In North Carolina an annual property tax must be paid on every vehicle. It
matters not whether the car is usable or licensed. . A special "book" is
kept in the state capitol which gives the local assessor the "correct rate" at
which to tax your old car. The book assumes every old car, including that
rusted out old Model A in the wood behind your house is a restored model. Appeal
is virtually impossible, as I stated in another post a few minutes ago. One must
go to Raleigh with a hired lawyer after filing a petition and formally present
your appeal to a tax appeal board. This is what I was told by letter when I
protested my tax bill.
As mentioned above, the tax is an ANNUAL one, and though it decreases
slightly each year on new cars, it increases on "antique" models.
I have many friends who "hoard" old parts cars "out back" that are in great
fear of the tax assessors finding their ":stash." Especially so since they have
begun using aircraft to spot these vehicles. North Carolina is NOT a tax
friendly state to homeowners or old car lovers. And yet each year I receive an
"invitation" to enter my 55 Imperial in the annual Christmas Parade. For free,
of course.
Oh yes-fail to pay the tax on that "junker" out back and they will refuse
to license your regular driver.
Ted ( who would get the h--ll out of here if someone would buy
his house!!)
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