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Annual Excise Tax on Vessels

Registered vessels 16 ft. or longer are subject to an excise tax.


  • Vessels used exclusively for commercial fishing
  • Vessels under 16 ft. in overall length
  • Vessels owned and operated by the United States or by a state, municipality, or political subdivision of the U.S.
  • Vessels owned by a nonprofit organization engaged in character building of boys and girls under 18 years of age and used solely for such purposes
  • Vessels owned and held for sale by a dealer

Excise tax is calculated at one-half of one percent (0.5%) of the fair market value of your vessel or the purchase price if it reflects fair market value. To view an excise tax schedule, visit