If I buy a boat out of state, do I pay double tax?

Maybe Money Board can help

I would direct this question to the outdoor board...

You should have told them you're registering it in your state. Don't know how each state works, but when I bought a truck in Missouri, they asked if I wanted to register it there or in Arkansas. I said Arkansas, because you pay sales tax, but if did do it in Missouri then I would've paid registration and then got taxed in Arkansas.

However Arkansas pays personal property tax every year too which is bs in my opinion. Generally you will have to pay a transfer fee to bring it to a new state whether it be a tax, fee or registration

Here is what the MS Dept of Revenue site says:

I purchased a new vehicle in another state. What do I need to register and title that vehicle in Mississippi?

?When registering the vehicle in Mississippi, you will need to provide the title from the other state and an odometer disclosure statement. If the vehicle was not titled in the other state, you will need to provide the Manufacturer’s Statement of Origin.?


How much sales tax do I pay when I buy a vehicle?

?You must pay the state sales tax on any vehicle purchased outside Mississippi and on any casual sale of an automobile. The state sales tax rate is 5% and is based on the dealer’s selling price before subtracting any dealer's discounts and trade-ins. Tax on a casual sale is based on the assessed value of the vehicle as determined by the most recent assessment schedule.

If you purchase a vehicle out-of-state and it is first tagged in Mississippi, you will not be given any tax credit for any sales tax paid to the other state.?

LINK

The same site also has this re boats:

Does Mississippi register boats or watercraft? Boat trailers?

?Please contact the Mississippi Department of Wildlife, Fisheries and Parks (phone 601-432-2400) for information on boat and watercraft registration requirements in Mississippi.

Boat trailers are tagged as private trailers. When you register the trailer, you will need to provide proof of ownership such as the bill of sale, Manufacturer’s Statement of Origin (MSO) or title.?

I'd call DWF and see what they say. Maybe also ask the seller what taxes they charged. MS or FL? Will they remit to MS. Etc.


P.S.

Louisiana gives you a credit for tax paid in the state of purchase. LINK

Thanks for yalls help. They included 3100 in the financing along with registration fee of 175 dollars.

If MS sales tax is 5% on vehicles they may have just paid it for me then. Because the boat before taxes and fees was 62,000. Which 5% is exactly 3100 dollars

Florida sales tax is 6%, so if the math is 5% then it makes sense they did Mississippi tax. Given I've never bought a boat new, I thought you paid it at the time of registration? But maybe because you got it financed and it's such a high amount they throw it into the financing?

quote:

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new ski boat out of Florid

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What did you get?

I'm not rich i just really wanted a new boat. I do well for myself for a 26 yr old but far from rich. I'll be paying on it for quite a while

Nice! Surfs, up!