$565.34 This got me thinking...why are we doubled (and more) taxed on items such as vehicles? I mean, I paid 6% sales tax, registration/license fees etc @ the time I bought the car new in '04. Now just over one year later, I get a very large bill. I know many countries in europe base there yearly tax off of engine size. What is it based off of in the US? I would assume it's a percentage of the cars value. But then what percent, and whom derives the value? This bill of course arrived one week before the car insurance bill of $585 for the next 6 months.  It sure just isn't the cost of buying & maintaing the car...more expensive car = more expensive everything...bleh  |
| Reply » yikes, got the tax bill for the z4 |
Your state decides if and how much they'll charge.
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| Reply » yikes, got the tax bill for the z4 |
Quote: $565.34
This got me thinking...why are we doubled (and more) taxed on items such as vehicles?
I mean, I paid 6% sales tax, registration/license fees etc @ the time I bought the car new in '04. Now just over one year later, I get a very large bill.
I know many countries in europe base there yearly tax off of engine size. What is it based off of in the US? I would assume it's a percentage of the cars value. But then what percent, and whom derives the value?
This bill of course arrived one week before the car insurance bill of $585 for the next 6 months.
It sure just isn't the cost of buying & maintaing the car...more expensive car = more expensive everything...bleh | That's your local property taxes at work to pay for schools etc.
Everyone yaks about federal taxes, but the local taxes your town impinges upon you can be stifling - boats, cars, your house etc.
You can always move to a "cheaper" district where the "mill rate" (tax rate upon each dollar) is lower, ironically, this can often mean the wealthier towns.
Ed
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| Reply » yikes, got the tax bill for the z4 |
Amen brother. My personal property tax went to $1300 from $700 because I bought a new 330ci. (I have the same pothole up the street that I've had for 5 years though) Oh yeah, I couldn't get the sales tax rebate because I didn't sell my old car in 6 weeks...the new one was on a boat coming from Germany due to european delivery.
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| Reply » yikes, got the tax bill for the z4 |
Quote: $565.34
This got me thinking...why are we doubled (and more) taxed on items such as vehicles? | Is that an ad valorem (property) tax or your registration fee? I remember when a new 280SL Mercedes was $8,000 (1971). And when I bought my CL55 the sales taxes on it were more than that!
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| Reply » yikes, got the tax bill for the z4 |
Quote: | Is that an ad valorem (property) tax or your registration fee? I remember when a new 280SL Mercedes was $8,000 (1971). And when I bought my CL55 the sales taxes on it were more than that! | both i believe
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yikes, got the tax bill for the z4