Relax guys!
There is alot of people that are in programs depending on you.[Coffee]
Printable View
Relax guys!
There is alot of people that are in programs depending on you.[Coffee]
Was it around $318?
joe
ill be in the flat $3 next year [Beer]
This is how it works.
"Specific Ownership Taxes
These taxes are based on the year of manufacture of the vehicle and the original taxable value which is determined when the vehicle is new and does not change throughout the life of the vehicle.
Ownership tax is in lieu of personal property tax. Vehicles do not need to be operated in order to be assessed this tax.
The ownership tax rate is assessed on the original taxable value and year of service
Original taxable value is 85% of manufacturer's suggested retail price (MSRP).
The annual specific ownership tax is based on the year of service."
They prorate the tax based on the years of service.
After 10 years of proration it is a flat fee.
So the tax is reduced every year until your car is 10 years old, then its a flat rate. But the tax is based off of the original value.
yeah
You got taxed sales tax on whatever you paid. (the paperwork that comes from the dealer). So if you paid 15k, you get to pay sales tax for whereever you live on that 15k
then the registration tax is whatever it is for a 2008 ford escape.
weight and value have big effects on it as the formula posted earlier shows. Big SUV's get hammered.
but it goes down pretty quickly.
Just did that at the DMV yesterday....OUCH....it was an extra car payment. I think Colorado just voted to keep our fees high... Thanks TAXORADO! A couple of years ago my truck hit the ten year mark. I had a great low registration fee. The this year Ritter raised the fees. That small flat fee for an older vehicle wasn't so small.[Rant1]
I used to buy new vehicles (I did it twice, anyway)... but forget it, I'll spend the $$ to rebuild a classic before I'll buy new with the tax rates like this... but more than likely, I'll just keep driving my '99 and older vehicles until they die, then put another engine/transmission/ etc into them to keep them going..
There are ways to get modern features in older cars now (fuel injection,etc), so you can get newer car reliability in a classic... for a daily driver.