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Understanding the Georgia Boat/motor Luxury Tax #18070 01/08/16 05:07 PM
Joined: Jul 2011
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Bob Smith Offline OP
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If you own a boat/motor that is valued at $7500 or more, it is subject to a luxury tax. The milledge tax rate varies from county to county. It is .0282 here in Bartow county.
They assess the tax based on 40% of the current NADA or Blue Book value of the boat, each year. If you own two boats/motors the combined blue book value of both boats is assessed for the tax. If your boat is valued at $24000, 40% would be $9600, then applying the .0282 rate the amount would be $270 for this year.
Hope this helps, I agree it sucks!


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Re: Understanding the Georgia Boat/motor Luxury Tax [Re: Bob Smith] #18071 01/09/16 02:42 AM
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Brother Bill Offline
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When did they start that??? That's a lot of B.S.


"Brother" Bill from Tennessee

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Re: Understanding the Georgia Boat/motor Luxury Tax [Re: Brother Bill] #18072 01/09/16 03:44 AM
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Bob Smith Offline OP
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It's always been that way. I had to pay the tax until my boat aged enough that they quit sending me the form.


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