Buying a Boat - Excise tax, sales tax, property tax???
Question for anyone who may have experience in this...
I am in the process of buying a new boat from a dealer in South Carolina.
I currently have residence in Florida, Georgia, and South Carolina - However, boat will primarily be used in South Carolina (Lake Keowee).
I have been reading on the SC DNR website and am getting confusing information regarding what fees/taxes I will be looking at paying.
If I buy a boat in SC and register it in SC, what fees am I looking at? I noticed the excise tax of around $500, and then property tax? Are both of those YEARLY taxes I would need to pay? Is the property tax based on a percentage?
Also, what would the sales tax be on the boat?
Thanks for any input!
Craig
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