Boating at Marina Shores
($3.70 per $100 of assessed value)
Most cities charge personal property tax on personal watercraft based on the assessed value of the vessel. It is part of what most boat owners budget for when deciding to by a boat.
But, did you know, in Virginia Beach, the city does not charge boaters for personal property tax on boats moored in Virginia Beach for at least six months plus one day out of the tax year. Well, technically they do charge and here are the details.
“The personal property tax rate on “privately owned pleasure boats and watercraft used for recreational purposes only” was lowered for tax years 2001-2013 to one millionth of one cent ($0.000001) per $100.” – Commissioner of the Revenue, City of Virginia Beach.
If you are like most of us and own a slightly more reasonable watercraft, then you will not owe any money for Personal Property Tax for your boat.
Other Virginia Counties:
Goochland Co. = $4.00 per $100* = $2,000 per year
Chesterfield Co. = $3.60 per $100* = $1,800 per year
Hanover Co. = $3.57 per $100* = $1,785 per year
Henrico Co. = 20% of cost or MORE (depending on year of purchase)* = $10,000 per year
Deltaville (Middlesex Co.) = $3.50 per $100* = $1,750 per year
City of Norfolk = $0.50 per $100* = $250 per year
City of Portsmouth = $0.50 per $100* = $250 per year
*based on a $50,000 boat in 2012
2100 Marina Shores Drive
Virginia Beach, VA, 23451
Latitude = 36.9054, Longitude = -76.0658
Lat = 36 degrees, 54.3 minutes North
Long = 76 degrees, 3.9 minutes West
9:00 AM – 4:00 PM : MON – FRI
CLOSED ON SATURDAYS AND SUNDAYS
Memorial Day thru Labor Day
10:00 AM – 7:00 PM : MON – SUN (weather permitting)