Just received my "supplemental" tax bill, since I registered the car in July 2009 the bill shows the car assessed at a 25% pro-ration of $7,880 @ 26.5 mills a wopping $209 tax. Looking forward to that amount quadrupaling this July when i would have had the car registered for a whole tax year.
I called the assessor to find out how the assessed value was determined she told me that they go on the internet to determine value, assess and then leave it up to the taxpayer to dispute if it is too high. In fact she admitted that they lean on the high side, it then depreciates 10% a year. So after 10 years I guess I will not have to pay anymore.
Fantastic I say, my neighbor with the $100,000 '69 camaro is only paying $186 a year. No one going on the internet to see what that is worth. Consistency is all I ask. I bet though that had i waited till after October and gotten the year on the title to say '66 composite i would have sneaked by.