New York Registration Process

twobjshelbys · #1 (**permalink**) 10-06-2020, 09:56 AM

Bummer. By declaring it a 2020 custom it will be tax assessed as a 2020 vehicle at your purchase price. My Cobra cost me my purcase price for computing sales tax, but the registration was $65 for 5 years, yours probably costs a little more than that.

Mark IV · #2 (**permalink**) 10-06-2020, 10:09 AM

The people at the DMV inspection are not "Troopers" but sworn and armed DMV inspectors. We have a lot of experience with the NYS DMV and could have helped you and saved you some effort. We have helped numerous people navigate the NYS process and better than half of them are NOT our customers. We just helped a Superformance customer that bought in Cali through the DMV maze as well as Factory Five builder not long ago.

If you give NY what they want and don't try to scam the system you will fine most of the people involved are "car people" and will give you some leeway as long as they don't think you are trying to bullsh!t them or attempting to circumvent the process.

I highly suggest that any "touchy" issues be done via PM and email and not on the forum. You will be surprised who follows these threads........

1795 · #3 (**permalink**) 10-06-2020, 02:49 PM

Quote:

Originally Posted by twobjshelbys

Bummer. By declaring it a 2020 custom it will be tax assessed as a 2020 vehicle at your purchase price. My Cobra cost me my purcase price for computing sales tax, but the registration was $65 for 5 years, yours probably costs a little more than that.

Tony,

In NY it does not matter the year of the car for sales tax, they all get taxed the same based on the purchase price. At least there is no luxury tax on vehicles in NY.

Jim

twobjshelbys · #4 (**permalink**) 10-06-2020, 03:49 PM

Quote:

Originally Posted by 1795

Tony,

In NY it does not matter the year of the car for sales tax, they all get taxed the same based on the purchase price. At least there is no luxury tax on vehicles in NY.

Jim

I understand and agree about sales tax, but in other states (not sure about NY) the annual "personal property tax", or "registration tax" goes down with the age of the vehicle to a certain minimum based on the original value. That's the way it's been everywhere I've lived, including in MA. It seems that CT and maybe RI base it on current market value, which is related in another post here. My point is that being a 2020 vehicle, you're initial property tax will be based also on your purchase price or some other value assessment, not the depreciated value. That is how they get you in taxes.

1795 · #5 (**permalink**) 10-06-2020, 04:59 PM

Tony,

There is no property tax on vehicles in NY, you pay the sales tax when you register the vehicle and then only the registration fee that only changes modestly. There is no yearly property tax on personal property, other than your home. Registration fees are based upon the weight of the vehicle, not the cost.

Jim

twobjshelbys · #6 (**permalink**) 10-06-2020, 05:03 PM

Quote:

Originally Posted by 1795

Tony,

There is no property tax on vehicles in NY, you pay the sales tax when you register the vehicle and then only the registration fee that only changes modestly. There is no yearly property tax on personal property, other than your home. Registration fees are based upon the weight of the vehicle, not the cost.

Jim

Wow! That's great! Every place else I know of taxes cars, boats, etc. I won't mention it again in case they get any ideas

1ntCobra · #7 (**permalink**) 10-10-2020, 05:22 AM

Quote:

Originally Posted by twobjshelbys

Wow! That's great! Every place else I know of taxes cars, boats, etc. I won't mention it again in case they get any ideas

Pennsylvania does not have property tax on cars either. Hearing that other states have property taxes on cars sounds strange to me. I should be looking out for all of the taxes that other states have in case I decide to move to another state when I retire.

twobjshelbys · #8 (**permalink**) 10-10-2020, 09:00 AM

Quote:

Originally Posted by 1ntCobra

Pennsylvania does not have property tax on cars either. Hearing that other states have property taxes on cars sounds strange to me. I should be looking out for all of the taxes that other states have in case I decide to move to another state when I retire.

How much does it cost to register? Here's the breakdown of our Honda registration:

Registration 33.00
Gov (prop tax) 196.99
Supl Gov Svcs Tax 49.00
Tech fee 1.00

The "Gov" and "Supl Gov Svcs Tax" are deductible as personal property taxes on Fed income tax.

Both here and in CO, the tax portion is depreciated - it goes down every year until it reaches a minimum and then stays there. I don't recall what the time period is.

mrmustang · #9 (**permalink**) 10-10-2020, 09:59 AM

Quote:

Originally Posted by 1ntCobra

Pennsylvania does not have property tax on cars either. Hearing that other states have property taxes on cars sounds strange to me. I should be looking out for all of the taxes that other states have in case I decide to move to another state when I retire.

SC is one of those states that has a personal property tax on vehicles. When I moved down from PA to SC, I was concerned about the 69 GT500. Thankfully unfounded, as my annual property tax is $35.00 My daily drivers cost 3x that much and are not worth anywhere near what the Shelby is, go figure.

Bill S.