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In Arkansas, you don't pay tax on a used vehicle.. Sam got his sales tax when it was first purchased..What a concept !! you go Razor Backs !!
Maybe some of you guys can answer this. I am thinking of buying a new bike here in California and will be moving to another state (don't know which one yet) and I have been looking at other states and they have "vehicle assessment tax" or "property tax" on the bike. So, essentially I am paying the tax/registration here in California ($2,000 on a $20,000 bike). As far as property taxes go, they are paid every year here in California for homes but the "use tax" for the bike is a one time payment. What about other states? Do you have to have your bike reassessed every year in order to get new plates? I am looking at Arkansas, Missouri, Tennessee, and North & South Carolina. Any of you guys from those states that can shed some light on this? Thanks
In NC you will pay yearly property tax on all registered vehicles. You dont have to have the vehicle assessed, they have a value table based on just make/model/year... you pay what they think the value is.
I have the title and signed the back, oddly enough i went to my state dmv site on FB and the guy must be a biker as i sent a pvt msg, no names of course and he wrote back twice, I have to pay the tax, but dont have to register it, if we do the swap and no money chnages hands, the dmv clerk looks up the bluebook value and we pay taxes on that amt...Ill see what happens..Thanks for the reply
holy cow, that sounds like something California would have.
In WA state you can write "Gift" in the spot where you're supposed to write the price and pay very little to license a used vehicle. I've done this quite a few times. No eyebrows raised at the DMV when I did. My friends do this too.
Mayor of BBQ, on your Ambo and your Breva what percentage is the property tax and do they go by the Nadaguides to formulate the value?
It's my understanding that in states where they assess personal property tax on vehicles yearly they also asses much MUCH lower real estate taxes than states that don't asses personal property taxes.A quick look at Zillow gave me a real estate tax of $2-3k on a 2600 SQ ft property in Asheville. I saw similar numbers on a few Charlotte NC listings.Comparatively I've seen figures on similar valued/sized homes in PA more around $8k/year and NJ more around $10-12k/year. PA and NJ both being states in which I've lived that don't asses personal property taxes annually on vehicles.
Kev - You're point is not lost on me: The government is going to get their share no matter how they split it up.In NJ my property taxes were more than twice what I pay up here in Massachusetts. Yet when I moved up here people referred to it as "Tax-achusetts". Well, they just tax more items at a lower rate... same total $, just spread across more individual 'taxes'.Your state has low/no sales tax? Your real-estate taxes will be higher than the states that have 7-10% sales tax.Your state charges some type of annual use/excise tax on vehicles? Your real-estate taxes will be lower than the the states that don't.They'll get your $, one way or another.
More or less agreed, but I'm pretty sure there are states that overall tax a LOT less (TN from TwoWheel's example, and NC doesn't seem to be making up the difference in NJ real estate taxes elsewhere).Here in NJ we've got:* HUGE Real Estate taxes* A progressive income tax - we pay around 6.5%* A sales tax of 6.625% (excluding only non-preparred food, household paper products, medicine, and clothing, yes this tax includes vehicles upon initial registration minus trade value if through dealer)* A tax of 50.7 cents a gallon on fuel (4th highest in the country)There's more, but those are the highlights.In trade we have excellent road repairs. Granted there are plenty of bad roads, but when they come in to repair one they don't screw around, then grind, pave, and paint miles and miles a day at any one location. We have to get our cars inspected after they are 5 years old, and then only every 2 years, and only for emissions. Inspections are free and pretty quick at state drive through centers.We have done away with motorcycle inspections. The law states essentially that riders have the most to lose by not maintaining their rides and therefore they are on their own. But we pay for these things.
Well, the advantage if I bike here is that I am buying from a very reputable dealer just 5 miles away. So if I have any warranty issues I can have them resolved very quickly. Plus, I can break in the bike on roads that I know well. When I move and I have to pay a "use/sales tax" then, I will have to grin and bear it. One thing I have noticed is a lot of states have an historic vehicle classification which lowers the amount paid for registration etc. California does not have that at least to my knowledge. It is still $140 a year for the Ambo.
Definitely some states overall tax burden is higher than other states.Personally I prefer sales tax over property taxes. When I retire I can choose to not consume as much, but will still have to pay my property tax. They keep raising the value of property until many retired folks can no longer afford to remain in their homes.
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