Supra property tax outta control.

[Matthewstorm]

Has anyone else had the property tax on their Supra explode higher? I just got my registration renewal in the mail and it's over $150 higher than last year when the car was brand new. That's insane.

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[baagel]

inflation

 

[decodeddiesel]

Has anyone else had the property tax on their Supra explode higher? I just got my registration renewal in the mail and it's over $150 higher than last year when the car was brand new. That's insane.

Yup, I got blasted this year. $1100 in property tax on my Supra which is entirely separate from registration fees.

 

[razorlab]

Laughs in NY.

 

[JTN]

Several state laws base the valuation of the car for tax purposes on current blue book values, and when those values spike like they did in the last few years those tax valuations also spike.

The taxes on our cars here in Missouri spiked last year due to this. In the case of our oldest car the tax amount more than doubled.

 

[M4-NYC]

Laughs in NY.

This is what I was thinking. Saying to myself, "what the hell are these people talking about?"

 

[KKP_Jay Phantom]

Ppl pay property tax on cars?? Baffled and confuzzled.

 

[M4-NYC]

Move out of these garbage states. Problem solved

 

[suicidaleggroll]

Several state laws base the valuation of the car for tax purposes on current blue book values, and when those values spike like they did in the last few years those tax valuations also spike.

That sucks, I wonder why they decided to do that. Colorado's is based on the age and original MSRP, so it can only go down from year to year regardless of what the used market does.

 

[JTN]

That sucks, I wonder why they decided to do that. Colorado's is based on the age and original MSRP, so it can only go down from year to year regardless of what the used market does.

I can only assume that someone in the legislature was upset that the depreciation in value of vehicles wasn't the same in the "real world", but the tax assessment system was claiming it was. One camp probably saw it that they were being over-taxed because the state didn't utilize industry valuation tools, while the other side probably thought they could gin up higher taxes from the rich and their higher value vehicles.

At the end of the day I guarantee you they didn't think of a scenario where all vehicles no matter what or how old suddenly grew in value causing everyone from all walks of life to pay higher taxes. They won't actually STOP it mind you.

 

[FuzzyRev]

Laughs in NY.

Tries to laugh in WI but mouth is full of beer & bratwurst

 

[MYA90SUPRA]

Move out of these garbage states. Problem solved

No people need to vote in better people and or run themselves and create better change.

 

[MYA90SUPRA]

Yup, I got blasted this year. $1100 in property tax on my Supra which is entirely separate from registration fees.

What are registration fees like? Are they low like 50 dollars or is it like 800 or something like that?

 

[Evolution]

Living in CA doesnt seem so bad now... My registration has gone down $50 each year so far.

 

[MisterSkiz]

Illinois charges 7.5 Sales Tax on cars, and then you pay 151.00 dollars a year to keep your car registered by getting a new sticker to put on your plate - no yearly assessment on your vehicle.

I am paying 15,500 (yes fifteen) dollars yearly property tax on my 3 car garage, 3k sqft home though....

From what I see in NC - its 3% sales tax, then ~28 bux for a sticker, then X amount of dollars a year based on the value of the car.

With that being said I bet you my same house in North Carolina would probably be 4,000 dollars a year or so.

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