bad440
everything,all the time..
went and registered the car today,it;s been 3 years since it was registered.fees were 518.00 and change.when i bought the car the fees were 43.00 a year. i figurered 300-350 but no 518.00 what a scam
lol.lol.damn you.lolThats payback for you working in your shirtsleeves. LOL-Sorry that sucks!
Damn, all they are wantin you to do is scrap the car. That's stupid. But that's Kalifornica.
I can add WV
WV is a all vehicles are property tax also, you pay about 1% of NADA value per year.
They include everything with a title, 4-wheelers, off road dirt bikes, trailers, campers.
About everything taxed here, your property, house, dog, cat, etc.
But we have good schools, roads, and the state has been in the GREEN for many years.
I found it is best to title any vehicle within a couple of weeks of purchase, this way you provide pictures of as purchased, not restored, and they keep the taxes the same, actually depreciating them as time goes on.
What's the route for coming out of non-op? Or, wouldn't it have been less expensive to just pay the registration every year?
There was a question about this tax issue in the last few years with some towns wanting to use a different formula. Middletown did do that and some of the guys I know decided to skip their Main Street show because of it. After some discussion the state said that all antique autos would be taxed on a flat $500 rate. Because of that state statute I later found out that Middletown only did that for one year. I'm not sure if they had to refund the difference or not. And that's the rate I've ever had to pay for any of my cars. Also when I registered my '65 Formula "S" last fall they taxed it on the amount stated on the bill of sale. There was no discussion about basing the tax on any other book value.Not just California. I have residency in New York and Connecticut. In NY, I can buy a builder and have no problem paying sales tax on, say, $500.
In CT, it does not matter what you paid for the car, they charge you sales tax on book value. So if you buy a car with a blown motor, so what they say.
I bought a 63 Corvette in 1978 for $3,800 and have a notarized bill of sale from a Massachusetts dealer. Had I registered the car in 1978, would have paid sales tax on purchase price, no problem, even if book value was higher.
If I now want to register the car (world's longest frame off resto, still not done), the humps want me to pay sales tax on current value, $58,000 and then apply for a refund, which I am told almost is never granted. Fat chance I will ever register that car in CT.
And, btw, CT is a property tax state. You pay tax on all your registered vehicles every year. My 72 Corvette only costs me about $250/yr, probably only because they have not figured it's real value.
Give them time, they will figure it out, and screw every classic car owner, first chance they get. Most government agencies are broke and they want us as their companions in financial ruin.
Don't know if NY will honor the $3,800 bill of sale, but will find out at some point.
Anyone out there know a more reasonable state for a situation like this?
What's the route for coming out of non-op? Or, wouldn't it have been less expensive to just pay the registration every year?