I have a question about boat taxes.. i am sure someone here has recently bought a boat and will have some insight..

if i read the department of licensing's website correctly.
there is both an excise tax to pay based on 5% if the fair market value and on top of that you have to pay the state sales tax unless you paod sales tax in another state... is that correct , this would bring the tax on the boat to 13%... am i correct here???