Quote:
Originally Posted by cycleguy55
I understand Connecticut charges property tax on vehicles, but that's a totally foreign (excuse the pun) concept to me. We pay sales tax on the purchase price, but once that's done it's just annual licensing and registration fees.
Question: How many states / municipalities charge property tax each year on vehicles? Is this an exception, or more common than not?
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Every state I've ever lived in has charged some kind of tax on a vehicle to register it. Sales tax is once at time of purchase based on purchase price. The registration tax - excise tax, property tax, etc - is on the bill every year. So far, South Dakota, Iowa, Arizona, Colorado, Massachusetts, Nevada all have a registration tax. In Colorado and Nevada for the ones I can remember the amount goes down every year until it reaches a minimum. Our Honda CRV hit the min a couple of years ago and will cost me $189 to renew the plates later this month broken down as follows:
Reg: 33.00 (the plates, not tax deductible)
Gov: 125.00 (tax deductible)
Supl gov svcs tax: 31.00 (tax deductible)
There are some states that don't have such a tax but they're in the minority.