What price guides do appraisers use for boats in Idaho?
The three standard references are J.D. Power (formerly NADA Marine), the ABOS Marine Blue Book, and BoatWizard's SoldBoats database of actual closed sales. The guides use different methods and can diverge materially for the same vessel, so we cross-check them against documented comparable transactions rather than anchoring on a single report.
How is a boat valued in an Idaho divorce?
Idaho is a community property state, but courts divide marital property equitably rather than by a strict 50/50 formula, and valuation is typically based on fair market value near the time of trial. A defensible boat appraisal grounded in comparable sales gives both parties a common number to negotiate from.
What if the boat is no longer seaworthy?
Appraisers may shift to a salvage or residual-value approach, valuing the vessel as the sum of its salvageable components minus disposal costs. This method applies when restoration would cost more than the finished boat would be worth, and the report documents that reasoning explicitly so the conclusion is defensible.
Does Idaho tax a boat as personal property?
It does where the vessel is taxable and kept in the state. Idaho Code 63-302 requires the owner to deliver a signed and verified list of taxable personal property to the county assessor no later than March 15, after which the assessor sets market value for the property roll. If no list is filed, the assessor may list and value the boat according to their own judgment and information.
Is a boat exempt in Idaho just because it can be moved?
No. The transient personal property exemption in Idaho Code 63-313 is narrow and applies only under specific conditions; movability alone does not exempt anything. County guidance treats nearly all owned non-real property as taxable unless a specific statutory exemption applies, so a vessel moored or stored in an Idaho county for more than brief periods generally stays inside the assessment base.