Ask A Maritime Attorney: Can you explain the property tax allocation after purchasing a used boat?

Question: I bought a used sailing yacht through a California broker earlier this year. We used the California Yacht Brokers Association (CYBA) form purchase contract supplied by the broker, which called for the parties to check a box to pro-rate property taxes for the year. I have a few questions about...

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Ask A Maritime Attorney: Can you explain the property tax allocation after purchasing a used boat?

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