Yes - It is all about the money for the state. A buddy of mine gave me an old snowmobile years ago which I would used primarily only on my property to check traps in the winter. I decided to register it as sometimes I would take a ride and leave my property with it...and to get it out of my buddies' name as he had had it registered in Wisconsin.
When I got to the SOS and told them it was given to me by a friend, they said it still had to have some value so they valued it at $100 and I had to pay $6 sales tax on it...plus the 3 year registration sticker for it, of course.
A few years into my charter business we decided to move the business into an LLC. Our attorney drafted all of the paperwork and I took the title to our boat to the SOS to transfer title to the LLC. Guess what? They wanted me to pay 6% sales tax on it again. I told them I already paid $9,000 sales tax on the boat when I purchased it. Didn't matter, I had to pay sales tax on the value of the boat again. Wasn't going there so I kept the boat in my own name to avoid the double dipping...