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windseaker
Deckhand

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USA
24 Posts
Initially Posted - 06/19/2013 :  13:12:37  Show Profile
what was the cost of a new C25 in 1987, tall rig swing keel, does any one know I have to pay indiana tax on the price of the boat when it was new.
windseaker
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Stinkpotter
Master Marine Consultant

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Djibouti
9082 Posts
Response Posted - 06/19/2013 :  15:49:17  Show Profile
I'd ask Catalina Yachts, so you have an "official" number. Indiana Revenue Services might not believe <i>us</i>...
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Steve Milby
Past Commodore

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USA
5906 Posts
Response Posted - 06/19/2013 :  15:50:43  Show Profile
That doesn't sound correct. When I kept my C25 in Indiana, the annual Indiana personal property tax was based on the boat's current value. If you recently bought the boat, the value was whatever you paid for it.

I suggest you go to a different registrar and ask them to explain how it is done, to verify whether the registrar is giving you correct information.

If it turns out that the registrar is giving you correct information, I believe the Catalina factory still has the original records for your boat, and can tell you, to the dollar, what the original purchaser paid for your boat.
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delliottg
Former Mainsheet C250 Tech Editor

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USA
4479 Posts
Response Posted - 06/19/2013 :  16:01:26  Show Profile  Visit delliottg's Homepage
Not particularly helpful for taxes in IN, but here in WA, you pay tax based on your purchase price of the vehicle (car, truck, boat, motorcycle, etc.), not the original purchase price. If you don't have a receipt, they look up fair market value and charge you taxes on that. If your receipt is unbelievable (not sure how much leeway they have in determining what's not a credible price), they'll charge you FMV tax anyway.
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TCurran
Admiral

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USA
588 Posts
Response Posted - 06/19/2013 :  18:15:14  Show Profile
Another reason to appreciate Florida....Steve's advice is pretty spot on.
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BCG-Woodbury
Mainsheet Editor

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USA
396 Posts
Response Posted - 06/19/2013 :  20:33:05  Show Profile
Is this for Sales Tax or Personal Property Tax? In CT we don't have PPT on boats but we do have Sales Tax (6.35%) which is paid when you register the boat and based loosely on Blue Book value but mostly on what you paid as long as you have proof like a cancelled check, etc.

Regards,
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windseaker
Deckhand

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USA
24 Posts
Response Posted - 06/19/2013 :  20:53:08  Show Profile
Thanks Brian, I had to pay sales tax when I brought the boat home to Ill. @ 6.8% when I registered But I am sailing in Indiana So I have to pay an excise tax on the original cost of the boat reduced by age up to 50%.
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windseaker
Deckhand

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USA
24 Posts
Response Posted - 06/19/2013 :  21:06:03  Show Profile
Tom, My boat is registered in Illinois. I don't pay personal property tax in Indiana. They get you with an excise tax if you bring your boat to Indiana for more than 20 days
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TCurran
Admiral

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USA
588 Posts
Response Posted - 06/20/2013 :  03:02:40  Show Profile
Wow...twenty days and only reduced up to 50%. FL gives you ninety days, then you have to register in FL, some folks vacation for more than twenty days. Is that a one time fee, yearly, or every time you bring the boat into the state for over twenty days? I know this doesn't help your question.

I looked to see if I still had any of my C25's paperwork because I'm pretty sure I had the original sales info, but no luck. Either gave to new owner, shredded it, or imagining things. Let us know what you come up with.
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Davy J
Master Marine Consultant

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USA
1511 Posts
Response Posted - 06/20/2013 :  04:19:42  Show Profile
My standard rig, swing keel, C25 was purchased on 5/8/1987. The closing statement shows the contract price of $16,100.00 with an addendum of $185.00.

At the time, Florida sales tax was 5% and the amount was $805.00.
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windseaker
Deckhand

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USA
24 Posts
Response Posted - 06/20/2013 :  05:31:09  Show Profile
thanks Davy that gives me a place to start
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windseaker
Deckhand

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USA
24 Posts
Response Posted - 06/20/2013 :  05:40:26  Show Profile
Tom thats every year you have to display a sticker on the boat or they pull you over.
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jimboryd
Deckhand

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USA
21 Posts
Response Posted - 06/20/2013 :  05:57:33  Show Profile
I don't know if this applies to sailboats or not, but powerboats can be registered with the USCG instead of any individual state, thus making them legal on any US waterways or territorial waters. I don't remember the exact amount, but it didn't cost a whole lot more to do it that way if memory serves. See if you can find a local Power Squadron or USCG Auxiliary in your area and ask them about it. If you plan to sail in more than one state's waters, this might be a lot cheaper option in the long run.
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Stinkpotter
Master Marine Consultant

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Djibouti
9082 Posts
Response Posted - 06/20/2013 :  06:45:53  Show Profile
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by jimboryd</i>
<br />I don't know if this applies to sailboats or not, but powerboats can be registered with the USCG instead of any individual state, thus making them legal on any US waterways or territorial waters...<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">You're speaking of "documentation", which can be done with power or sail. Some states (at least CT) still require you to pay sales tax and registration fees, even though you don't have to put the numbers on the hull of a documented vessel. To be eligible for documentation, the vessel must be at least 5 [url="http://www.qualitymaritime.info/Press/Guide_Tonnage_Simplified_0.pdf"]"net tons"[/url]--a calculation of volume. By my rough guesstimate, a C-25 measures somewhere between 4.5 and 5, so it might not qualify.
Edited by - Stinkpotter on 06/20/2013 08:00:34
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shnool
Former Capri-25 Tech Editor

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USA
1032 Posts
Response Posted - 06/20/2013 :  08:25:08  Show Profile  Visit shnool's Homepage
Wow what a whacky law...
http://www.in.gov/legislative/ic/code/title6/ar6/ch11.html
If I read this right, that puts you around $150/year

But yes you are clear if you register elsewhere, and keep it in IN less than 22 days. Remind me not to vacation there.
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windseaker
Deckhand

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USA
24 Posts
Response Posted - 06/20/2013 :  09:09:33  Show Profile
I found the original cost of "Leprechaun" was $14500.00 in 1988. the motor and trailer was extra. That calculates my fees at $87.00 per year,
excise tax $55.00
lake and river enhancement fee $25.00
DNR fee $5.00
out of state resident fee $2.00
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awetmore
Master Marine Consultant

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USA
1144 Posts
Response Posted - 06/20/2013 :  10:42:08  Show Profile
It's amazing how different the prices could be.

I had the original receipt for Lutra and it was about $20k in 1984.

It did have just about every option checked on the feature sheet (including self tailing winches, roller furling, real head, tall rig, poptop and cover, and other things).

alex
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Davy J
Master Marine Consultant

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USA
1511 Posts
Response Posted - 06/20/2013 :  11:00:57  Show Profile
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">It did have just about every option checked on the feature sheet (including self tailing winches, roller furling, real head, tall rig, poptop and cover, and other things).
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
My boat was about as stripped as you could get. And it still was, when I bought in in 2004. At least he got the pop-top cover....
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TCurran
Admiral

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USA
588 Posts
Response Posted - 06/21/2013 :  07:06:54  Show Profile
I guess $87 a year isn't too bad, it's just the principle. Good luck and happy sailing.
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