Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Real Cost of Owning a Boat

By Bloomberg Rankings - 2012-05-15T21:05:49Z

Photograph by Louie Psihoyos/Science Faction/Corbis

Company Symbol % Change
5 of 15


Taxes -- you can't get away from them. Or maybe you can. In Rhode Island, there's no sales tax on a boat. In Florida, boat dealers and brokers collect 6 percent sales and use tax, with a maximum payment of $18,000 -- but there's no property tax on boats. That's one reason many boats migrate to Florida from, say, South Carolina in the winter. In South Carolina, boats pay a tax equal to 10.5 percent of the boat's assessed value -- which is then adjusted for the county rate -- if the boat is in the state for 180 days or more. Anything less and there is no tax due.