How do you contest auto registration "tax value"?

[theGinsue]

So, about a month ago I helped my daughter buy a vehicle (she bought it, I just checked it out, worked the deal, and co-signed the loan).

It's a 2008 Ford Escape XLT. This was a lease vehicle and had 72k miles on it.

According to CarFax and NADA, the vehicle is worth $15k MAX. (She paid $15k before her trade in)

Today we received the state "your title is in" card declaring the taxable value of the vehicle is $21,239.

$21k+? Are you kidding me. I can buy a BRAND NEW 2011 Ford Escape for that much.

Of course, she will be charged the personal proterty tax portion of the auto registration based off of the $21k value unless we can successfully challenge this amount.

Does anyone know what the process is to contest this assessed value?

[HBARleatherneck]

it is 80% of the msrp. i believe. we just had this discussion on the colorado forum on the other site.

[Geology Rocks]

I was always under the impression that its not the current value or sale price but more the original taxable value, as in what Ford told the DMV the car is worth at the time of purchase with 0 miles. When I bought my STI new in 08 for $29,000 they said thevalue was $37,000. Not a good day at the DMV..

joe

[clublights]

it is 80% of the msrp. i believe. we just had this discussion on the colorado forum on the other site.

What's the " other" site? or can you post more info on this ? I'm curious

[Irving]

Fucking Colorado. I won't buy a new vehicle until they change. I'll likely never buy a brand new vehicle anyway, but now I'll just spend as little as possible.

[brianakell]

KBB ought to help knock down pricing Id think.

[theGinsue]

What's the " other" site? or can you post more info on this ? I'm curious

I believe he's referring to ARFCOM (ar15.com - not to be confused with CO-AR15.com)

[theGinsue]

Fucking Colorado. I won't buy a new vehicle until they change. I'll likely never buy a brand new vehicle anyway, but now I'll just spend as little as possible.

That's what we thought we were doing, but to be taxed on a 3 yr old vehicle with 72k miles the same as if the vehicle were new is pure theft!

[Geology Rocks]

That's what we thought we were doing, but to be taxed on a 3 yr old vehicle with 72k miles the same as if the vehicle were new is pure theft!

I did some digging..here ya go.

The ownership tax rate is based on the age of the vehicle from the date of manufacture. The ownership tax is calculated by multiplying the taxable value by the tax rate. (See Example #2 below)

Vehicle Age

Tax Rate

1st year

2.10%

2nd year

1.50%

3rd year

1.20%

4th year

0.90%

5th-9th year

0.45%

10th year and older

Flat fee of $3.00

Thats the % of charge based on the vehicles original value.

joe

[Geology Rocks]

full page if you want it....

http://www.denvergov.org/MotorVehicl...7/Default.aspx

joe