Reply
 
Thread Tools Display Modes
 
Old 05-14-2018, 04:05 PM   #1
Guru
 
City: San Francisco
Country: USA
Vessel Name: Speedy Charlotte
Vessel Model: Beneteau Swift Trawler 44
Join Date: Oct 2016
Posts: 538
Tax rate

Does anyone know what the unsecured property tax rate is for Alameda?

I believe a boat is considered either "personal" or "unsecured" property.

Is this a different tax rate? I used all of my Googling skills and came up empty.

Thanks,
Mike
__________________
Advertisement

MichaelB1969 is offline   Reply With Quote
Old 05-14-2018, 04:30 PM   #2
Guru
 
djmarchand's Avatar
 
City: East Greenwich, RI
Country: USA
Vessel Name: Bella
Vessel Model: Mainship Pilot 34
Join Date: Aug 2012
Posts: 3,292
California and I suspect all state's property tax is a bit complicated. That is because there is both the direct mil rate and the value that the jurisdiction puts on the boat.

We bought a new Mainship 34T in 2006 and paid about 0.5% of market value for personal property tax. That is lower than the mil rate because California values boats at less than market. We docked our boat in Long Beach but I doubt that property tax rates vary much by city/county.

The same was true of a used boat we bought and kept in San Diego.

So if you are looking for a budget figure, use 0.5% of current market value.

David
__________________

djmarchand is offline   Reply With Quote
Old 05-14-2018, 04:47 PM   #3
Guru
 
City: San Francisco
Country: USA
Vessel Name: Speedy Charlotte
Vessel Model: Beneteau Swift Trawler 44
Join Date: Oct 2016
Posts: 538
Quote:
Originally Posted by djmarchand View Post
California and I suspect all state's property tax is a bit complicated. That is because there is both the direct mil rate and the value that the jurisdiction puts on the boat.

We bought a new Mainship 34T in 2006 and paid about 0.5% of market value for personal property tax. That is lower than the mil rate because California values boats at less than market. We docked our boat in Long Beach but I doubt that property tax rates vary much by city/county.

The same was true of a used boat we bought and kept in San Diego.

So if you are looking for a budget figure, use 0.5% of current market value.

David
Hmm.. the guy I just spoke to on the phone said the rate is between 1 - 1.5% of assessed value.

The initial assessment they gave me is significantly higher than market, as in around $150,000 over!
MichaelB1969 is offline   Reply With Quote
Old 05-14-2018, 05:57 PM   #4
DDW
Veteran Member
 
City: San Francisco
Country: USA
Join Date: Apr 2018
Posts: 41
I think this is covered by Prop 13, max of 1% of assessed value increasing a max of 2%/yr. However counties have found a way around that, with special assessments and such like that they claim are not under Prop 13. The 1 - 1.5% is about right, I was paying a little more than 1% when I kept a boat in Alameda.
DDW is online now   Reply With Quote
Old 05-14-2018, 07:19 PM   #5
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,615
The assessed value is allowed to increase only 1 percent a year unless there is a transfer of ownership. Boats, however, depreciate, and the assessed value is decreased over time. The nominal tax rate is 1 percent of assessed value, but then there are bonds, special-district charges (such as BART) which vary by location which increase the effective rate. ... Contact the assessor's office and ask for the rate applicable to the boat's location. Tax rate for boats is the same as for land homes.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 05-14-2018, 07:46 PM   #6
Guru
 
City: Satsuma FL/Daytona Beach Shores
Country: United States
Vessel Name: No Mo Trawla
Vessel Model: Hurricane SS188
Join Date: Jul 2014
Posts: 1,892
Quote:
Originally Posted by MichaelB1969 View Post
Hmm.. the guy I just spoke to on the phone said the rate is between 1 - 1.5% of assessed value.

The initial assessment they gave me is significantly higher than market, as in around $150,000 over!
No wonder so many California boats are for sale.
__________________
Buffalo Bluff Light 28
Donsan is offline   Reply With Quote
Old 05-15-2018, 09:13 PM   #7
DDW
Veteran Member
 
City: San Francisco
Country: USA
Join Date: Apr 2018
Posts: 41
Quote:
Originally Posted by markpierce View Post
The assessed value is allowed to increase only 1 percent a year unless there is a transfer of ownership.
Under Prop 13, assessed value is allowed to increase 2% a year. Max tax rate is (theoretically) 1% of assessed value.
DDW is online now   Reply With Quote
Old 05-15-2018, 10:49 PM   #8
Senior Member
 
Oldersalt's Avatar
 
City: San francisco
Country: USA
Vessel Name: Pacific Star
Vessel Model: 1990 Grand Banks 32 #834
Join Date: Jun 2016
Posts: 107
My boat lives in Alameda, so I have an exact answer for you. My 2017 "Unsecured Property Tax Statement" charged me 1.1593% of the "full valuation." They assigned a full valuation which was slightly higher than the actual price I paid (and reported to the state) when I bought the boat in 2016. I don't know how they reached that valuation. If I really disagreed with it, there is an appeal process. I believe that each county can set a different rate, but I am not really sure about that. I DO know that each county in California charges a slightly different sales tax, and Alameda at (as I recall) charges 9.75%. Other nearby counties may be around 9% or maybe even the high 8%s.

Actually, I like this quote from Oliver Wendell Holmes...."I don't mind paying taxes. Wiith them a purchase civilization."

Here's to light winds and flat water.
Oldersalt
Oldersalt is offline   Reply With Quote
Old 05-16-2018, 02:35 AM   #9
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,615
Quote:
Originally Posted by DDW View Post
Under Prop 13, assessed value is allowed to increase 2% a year. Max tax rate is (theoretically) 1% of assessed value.
You're correct. Regardless, taxes in California are very high. While property tax rates aren't high, assessed valuations are high for properties purchased in recent years.. Median home prices are between one-half and two million dollars here. Talking 1600-foot square homes, not mansions.

https://www.investopedia.com/walkthr...rty-tax-guide/
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 05-16-2018, 02:55 AM   #10
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,615
Websites on property taxes can be misleading.

https://smartasset.com/taxes/califor...tax-calculator

While this website says property taxes in Contra Costa County are under one percent, my actual taxes for my home in Martinez, CC County is 1.49% of assessed value. My boat in Vallejo, Solano County is taxed at 1.15%.

Consider one percent a myth.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 05-16-2018, 03:07 AM   #11
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,615
In addition, need to pay property taxes on my rented, municipally-owned berth. A recent tax-raising scheme here.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 05-16-2018, 03:16 AM   #12
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,615
Two percent annual increase. That's higher than my supposed cost-of-living-indexed pension.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 05-19-2018, 12:23 AM   #13
DDW
Veteran Member
 
City: San Francisco
Country: USA
Join Date: Apr 2018
Posts: 41
Of course they don't HAVE to raise it 2% a year. That's just the limit. On a boat it may actually be worth appealing the appraised value, since the value is really going down every year .

I'm familiar with paying taxes in California, as I've been doing it for all of my 6 odd decades. The rate above 1% is the weaseling of the local jurisdictions with their special districts and fees and such. Not too hard for them to get up to 1.5% or so. On sales tax, the sky's the limit, and some of the counties are reaching for the sky.
DDW is online now   Reply With Quote
Old 05-19-2018, 06:52 AM   #14
Guru
 
HiDHo's Avatar
 
City: Scottsboro, Al.
Country: USA
Vessel Name: Hi-D-Ho
Vessel Model: 1987 Krogen Manatee
Join Date: Feb 2012
Posts: 780
The basis of taxation is the cost of government services. Why are those services so much more costly than locals out side of California ?
HiDHo is offline   Reply With Quote
Old 05-19-2018, 07:03 AM   #15
Guru
 
kthoennes's Avatar
 
City: Sioux Falls, South Dakota
Country: USA
Vessel Name: Xanadu
Vessel Model: Mainship 37 Motor Yacht
Join Date: Oct 2013
Posts: 915
This discussion makes me glad to live in South Dakota. I might be a million miles from big open water, but no property tax on boats. Ahh.
kthoennes is offline   Reply With Quote
Old 05-19-2018, 07:46 AM   #16
Senior Member
 
Group9's Avatar
 
City: Bay Saint Louis, Mississippi, (or where the anchor drops)
Country: USA
Vessel Model: 1973 42 Bertram MY
Join Date: Sep 2013
Posts: 405
Quote:
Originally Posted by HiDHo View Post
The basis of taxation is the cost of government services. Why are those services so much more costly than locals out side of California ?
Same reason a house that cost $250,000 where I live, cost $750,000 in San Diego. People who think it's a better house because it cost more.
__________________
Living life at one quarter speed.
Group9 is offline   Reply With Quote
Old 05-19-2018, 09:14 AM   #17
DDW
Veteran Member
 
City: San Francisco
Country: USA
Join Date: Apr 2018
Posts: 41
Comparing tax rates across states is difficult to do fairly, because there are so many variables. If you look at the total state per capita budget, California is near the low end of the 50 states. Alabama and South Dakota are both much higher than California. Some states have low local taxes but are huge consumers of federal largess. California is a net contributor to the feds (send more than they get back). Also there are major differences in how much government service is provided by the state vs. local jurisdictions. Some attempt to track total tax burden, one such attempt is here. That shows California as #10.
DDW is online now   Reply With Quote
Old 05-19-2018, 09:45 AM   #18
Member
 
helm's Avatar
 
City: Isleton
Country: USA
Vessel Name: Farfalla
Vessel Model: Lindell 36
Join Date: Apr 2015
Posts: 13
We just went through an appeal of our boats assessment by Sacramento County. They were actually very helpful, and responsive. The rate you pay will vary on the boats location because of added tax from local bonds etc. Ours was about 1%. After the initial assessed value boats are depreciated at 8% per year according to the state assessors manual. Hope its true but havenít recieved our tax bill after our successful appeal last year
helm is offline   Reply With Quote
Old 05-19-2018, 10:16 AM   #19
Veteran Member
 
City: Orange County, CA
Country: USA
Join Date: Aug 2016
Posts: 52
As mentioned above, the state tax is 1% of the value and then the cities/counties add whatever they decide is right. Not all of it is a straight percentage, so the total varies slightly (as a percentage) depending on the value of the boat/property.

The limits on increases apply more to real estate, since boat values typically go down, not up. The tax assessments (and bills) for my boats have declined slightly each year. I have found the assessor’s to be reasonable about correcting inaccurate assessments, by the way.

We pay more taxes in California than most do in other locations, but it’s not so much that I would seriously consider living somewhere else.
__________________

guy with a boat is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 11:09 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012