Quote:
Originally Posted by lakershaker
My seasonal dock in Alton is taxed. 6'x40' at $5,400. Which one is an oversight - yours or mine? If mine, I need to get to the tax assessor and get it changed!
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No oversight here. I've had a seasonal dock for 4 years and have no tax on it and never have.
They definitely should NOT be taxing you on what is truly a seasonal dock. I did a full assessment of all the properties on our island and only the permanent docks were taxed as they are actual full time structures with inherent full time value. I'd have the town reassess, although that can open a can of worms.
As others have stated, I don't have a permanent dock solely due to the yearly tax on said dock. The other associated costs add up quickly. If you have a new dock and its assessed at full value it could be assessed for $20,000 which would still only be ~$280 a year in Alton. Now add the ~$35 electric bill for the bubbler from Nov-March at a minimum and you are at $175. Maintenance is probably $50 a year or less, so your inherent cost per year is ~$500. Live there for 40 years and your bill is now $20K. That is a heck of a lot for a 7 month a year dock.
Don't get me wrong, I wish I had a permanent dock, but it wasn't in the budget when we got our place.