Andy,
I does make $'s and cents in SC. We pay annual Property Tax. Because it has a berth, a head and a cooking surface it qualifies for the "second home tax" which is still assessed @ 6% Vs. 10+% for non-second home boat.
Hi Antidote, thank you; I understand, and agree with you; I should have been more specific about Federal Documentation, and the differences in how it works in different states.... (explained near the bottom of this rant ☺).
In fact, I lived in Greenwood SC in the 1970's and had a boat on Lake Greenwood. I was shocked when we moved (us and the boat) back to North Carolina. It was nearly impossible to make the transfer. Back then, South Carolina required a 'title/license/registration for the boat. SC also required a separate registration/title for the outboard motor (that was a new one to me!). And, on top of that they did NOT require any title/license/registration for the trailer! Making all this work and transferring it all to North Carolina was a real challenge (aka pita) back then.... Different states; different circumstances...
I mentioned all this to reinforce your comments...
Our last two boats were Federally Documented, and with the initial cost of the documentation process (I believe around $300.00 back then), and the fact that we had the last boat for 28 years, as you pointed out it was WELL worth the money and effort to pay the documentation fee, as NC did not, back then, require State numbers/registration, if the boat were documented. (we did not have to pay the yearly state registration money so we were far ahead of the game money-wise). North Carolina changed 'the rules' for the last three years we had that last boat, and started requiring documented boats to also PAY for state registration (one more way to reach deeper into the tax payers pocket)... They required the paid-for registration 'sticker' to be on the boat, but not the numbers.... In essence I (and everyone else I knew said ' s _ _ _ _ them',) refused to pay for the state registration. I knew I was selling the boat, and simply refused to comply... (I wonder if there is a statute of limitations on such?... I might hear a knocking on my door ☺) So as you mentioned, there are places and circumstances where Federal Documentation makes sense, if for nothing else, not paying both Fed Doc, and annual State Registration.... And factoring in the 'Second Home' issue, makes even more sense in some places depending on the tax status