Quote:
Originally Posted by JoeT
just digging this thread up as my tax bill arrived today
My factory five was assigned a value of $10,000 and at the mil rate of 30.25, I was assigned a property tax bill of $302.50
my wife's '66 mustang however was assessed at $500
my daily driver, which I don't think on it's best day I could sell for $10,000 was assigned a $15250 value
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Pardon my naiveté, but you're saying you pay property tax on your vehicles? Excuse the pun, but that's a completely foreign concept to me (I'm in Canada). I paid sales tax (federal and provincial) when I purchased my Cobra or any of our other vehicles (and subsequent parts, etc.), but there is no property, capital or any other taxes applicable as long as I own it.
Just curious - what other jurisdictions charge property or capital tax for vehicles?