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Old 03-13-2019, 12:13 AM   #3
ssobol's Avatar
City: Leesburg, VA
Country: United States
Join Date: Mar 2015
Posts: 603
Some states will charge you based on the assessed or book value of property when you go and register it if you don't have a proper bill of sale. Got around the problem of people buying cars for $1 (and getting taxed on that) and then buying the owner's manual for say, $3000. I would kind of expect that both parties would have to pay tax on each boat when they went to register them.

But maybe FL is different.
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