So I just renewed my tag, and in the State of Kentucky it goes by the value of your car.

Vehicle value as of January 01, 2011 is $ 7,900.00

 

Since I typically keep our vehicles long enough to either pass them down to our daughter or donate them to charity, I'm not concerned about vehicular property value in our stable. In fact, the lower the value according to the state of North Carolina, the lower my annual property tax on them. So think of it in those terms, and cheer up. If you keep the car long enough, it won't be an issue....

 

Ouch!

I look at it as being no different than the assessed value of a home (which in truth it is). Property assessments are technically mass appraisals irrespective of individual property characteristics based on formulas, logarithms and statistical testing. As individual characteristics are not considered, it is not indicative of market value.

Minnesota uses the base value of the car ($58,330 for the R) and applies a lower multiple each year. Last year my tax was $345; this year is going to be around $245. I haven't taken the time to derive an implied value, but I bet it hurts just as much.

 

I'm in the camp of keeping a car until it's fully depreciated. I sort of count on decreasing values to make my annual property taxes lower.

 

You think auto depreciation as indicated by a reduced license fee is a bummer?

Try having your property tax reduced by 60% like I did last year.

Hint. It wasn't because the government in California suddenly got more efficient.

 

Mike, appreciate the $7900 on the STR, as it means less tax.

 

I wish mine was that low for tax reasons. They must screw us in NC cause they valued mine at 15500.

 

I bought mine because it was far cheaper than an M5 or E55, and I plan on driving it into the ground. I drive a whole lot from West Palm Beach to Miami as I file a lot of lawsuits there (I work as an attorney) but live in West Palm. I bought this car to slap on miles without cringing everytime I do so I am not concerned about resale. If it saves you taxes, then you ought to be happy!

 

I got my tags and the Property Tax office saw it was an STR and based mine off of the standard S-Type which came out to $248 for the year.

 

The only time we're taxed on an auto in NY is at DMV after purchase.

 

Every time it is resold the government reaches into your pocket... so you wonder why cars don't last too long - They want you to keep replacing your vehicles so as to keep the cash cow running... So much for ecology and resource management. I can understand the concept of progress and product improvements. But really, built in obscelescence just to oil the mass production machine!

 

Thankfully no personal property tax here in Oregon. I have never understood how they charge you for the money you make, sales tax on the vehicle and then the yearly tag fees. And then they continue to tax you on top of all of that? WTF?

 

Governments of all levels keep on finding new programmes to fund that you absolutely *need*, in their not so humble opinion. They add those on top of the programmes they have already managed to boondoggle that require continuued, expanded funding.

It's not the politicians, it's the entrenched bureaucrats. Very tough for a newly elected official of any stripe to take full control when there is a 20+ year veteran of the senior bureaucracy in place that wants to featherbed. Bureaucrats have successfully ignored multiple administrations as they come and go. They look at it as just a change in weather.

Take a look at the British sitcom, "Yes, Minister". It's funny because deep down people realise that it really is the way things work. Unfortunately, the real life results are not quite as funny.

 

Eeek, property tax on the assessed value of your vehicle? Don't give these monkeys in Springfield, Illinois any bright ideas. Thankfully, the charge is only $100 for yearly registration renewal.

 

36 dollars for registration in PA for 1 year

 

I sure hope PA Dep of Rev never gets on to this. I would have to sell a lot of stuff or go bankrupt! Bad enough paying taxes on 2 houses a garage and the property. The school tax is the worst and closest thing I have to a kid is Laurie's daughter and she dropped out.

 

Thank GOD for Calif. Prop 13.....

 

WoW! I thought it was bad here in ny!

 

$65 a year in Texas. 2005 STR
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$368.00 to re-register here in Hawaii.