For property tax purposes, Texas law requires that a dealer’s vessel, trailer, and outboard motor inventory is appraised based on the total sales of the dealer’s vessel, trailer, and outboard motors in the prior year.  Dealers must file with the county appraisal district a Dealer’s Vessel, Trailer, and Outboard Motor Inventory Declaration form listing the total value of the inventory sold in the prior year.  Also, the dealer must file with the county tax office a monthly form – Dealer’s Vessel, Trailer, and Outboard Motor Inventory Tax Statement – listing the vessels, trailers, and outboard motors sold and prepay their property taxes for each vessel, trailer and outboard motor.