Yuck, that’s gaudy, sure to clash with any color scheme that isn’t an ice cream truck or something.
An annual “personal property tax” on vehicles that is some percentage of the purchase price when first registered or the depreciated “bluebook” price in subsequent years is pretty commonplace.
Different states call it different things, base it on different baselines, or use different collection mechanisms.
But they all amount to a “because” tax. Why do we pay it? Because.
In CA you pay regular sales tax and then the property tax part is paid as part of the car registration. There is a regular registration fee and then the additional tax that roughly corresponds to the car value and gets smaller each year. That additional tax can be written off on your Federal taxes if you itemize along with the home property tax, assuming that you haven’t hit the SALT limit.
Now that I know to look, I just saw one on a Rivian. It was the personalized version, so it didn’t have the lightning bolt, which is the best part.
Yes, but assuming it’s an average car weight, and she drives it the average 12,000 miles /year, then she does wear & tear of about $1200/year to the Colorado roads. So $4800 damage over the 4 years, while she’s paid $2700.
We all have to pay somehow to maintain the roads we use.
Even is we don’t drive but walk or bike everywhere, the roads are still used to bring the groceries to you store, the mail to your house, etc.
Based on the numbers in your OP, the full MSRP for the car would be $65,700, which seems high, but let’s go with that. So you paid $3500 in sales tax, plus $1000 in “property tax”.
Around here, a car with that sale price would have a sales tax of $8500, payable at the time of purchase. As compared to your grand total of $6200 over the first four years, with negligible “property tax” after that.
So I take it the purpose of your OP is to tell us how lucky you are to have lower taxes than so many other places! ![]()
I’m going to be moving to Columbus, South Carolina soon, and they are considering something that has been dubbed “A Yankee Tax” of $500. It’s really not, it applies to anyone moving into the state from anywhere else, and would be billed when you exchange your drivers license or pay your property taxes. Of course, for retirees like me who neither drive or own property, we skate on it.
I think the idea behind it is to get newcomers up to speed for all the infrastructure that is already in place, but let’s face it, that is a truly lousy reason to do it. They’re just doing it because they can.
Because I’m sure they give money to people who leave that paid for the infrastructure but are now not going to use it anymore.
You people are getting off cheap. In Missouri, we pay a state sales tax of 4.225%, plus a county sales tax which ranges from 1.18% to 5.45%. Some areas also add municipal or special district sales taxes.
That’s for a new vehicle. Once you buy it, you have to pay property taxes. The state assesses vehicles at 33.3% of their Blue Book value, with tax rates set by county and local taxing authorities. That goes on for as long as you own the vehicle.
Ha ha. Probably not!