Planecrazy:
The slip rates keep going up because of the taxes and fuel costs. The tax rate for commercial marine properties is insane, it is just another way they are taxing you, the final consumer. My taxes eat up 50% of my slip revenue. Every year they increase 8-10% which means I have to raise my rates 5% a year just to keep up. My energy costs have doubled in the last 5 years.
The slip rates keep going up because of the taxes and fuel costs. The tax rate for commercial marine properties is insane, it is just another way they are taxing you, the final consumer. My taxes eat up 50% of my slip revenue. Every year they increase 8-10% which means I have to raise my rates 5% a year just to keep up. My energy costs have doubled in the last 5 years.