STEP ONE: Determine the appropriate fee based upon the length of the watercraft as follows:
Watercraft Length (in feet) | ||||
At Least | But Less Than | Fee ($) | ||
0 | 13 | 15 | ||
13 | 26 | 18 | ||
26 | 40 | 21 | ||
40 | 24 |
STEP TWO: Determine the appropriate fee based upon the value of the watercraft as follows:
Value ($) Greater Than or Equal to | Value ($) Less Than | Fee ($) |
0 | 1,000 | 5 |
1,000 | 3,000 | 10 |
3,000 | 5,000 | 15 |
5,000 | 10,000 | 20 |
10,000 | 25 |
STEP THREE: Determine the sum of the STEP ONE amount plus the STEP TWO amount.
Class | Boat Value When New | Fee Due | |
At Least | But Less Than | ||
1 | $0.01 | $500 | $15 |
2 | 500 | 1,000 | 15 |
3 | 1,000 | 1,500 | 20 |
4 | 1,500 | 2,000 | 20 |
5 | 2,000 | 3,000 | 20 |
6 | 3,000 | 5,000 | 25 |
7 | 5,000 | 7,500 | 30 |
8 | 7,500 | 10,000 | 30 |
9 | 10,000 | 15,000 | 35 |
10 | 15,000 | 22,500 | 40 |
11 | 22,500 | 35,000 | 45 |
12 | 35,000 | 50,000 | 50 |
13 | 50,000 | 75,000 | 55 |
14 | 75,000 | or more | 60 |
each year.
IC 9-18.1-14.5-6