Post By: jdavis Posted: 6/19/2019 11:38:11 AMPoints: 48
I am looking to get a new boat from a dealership in another state. The dealership says they are not going to charge me taxes since the boat is for Colorado. Is this normal? Anyone else have experience with this? Thanks!
The out of state dealer won't collect taxes. You'll pay taxes on the trailer when you register it. The out of state dealer will give you 2 separate bills of sale for the boat and the trailer. See also: [log in for link]
We are just talking about what's collected. As to whether you owe taxes on the boat, you may want to talk to a tax adviser...
Vehicles that are registered via CPW and do not require a title, such as a boat, atv, snowmobile, etc are not taxed as they are not registered with DMV etc. only reason you would end up paying tax on the boat is if you wanted to trade it in to a dealer out of state that needed the title. You would then have to go in with the MSO (looks like a title) and get a title in your name for it. At that time you would have to pay tax.
If you someday sell it private party, you will not need a title in CO as they are not required.
I bought a new boat & trailer out of state. MN, last year. The other state did not tax either. The county clerk in CO called the dealer and asked what I paid for the trailer because the dealer didn't list the price of the boat and trailer separately on the bill of sale. I was taxed in CO only on the value of the trailer which was $2,000.00. I don't remember how much the tax amounted to.
Reply by: FXA0 Posted: 8/16/2019 9:02:45 AM Points: 165
Congrats on the boat! I would be careful about making statements online regarding not paying taxes. Hint: google "use tax in Colorado." Again, I am no tax expert. It's just better to be cautious. And that's all I have to say about that. :)