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Appeals hearing: officer upholds assessor’s vessel valuation; penalty abatement left for written ruling
Summary
The hearing officer ruled that sales tax and related acquisition costs are part of a vessel’s fair market value and declined the taxpayer’s valuation appeal, while reserving a written decision on a requested penalty abatement after the assessor recorded a late property statement.
At a Feb. 23, 2026 Ventura County appeals hearing, the hearing officer held that sales and use taxes are part of a marine vessel’s fair market value and declined the taxpayer’s valuation challenge. The officer said the assessor’s use of the contract total (including sales tax) complied with Property Tax Rule 10 and applicable case law.
Assessor appraiser Michael Gillinger explained the assessor used the purchase contract and standard valuation guides (e.g., NADA/BoatBlue) and then…
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