WakeWorld - Property/Luxury tax question!!!

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I own a 2003 X2 that I purchased a year and a half ago. It came with current registration stickers on it. I bought the boat through a private party. I just got my CA DMV renewal and it mentions the property tax thing. I live in Alameda county and have not received a bill in the last year and a half. How long does it usually take them to send out the bill?

Call your counties assessors office / marine division. In Sacramento county it is due every July. Every 30 days late they tack on a fee. I would call and not wait. You will not be able to register the boat until you pay the tax. I only know this from experence though.

I was late this year - I completely forgot about it and the late fee was about 20%.

I moved and now I have two counties fighting over my taxes! Even though I paid the county I'm currently living in my old county has placed a hold on my registration for not paying them too! This sucks! What a pain in the butt!

As soon as you put it in your name and address, another words when you pay the renewal, or transfer into your name, they will have you in the system and you will get a bill the following year. Even though it came with current reg, you're still supposed to put it in your name right away. I'm guessing you didn't do that?

depending on the county it runs about 1% of the assessed value of the boat.

No Sparky Jay, I transfered it into my name the day after I bought it. I'll do a Google search for Alameda county and make a call tomorrow. Jesse

Once you register with DMV, they notify the county. They go by who owns the boat as of January. Then you usually get billed in July. So if you happen to sell your boat in March, you will still have to pay!

My buddy got his in the mail not to long ago from Contra Costa county, but he lives in Alameda County, go figure that one out? At first i thought it was the selling dealers locale but no that was Solano county! So how did Contra Costa get involved? Fricken crooks!

ahhhhh Kalifornia, so much happiness, so many taxes.

Even with all those taxes the state still has no money. Just send them an IOU. hahaha.

They go by owner as of Dec 31 and bill in July. Depending on when you bought the boat, the previous owner might have to already pay on of the tax assessments. That happened to me, once. Sold a boat in March and still got a property tax assessment in July, and had to pay. Friggin rippoff!!!

Hey Shane, let's compare California property taxes to Texas' property taxes.

Sure.... Mark right after we compare unemployment rates, property cost, cost of living, gun laws, Fortune 500 HQ's and just basic freedoms. Trust me there is no comparison. Carry on. Kalifornia is self fufilled destiny of fail if things continue, which is sad. I love NoCal, but would never live there until the political climate goes back to normal.

Markj - Shane also left out the comparison of State income tax. Texas = 0

Ok, so I have seriously been considering moving to the Sac area for the last couple of years. One of my concerns is the amount of taxes people pay in cali, can anyone give me some sort of idea on what percentages they pay in taxes? ie, Income tax, property tax, registration fees, tax on a new or used car, and do you really pay a 1% luxury tax on a boats assessed value yearly? Love NorCal, have a lot of family in the bay area and spend a lot of time there, was just there for the 9ers vs rams game, but hesitant to make the move because of tax issues and the tight regulation of guns, (would have to get rid of half my guns because they are not cali approved.)

California taxes? Well for every dollar you make you have to pay two dollars in taxes! lol Still don't know how we do it? I have lived in California and in Pennsylvania and visited everywhere inbetween and while California has got to be one of the most expensive places to live in the world its also one of the best places to live! In any given day I'm less then half a days drive to go wakeboarding, snowboarding, surfing, to a major amusement park you name it its all right out our front door. Something that can't be done most other places. I wish it was more affordable but thats just not in the cards for us. Growing up here you learn to live with it, I can see how it would come as a shock or be a hardship for anyone trying to move here.

Hey there, I live in Riverside County Ca., and have been wondering why I havn't been hit by the luxury tax in two years. I called a friend (who has owned his boat for 6 years now) and he said it is because our boats are paid off, or were bought with cash. Neither of us could figure out a good explanation or reasoning for this, but I bought my boat with cash, and have never been hit with luxury taxes, and same with him for 6 years now. Anyone else heard of this? Or are we coincidental mistakes by the government?

I'm not sure about Riverside County, but in LA County the Tax Assessors office gets their info from the DMV. The DMV sends the list to the TA office and they send you the bill. Brandon

This reminds me of the Monopoly game. It always sucks to land on Luxury Tax square. I'm still waiting to pass go.

Luxury tax is only assesed when you purchase certain vehicles totaling over a given amount in california its not a recurring charge. Property tax on the other hand is a recurring charge! I paid cash for my boat and get hit with property tax every year so if thats what your talking about and your not having to pay property tax then i'm jealous big time!

Ca GDP is more than 50% greater than Texas (#2 GDP) and the third state which I which one that was (it was third so who really cares). Ca has a huge budget problem but if you stay informed there are now more than 23 others states that are now 20 Billion plus in the hole, so Ca is not alone with money problems. Having just moved back from Wa to Ca I call tell you Wa is more expensive than Ca except of course the Bay area. Texas is a great state but not that when you have people dieing every year because of the heat! I do wish we could past this "be nice to criminals BS" and just start using the chair for what it was made for, Texas does get that right! yes they do have better guns laws also. If you think taxes are a pain in Ca go live in Va and you pay a property tax on alomost everything you own, now thats called getting "JACKED"!

kenny with such a massive GDP, shouldn't you have a higher standard of living and the state being in great shape?<img src="http://www.wakeworld.com/MB/Discus/clipart/biggrin.gif" border=0> Why does Texas have a surplus? Didn't you guys just sign into legislation to register to buy ammo?

Well for all the what state is better bashing and debating, read the latest Time Magazine. The cover story is 'Why California Is Still America's Future (and that's a good thing too!)' My favorite line is when the writer says "It's expensive and crowded-because people still want to be there!" You also mention the GDP of California, our GDP is actually twice that of texas, basically if we succeded from the United States we would be the 6th richest country in the world! Texas if it succeded wouldn't even make the top 10! You'd be close. lol 12th place, right behind Canada! I know what your going to say, but there's more people in California then Texas! It's true there are more people here but not twice as many! In fact there's just roughly 30% more! So you'd have to add about 20 million more people or 80% more, so basically double your population, man those lakes are gonna get crowded! lol In closing the best indicator of how great a state is comes down to one factor. If you live there and enjoy living there, you live in the best state in the union no matter what state that is! Of course California well still rank 6th in the world GDP sorry texas! lol

What's that thing called that terrorist do to planes??? Anyways, I paid and renewed my 2010 registration and just got my 2010 sticker. I've still never got a Luxury tax bill. I spoke with a couple other guys who outright own their boats, and they have never paid luxury taxes also. Does anyone in Riverside County California, pay luxury taxes? Is there anyone else in any other countys in California that don't pay luxury taxes?

Bu, it not called luxury tax. It is "unsecured property tax", and is assessed by the county tax collector. Possibly Riverside has no such tax, maybe just call your county and ask? I have been paying 1% per year of a boats assessed value here in Orange County for over 30 years <img src="http://www.wakeworld.com/MB/Discus/clipart/sad.gif" border=0>

I recently paid my vessel registration for my four vessels at $20.00 each for two years. This is printed right on the CA DMV renewal form under PROPERTY TAX LIABILITY: "Unlike vehicle registration, vessel fees do not include personal property tax payments. The assessor of the county in which your vessel is principally kept may assess this tax directly. DMV will refuse vessel registration if notified that the property taxes are not paid." Bu, it says "may" assess. If you keep your boat in Riverside, it sounds like either Riverside County has no such tax, or your county assessor is just lazy...

Funny stuff. Don't find many people moving to Kali from Texas, lots of the opposite. However, I would prefer you keep those people who are ruining your state. Keep up that trend of losing Fortune 500 companies, mix in wacko enviro policies and the socialist tax policy, public sector unions, and the trend of recent problems will continue for Kali. Email in 10 see how your standard of living is compared to mine.

Shane, you're right. It's horrible here. Everyone is going bankrupt here too. No one can find a job either. Keep drinking that "kool-aid".

Mark no kool aid here, I like Cali. Plenty of friends there, and they a lot of them have been out of work for a long time, some are moving some are not. I base on where I live, on freedom, i.e. guns and taxes. YMMV, enjoy, I am sure more taxes are on their way.

shane, yes there are many problems with the state and it all starts with the greed in the goverment, but show me a goverment that is not in it for themselves and I will gladle to let you continue to sleep in and living the dream. lol

I missed the state of Texas pulling this crap, but I am sure it can be explained. California to withhold a bigger chunk of paychecks The amount goes up 10% on Sunday as Sacramento borrows from taxpayers. Technically, it's not an income tax increase: You'll get the money back eventually. <a href="http://www.latimes.com/business/la-fi-state-tax31-2009oct31%2C0%2C2028140.story" target="_blank">http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story</a> By Shane Goldmacher and W.J. Hennigan October 31, 2009 Reporting from Los Angeles and Sacramento Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners –– holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear. Technically, it's not a tax increase, even though it may feel like one when your next paycheck arrives. As part of a bundle of budget patches adopted in the summer, the state is taking more money now in withholding, even though workers' annual tax bills won't change. Think of it as a forced, interest-free loan: You'll be repaid any extra withholding in April. Those who would receive a refund anyway will receive a larger one, and those who owe taxes will owe less. But with rising gas costs, depressed home prices and double-digit unemployment, the state's added reach into residents' regular paycheck isn't sitting well with many. "The state's suddenly slapping people upside the head," said Mack Reed, 50, of Silver Lake. "It's appalling how brash that is." Brittney McKaig, 23, of Santa Ana said she expects the additional withholding to affect her holiday spending. "Coming into the holidays, we're getting squeezed anyway," she said. "We're not getting Christmas bonuses and other perks we used to get. So it all falls back on spending. The $40 gift will become a $20 gift." The extra withholding may seem like a small amount siphoned from each paycheck, but it adds up to a $1.7-billion fix for California's deficit-riddled books. From a single taxpayer earning $51,000 a year with no dependents, the state will be grabbing an extra $17.59 each month, according to state tax officials. A married person earning $90,000 with two dependents would receive $24.87 less in monthly pay. California will probably continue to collect the tax at a higher rate for many years –– or find an additional $1.7 billion to slice from a future budget, an unlikely occurrence. All workers who have state taxes withheld will see their paychecks shrink. "Many families are sitting at their kitchen table wondering how they're going to make ends meet," said state Sen. Tony Strickland (R-Thousand Oaks). "At the same time, the state of California is taking a no-interest loan." The provision is one of numerous maneuvers state lawmakers and Gov. Arnold Schwarzenegger approved in the summer to paper over the state's deficit. Many of the changes, including the extra withholding, were little noticed outside of Sacramento. Savvy taxpayers can get around the state's maneuver by increasing the number of personal withholding allowances they claim on their employer tax forms, said Brenda Voet, a spokeswoman for the state's Franchise Tax Board. "People can get out of this," she said, noting that most people would have to change their allowances through their employers. California's budget leaders are banking on the hope that most won't. The increase is coming at a bad time for store owners, many of whom depend on the holiday shopping season to keep their businesses alive. "I don't think there's any question it's going to impact consumers' spending," said Bill Dombrowski, president of the California Retailers Assn. "Any time you reduce people's disposable income, there's going to be a negative effect on the retail sector." But Stephen Levy, director of the Center for Continuing Study of the California Economy, wasn't so sure. "It's having a relatively small impact on people's income," Levy said, pointing out that many families will receive only $12 to $40 less each month. Yet Erika Wendt, 28, of San Diego said she already lived on a tight budget: She rides her bike to work, for instance, to save on gasoline and parking costs. "I am frustrated as this directly impacts my weekly budget –– what groceries I buy, how much I drive and can spend on gas," she said. "Now money will just be tighter, and I'm not sure where else I can cut back." The extra withholding comes in addition to tax hikes the state enacted this year. In February, state income tax rates were bumped up 0.25 of a percentage point for every tax bracket. The dependent credit was slashed by two-thirds. The state sales tax rate rose 1 percentage point. The vehicle license fee nearly doubled to 1.15% of a car's value. Lawmakers and the governor also approved deep cuts to schools, social services and prisons to fend off one of the steepest revenue losses in California history. Temporary budget bandages, such as the increase in withholding, were included at several points this year to avoid higher taxes and deeper cuts, said H.D. Palmer, a spokesman for the state Department of Finance. Sacramento, meanwhile, is awash in red ink again. The state controller recently said revenue in the budget year already had fallen more than $1 billion short of assumptions. Outsize deficits are projected for years to come. Such temporary measures as the withholding tax increase don't really fix the budget gap, "they just more or less hid it," said Christopher Thornberg, a principal with Beacon Economics in Los Angeles. "I call it a fraud."

Shane looks like Texas has its problems too! Big shooting at Fort Hood, 7 killed and 12 injured! You can keep Texas!