New Formula For Boat Taxes In Utah

Published online: May 12, 2006 News Soundings Trade Only News
Viewed 126 time(s)

Many boat owners in Utah are noticing a change in their property tax bills thanks to a new formula for calculating the fee.

 

In the past, fees were based only on the value of the boat. Now the formula takes into consideration the age and length of the boat, KSL-TV reports.

 

Some dealers said there were instances where boaters' taxes came down as much as $50 or $100.

 

New boat fees are set up in categories based on length. The categories range from under 15 feet to 31 feet and above. Each category also has a fee based on age, so the newer the boat, the higher the fee.

 

The changes were made due to inconsistencies in the way boat values were previously calculated.

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