Beginning January 1, 2014, personal property in this category is appraised at market value as of January 1 and assessed at 11.5% for 2014, and assessed at 5% for 2015 and after.
Watercraft that meet the statutory definition can qualify for a prorated value if:
- Acquired or sold after January 1st AND
- The county appraiser is notified of the acquisition or sale on or before December 20th