Where does your state fare when it comes to property taxes and vehicle taxes?

Started by rcjordan, April 09, 2015, 12:53:09 PM

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rcjordan


littleman

California has Prop 13 which basically locks property tax at the value of one's property when purchased.  So, two families will be right next to each other and pay drastically different rates  -- its very controversial, those who benefit from the tax seem to love it, others not so much. One thing it does do though is shield long term residence from the tech boom.

I'm personally benefiting from it because my wife and I bought our house from the in-laws, who bought it in the 80s and the tax burden will roll over if it is sold to an immediate family member.   

Travoli


rcjordan

>texas

3rd from the highest in property taxes, though.  So even with no state income tax nor vehicle tax, they nail you.  As we've discussed before, the hit tends to average out.

>prop 13

NC tried that 10-15 yrs ago to benefit seniors but it was ruled unconstitutional.

Mackin USA

Mr. Mackin

rcjordan

>VA is still tops on vehicle taxes

I should add that I think this is *AFTER* a significant 'reform' of their vehicle tax a few years back, right, Trav?

I know that VA city & state vehicle stickers were huge GOTCHAs ---now just smaller gotchas.

Travoli

Yes, it is lower than it used to be. 
It doesn't affect me much anymore, because I drive a worthless 12 year-old truck.  It's the way to go.

littleman

>the hit tends to average out.

There is a sweet spot though -- Vancouver Washington, a town right on the border of Oregon, next to Portland.  Washington has no sales tax and Oregon has no sales tax.   If you could live and work on the Washington side, but do all your shopping on the Oregon side you could have it pretty good.

rcjordan

>worthless

This leads to 'restoration' fraud.  People take antique vehicles like Land Rovers and put later model, modern SUV LR Discoveries on the chassis.  Mostly, what they do is swap papers with minimal real changes.  A friend of mine (who does legit LR mods and updates) had a shipping container full of LR stuff impounded while they investigated.  Apparently, it was a big business in several states.

>sweet

Sure.

nffc

We don't realise how "lucky" we are:

In Vietnam...

Sticker price plus 80% import duty, then plus 30% "luxury" tax and then add 10% VAT. Kia's are a luxury car here.

rcjordan

>Kia's are a luxury car here

Same for Denmark.  I tell people here about DK's vehicle tax and it's beyond their comprehension.

littleman


Mackin USA

nffc just says it's business in Nam, but we know better...
Mr. Mackin

nffc


grnidone

People move to Texas because it is awesome.  It just is. 

You are paid California wages and you have midwest housing prices.  You win all the way around.  And the people are nice and it is beautiful.  And much much less racist and hateful than California IMHO.  Littleman will fight me all the way on that remark, but it is true. 

I'm a Kansan, but also a Texan in my heart.