted on 5-3-2012 at 07:05 AM


Form 62A500-W due May 15th 2012

http://revenue.ky.gov/NR/rdonlyres/BE9AC88F-D3CA-47FE-B236-8...




dam glad it floats our boats
View user's profile View All Posts By User
Knot Responding
Master Member
*****




Posts: 2436
Registered: 5-13-2003
Member Is Offline

Mood: No Mood.

[*] posted on 5-3-2012 at 08:44 AM


Quote:
Originally posted by Pop-O_826
Everything the government builds is supported by tax dollars. I know they waste a big % of our tax dollars but can you think of a place you would rather live that is better? I have been paying taxes for almost 60 years and I feel I have gotten a pretty good deal!


Not saying I don't love my country, I do, but have you lived anywhere else for an extended period of time to compare?

I sent my tax form in today by the way, I also emailed Marianne to let her know it was coming because they have lost it before.




The Internet -- making geniuses one click at a time.
View user's profile View All Posts By User
Captain Ahab
Master Member
*****


Avatar


Posts: 1821
Registered: 8-24-2004
Location: Wherever Mermaid is...
Member Is Offline

Mood: Optimistic...

[*] posted on 5-3-2012 at 09:35 AM


OK... So most are unhappy with the taxation without representation. As a group, what are we going to do about it, other than whine on the forum? It will only get changed if pain is created for the counties that are using it as income generation.

Clinton is fair, .Russell County tax is unfair. The disparity between the rates makes me seriously consider moving back to Clinton county. It is not a money thing as much as the principle that gets me so upset. I know that I would have to change marinas, but it is a boat after all and I can go to whatever part of the lake I want when I am on the water. The only way to get Russell county to stop screwing the boat owner is to remove revenue from the county or business owners located in those counties.…. That would send a clear signal that something needs to change.

At a minimum, everyone with a concern should e-mail or write the County PVA where their boat is located. In Russell, it would be Tim Popplewell

'tim.popplewell@ky.gov'
View user's profile View All Posts By User
xburnside
Master Member
*****


Avatar


Posts: 2059
Registered: 12-21-2007
Location: EastCincy+Conley
Member Is Offline

Mood: Readin+listenin, cuz I might learn sumthin

[*] posted on 5-3-2012 at 09:40 AM


Quote:
Originally posted by Knot Responding
Quote:
Originally posted by Pop-O_826
Everything the government builds is supported by tax dollars. I know they waste a big % of our tax dollars but can you think of a place you would rather live that is better?...


...I sent my tax form in today by the way, I also emailed Marianne to let her know it was coming because they have lost it before.


I fax my form to Wayne Co...what are th pros+cons of sending to county or Marianne @ Frankfort?




dam glad it floats our boats
View user's profile View All Posts By User
Phoenixdh04
Senior Member
****


Avatar


Posts: 359
Registered: 2-6-2006
Location: Dale Hollow/Hendricks Creek
Member Is Offline

Mood: Fishin& Racin

[*] posted on 5-3-2012 at 11:30 PM


Quote:
Originally posted by Six Pack Summer
I have followed this and all of the threads on documentation of boats and I guess that I must be dense as I dont get it.

I have a houseboat and runabout and both are registered in Ky, not documented. I pay the tax on both plus the registration fee of $33. Am I not paying the same ad valorem tax that a documented boat is supposed to pay? If so the only savings would be the $33 per year in registration costs. I just dont get the reason for going thru the hassle and cost to document a boat. When I bought the houseboat 10 years ago everyone said I should document the boat, when asked why they said to avoid the yearly tax.

Could some knowlegeable forum member please enlighten old six pack. Thanks in advance.


Six pack, unless it has changed this year, the (state portion) of the collected tax for documented boats is $.15 per $100 of valuation or $15/$1000, for normally regestered boats that rate is $.45 per $100 of valuation or $45/$1000, so there is a big difference in the amount of tax for documented vs registered. I don't know why so many people miss this.




Phoenix
View user's profile View All Posts By User
 Pages:  1  ..  3    5  

  Go To Top

Powered by XMB 1.9.11
XMB Forum Software © 2001-2012 The XMB Group