How Much Is Sales Tax On A Boat In Florida? [Cost Comparision]

What Boat Buyers Should Know About Florida Sales Tax

If you are looking into the costs of purchasing a boat, you are in the right place. Taxes are an inevitable cost to factor in when budgeting your boat purchase.

Sales taxes and caps vary in each state. Some might be a little more and others a little less, but Florida has a flat sales tax rate of 6%. Depending on which county the boat is delivered to, Discretionary Taxes come into play.

Those prices range from 0.5%-1.5%, but cap at $5,000. If you are looking into a superyacht purchase, the cap for sales tax in Florida is $18,000.00.

A few other popular boat-buying state’s taxes are:

California: Varies between 7% to 9% on purchase depending on homeport, plus personal property tax may also be due. Find your CA Rate by address or by location.
Connecticut: 2.99%
Delaware: 0%
Florida: 6% state tax plus 0.5% to 2.5% surtax on the first $5,000. Find your FL surtax rate here.
Illinois: 6.25%
Maryland: 5%, with a tax cap of $15,400
Michigan: 6%
North Carolina: 3%, with a tax cap of $1,500
New Jersey: 3.5%, with a tax cap of $20,000
New York: Varies between 8% to 10% depending on homeport. Find your NY rate here.
Rhode Island: 0%
South Carolina: 6%, with a tax cap of $500
Washington: 10.1% primarily, however, some cities may be less.

Contact your Denison broker today for a more accurate estimate on your boat’s sales tax.