We have a similar situation here in Connecticut as you do in North Carolina. But I believe that my
yearly real estate taxes are more at $8700.
From: Forward Look
Mopar Discussion List [mailto:L-FORWARDLOOK@xxxxxxxxxxxxx] On Behalf Of Jan & Roger van Hoy
Sent: Saturday, April 21, 2007
10:40 PM
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Subject: [FWDLK] property
taxes/old cars
Washington State had an initiative a couple years ago for $30 per year license
tabs, instead of the then current percentage of value. I voted against
it, because someone has to pay for roads, and it might as well be the guy with
a Hummer, new Jaguar, new SUV or expensive whatever. The initiative
passed overwhelmingly. The WA Supreme Court overruled it, but the
politicos could tell where their bread was buttered and re-enacted it.
The Dep't of Licensing then must have
stayed up nights thinking of ways to increase their revenue. We now pay
tonnage on cars as well as trucks. It amounts to about $18 yearly on a
compact car, plus the $30 tab fee.
Also, the fair market value is
established to pay sales tax on a new purchase, no matter what you paid.
If you don't like it, you still have to pay it, then appeal to tax court.
Myself, I don't have a problem with the
sales tax. [Here it's a one-time tax; does not effect renewal tabs.] If
you want to own a $50,000 vehicle you should be prepared to pay tax on
it. What bothers me is using a blue book or some such guide to establish
fair market value.
Another little money-grubbing matter;
dealer/ manufacturer rebates are not counted, even the ones that go to the
dealer; you pay tax on the full price.
Yet another dealers' association
back-scratching item; if you trade in a car to a WA dealer you only pay sales
tax on the difference, but if you sell your old car yourself you have to pay
full sales tax on the newer car purchase.
--Roger van Hoy, Washougal, WA, '55
DeSoto, '58 DeSoto, '56 Plymouth, '66 Plymouth, '41 Dodge
----- Original Message -----
Sent: Saturday, April 21, 2007 3:05 PM
Subject: Re: [FWDLK] property taxes/old cars
Once upon a time, Calyfornua taxing
system went as follows. You buy a new car and basically pay a 3 percent
registration rate plus their pound of flesh sales tax of over 8 percent.
Each year the car would depreciate some and the tax would decrease.
Therefore a really old car could go down in value to the point where your
annual registration fee could be quite modest, and if you should sell the car,
this depreciated value would carry to the new owner.
Some years back, some thieving, miserable
socialist decided this was not fair to the downtrodden and found a method
to extort another pound of flesh to support Caly's insatiable demand for monies
to fund more vote buying pet projects. Now when you sell your car,
the new owner must reset the clock to what he paid you for the car. So a
Corvette that sold new in 1967 for say 5,000.00 and was owned for 50 years and
now sells for 100,000.00 is annually taxed at a value of 100,000.00 to the
new owner and begins to depreciate from there until it is sold
again. And of course the buyer must pay over an 8 percent sales tax on
this 100k. Gets expensive in annual taxes to own an old car or 2.
And if you do not register it to drive it on the streets each year, you must
still pay an out of service annual tax. So the best deal now is
never to sell an older car to replace with another older car. Kinda curbs
the collector car trading market. And some wonder why many have contempt
for our politicos!
Oh Christ, I just gone and lost my head
again.
71 Corvette that I have owned 35 years
and 300 B that I have owned for 23 years. Might love to do some
trading around, but will not. What a way to run an economy!
----- Original Message -----
Sent: Saturday, April 21, 2007 5:45 AM
Subject: [FWDLK] property taxes/old cars
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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