Vehicle Registration Fees - Where does your state rank?
12-19-06, 08:28 PM
#1
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Vehicle Registration Fees - Where does your state rank?
heck out the chart: http://www.kiplinger.com/php/cartax.html
From: http://www.kiplinger.com/featu....html
Quote »
The most expensive state to own a typical car, in terms of taxes and fees, is Nevada, where you'll pay $2,507 over five years for a Toyota Camry LE.
With a sales tax of 6.5%, its one-year charge of $1,576 is also worst in the nation. Nevada's charge includes a "government services tax" of 1.4% of the depreciated value of the vehicle, which boosts the total taxes and fees for the Camry to $275 in year two, $247 in year three and so on.
For multiple-car owners in Nevada, taxes and fees really add up. A Ford F-150 XLT pickup truck will set you back $3,575 over five years. If you keep a 12-cylinder Audi A8 L Quattro in your garage, you'll pay $15,509 over five years.
Part of that burden is due to a one-time federal "gas guzzler" tax of $1,700. The gas guzzler tax kicks in on a sliding scale for cars (but not trucks) that get less than 22.5 mpg in combined city and highway driving. The Audi gets an SUV-rivaling 17 mpg.
From: http://www.kiplinger.com/featu....html
Quote »
The most expensive state to own a typical car, in terms of taxes and fees, is Nevada, where you'll pay $2,507 over five years for a Toyota Camry LE.
With a sales tax of 6.5%, its one-year charge of $1,576 is also worst in the nation. Nevada's charge includes a "government services tax" of 1.4% of the depreciated value of the vehicle, which boosts the total taxes and fees for the Camry to $275 in year two, $247 in year three and so on.
For multiple-car owners in Nevada, taxes and fees really add up. A Ford F-150 XLT pickup truck will set you back $3,575 over five years. If you keep a 12-cylinder Audi A8 L Quattro in your garage, you'll pay $15,509 over five years.
Part of that burden is due to a one-time federal "gas guzzler" tax of $1,700. The gas guzzler tax kicks in on a sliding scale for cars (but not trucks) that get less than 22.5 mpg in combined city and highway driving. The Audi gets an SUV-rivaling 17 mpg.
12-19-06, 08:57 PM
#2
Lexus Fanatic
iTrader: (20)
I don't get those charts. For example, it seems like the Georgia numbers Mike aren't factoring in Ad Velorum which on that Audi A8 would be a ton of money.
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12-20-06, 01:36 AM
#9
This really makes no sense. Yes, our state does have as 4% general excise tax which the chart accurately shows, but our registration is based on multiple taxes on the weight of the vehicle. Simply put, the heavier the car the higher the registration fee is. We have different taxes based on Federal, State, and County I believe and they are all totaled together for your final annual registration fee. That said, we do have fairly cheap registration fees. My RX is a little over $200 a year.
12-20-06, 02:06 AM
#10
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Join Date: Sep 2006
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First lived in Arizona, now living in Utah. Planning to move next year out to Michigan. Wheeee... from 49th to 44th to 41st, at this rate by the time I turn 40 I might break past the 30s. It blows paying $300 registration for my 6 year old lexus... and try the 8% mesa, AZ sales tax when I first bought my car.
I would love being able to pay $80/year registration, stupid never insured/registered illegals driving up insurance/registration costs!
I would love being able to pay $80/year registration, stupid never insured/registered illegals driving up insurance/registration costs!
12-20-06, 03:43 AM
#11
Lexus Fanatic
My state ( VA ), already the 5th-6th least expensive, may drop even more now that the yearly $25 county / town registration and decal required in addition to the state one has been dropped.
However, what the list DOESN'T tell you is that some states ( VA is one of them ) have a yearly personal property tax that you pay on the car's assessed values...it is similiar to the real estate tax. Fortunately, like the real estate tax ( and unlike registration fees ), it is deductable on your 1040 Schedule A.
However, what the list DOESN'T tell you is that some states ( VA is one of them ) have a yearly personal property tax that you pay on the car's assessed values...it is similiar to the real estate tax. Fortunately, like the real estate tax ( and unlike registration fees ), it is deductable on your 1040 Schedule A.
12-20-06, 05:04 AM
#12
Super Moderator
My stateside registration for Florida has other tangible benefits like no emissions or safety testing lower insurance than in some other places that I have had cars registered and no state income tax, plus annual registration fees are cheap.
12-20-06, 07:52 AM
#13
Lexus Fanatic
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However, what the list DOESN'T tell you is that some states ( VA is one of them ) have a yearly personal property tax that you pay on the car's assessed values...it is similiar to the real estate tax. Fortunately, like the real estate tax ( and unlike registration fees ), it is deductable on your 1040 Schedule A.
As we move further down the line to taxing peoples ASSETS we're rapidly approaching socialism.
12-20-06, 10:04 AM
#15
Lexus Test Driver
In IL I can't complain. When I purchased my '99 LS in Nov '05 I paid a flat $90 for the state tax when I registered the title. This helped because I purchased from a private party and wasn't charged "sales" tax.
The yearly license plate renewal fee is $78 assuming you don't have a specialized plate like a Vanity plate.
The yearly license plate renewal fee is $78 assuming you don't have a specialized plate like a Vanity plate.