METHODS OF DETERMINING TAX ON BOATS

MIDDLESEX COUNTY: (as of January 1, 2001)

 They use 80% of low BUC book value, then assess at 35% of that 80%. If boat cannot be found in the BUC book, they use the NADA Marine Appraisal Guide or the average retail at 35%. If boat cannot be located in the NADA, they use the ABOS book at 35% of high trade-in. Tax rate is $3.50 per each $100.00 of assessed value. Minimum assessment for a boat is $100.00 and minimum assessment for the motor on the boat is $100.00.

(The following are as of January 1,2000)

ESSEX COUNTY:

They use 90% of BUC book low retail. They assess at 50% of that 90%. Rate is $3.50 per $100.00 of assessed value.

GLOUCESTER COUNTY:

Boats under 5 ton:

Gloucester uses the NADA blue book. They assess at 40% of low retail. Their rate is $3.50 per 100.

Boats over 5 ton:

NADA book at 50% of high retail. Rate is $1.00 per 100.

KING AND QUEEN COUNTY:

King and Queen uses the NADA book low retail. They assess at 100% of value shown and the rate is $3.94 per $100.00 of assessed value.

LANCASTER COUNTY:

Lancaster uses the ABOS book, high retail. They assess at 100% and their rate is $1.52 per $100.00 of assessed value.

MATTHEWS COUNTY:

Matthews uses the BUC book. They add the high retail and low retail together and then divide to establish an average price. They take 10% off the average price and assess at 70%. Their rate is $2.14 per $100.00 of assessed value. Although their primary book is the BUC they use the NADA book if they cannot find a boat in the BUC book.

YORK COUNTY:

Under 5 ton:

York County uses the ABOS book low retail. They assess at 60% and their rate is $4.00 per $100.00 of assessed value.

Over 5 ton:

They use the ABOS book low retail, assess at 60% and the rate is $1.00 per $100.00 of

assessed value.