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PTLG Table of Contents > Property Tax Annotations > V > 860.0000 VESSELS > 860.0060

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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V

860.0000 VESSELS

Annotation 860.0060

860.0060 Valuation. The current fair market value of a vessel is measured by what it would cost to place the vessel in the hands of a consumer as of the lien date. Thus, charges such as sales and use taxes or freight charges should be included in the fair market value of a vessel, regardless of whether they were actually paid. C 11/24/2003.