City release page
Use this bill of sale when selling a yacht in Bloomington, Minnesota. It documents the transfer and helps you complete DMV title paperwork.
Create a compliant bill of sale and download the signed PDF immediately.
DMV / Title Office
Hennepin County Service Center – Bloomington
Address
1001 Plymouth Ave N, Minneapolis, MN 55411
Phone
(612) 348-8240
Office Hours
Mon–Fri 8:00 AM–4:30 PM
Title Transfer Fee
$8.25
Sales Tax Rate
6.875%
Base Registration Fee
$35.00
Minnesota motor vehicle sales tax 6.5%
Minnesota does not require notarization.
County Clerk / Recorder
Hennepin County Recorder
Phone
(612) 348-3191
The most common yacht makes in private-party sales are Sea Ray, Beneteau, Boston Whaler, Grady-White, Viking. Average private-party yacht prices range from $50,000–$500,000+. Yachts average 1 NHTSA recalls per model across categories including Fuel System, Electrical, Engine.
Before completing a yacht bill of sale in Minnesota, verify these safety items:
Yacht insurance is 1–2% of hull value annually. Agreed-value policies are standard. Navigation limits and crew requirements affect premiums. Yachts depreciate 10–15% per year for the first 5 years. Well-maintained vessels from premium builders hold value best. Peak season for private yacht sales is fall/winter boat shows drive buyer interest for spring delivery, with an average of 90 days on market.
Yachts are classified as "USCG-documented vessel (over 5 net tons) or state-registered vessel" for registration purposes. Yachts are classified by length overall (LOA), not weight. Vessels over 65 ft may require a licensed captain. Federal odometer disclosure does not apply to yachts.
Bloomington residents completing a yacht bill of sale should be aware of local requirements in addition to Minnesota state rules. The state sales tax rate is 6.5%, 6.5% motor vehicle sales tax (separate from general 6.875% rate). The most popular yacht makes in Minnesota include Sea Ray, Beneteau, Boston Whaler.
BillOfSaleNow has generated 1,371 bill of sale documents for Minnesota transactions, with 37 generated this month alone. The most popular vehicle type is car.
45% faster sale
Vehicles whose listings include a history report spend ~45% less time on site before selling, and report-viewers are 5x more likely to become a lead.
Source: Experian / AutoCheck
$4,000 avg loss
NHTSA estimates 450,000+ vehicles per year are sold with rolled-back odometers — the average victim loses about $4,000 in downstream repair costs.
Source: NHTSA
17.5M private sales/yr
About 17.5 million private-party vehicle transactions happen in the U.S. each year — roughly 47% of the used market.
Source: Cox Automotive 2024
1 in 3 buyers
Roughly 1 in 3 used-car buyers say they suspect private sellers are hiding mechanical problems — documentation closes that trust gap.
Source: JW Surety Bonds (n=3,000)
Bloomington is in Hennepin County. Title transfers are handled by the Hennepin County Service Center – Bloomington at 1001 Plymouth Ave N, Minneapolis, MN 55411. Hours: Mon–Fri 8:00 AM–4:30 PM. Phone: (612) 348-8240.
The combined rate is 6.875%. Minnesota motor vehicle sales tax 6.5%.
No. Minnesota does not require notarization.
Title transfer fee: $8.25. Base registration fee: $35.00. Sales tax at 6.875% is collected at the time of title transfer.