What is this for?

[ctwo]

In my email

https://www.boe.ca.gov/proptaxes/pdf/lta21005.pdf

 

[Abacinator]

Assessing boat values for registration purposes?

 

[Eldritch]

PIIDB?

 

[ctwo]

I'm sorry, I should have provided more context - my subject line sucks.

Thanks for looking.

 

[Butch]

Taxes! Someone has to pay them.

 

[scootergmc]

If you own a boat/jetski, they're telling you the valuations for your 2021 property taxes.

 

[ctwo]

So, I guess that only applies in states that tax your possessions, but this is CA BOE? I've kind of forgotten about that sinister practice. Or would it have commercial application, because let's say my boat is a bass boat, but I'm not paying any taxes on it?

 

[scootergmc]

It's a California document, so yes, it's applicable for California.

 

[Map8]

The Board of Equalization (BOE) doesn't specifically deal with business taxes. BOE is an agency that implements taxes or fees as directed by legislation.

There is a contact listed on the document. I don't understand why you are not reaching out to that contact for more information.

 

[ctwo]

Well, barf is so much more entertaining, and it brings knowledge to my brothers and sisters here too...

 

[dravnx]

When you pay your Possessory Interest Tax on your boat, use the correct modifier per this notice to establish valuation.

 

[Climber]

Is it possible that they're shaking down people who bought a boat and the sale price was far less than the perceived value?

I know a bunch of people well motorcycles and agree to put a lower sale price than actual so that the buyer doesn't have to pay as high of taxes on the sale. Just a thought.

 

[ctwo]

When you pay your Possessory Interest Tax on your boat, use the correct modifier per this notice to establish valuation.

https://www.boe.ca.gov/Assessors/pdf/tpi_general.pdf doesn't seem like the same thing (i.e., a utility boat :confused).

Is it possible that they're shaking down people who bought a boat and the sale price was far less than the perceived value?

I know a bunch of people well motorcycles and agree to put a lower sale price than actual so that the buyer doesn't have to pay as high of taxes on the sale. Just a thought.

Maybe. It mentioned property tax and I'd think sales tax is different. In fact, it seems that CA assesses an annual "use tax" on boats, and possibly your lawn mower too. :wtf

https://www.boe.ca.gov/proptaxes/pdf/lta10037.pdf