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#1
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Taxable Value?
Just got the title back from our "new" 1985 300d Turbo. The title lists the taxable value as $24,500.00?! That seems awfully high. We paid $1,000.00 for the car. I have to assume that is what the yearly plates are going to be calculated on? Anybody know what is up with that?
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#2
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Not knowing where you reside make this impossible to help......
You taxable rate will be calculated on a sliding scale of value to date. EG : My 1983 VW pickup was around $70.00 title and it's $27.00 a year for tag sticker.....bonus is, in Oklahoma there's no emissions/safety test required. .
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No euphemisms please, we are all adults here. Thank you. |
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#3
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I'm near Denver, Colorado. It was $90.00 to get the temp plates and have title transferred. Don't know yet what the plates will be, not due till Jan 20.
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#4
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Thats BS it should be blue book value. I get nailed for about $170 a year from the city for the SDL.
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2005 Chevy Silverado, white on black. "Posterity! You will never know how much it cost the present Generation to preserve your Freedom! I hope you will make good use of it. If you do not, I shall repent in Heaven, that I ever took half the Pains to preserve it." — John Adams |
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#5
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virginia goes by Bluebook adn uses a liniar depreciation scale for cars old enough to be off the book....
I pay no Personal Property tax on either Benz.......but I do on my truck.
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Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche |
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#6
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Quote:
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#7
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I bought a 1991 Jeep Grand Wagoneer once for $200, it was worth about $200 and they charges me tax on a $4500 value in their book. About $250. So tax was more than the vehicle cost me.
Cars over 25 years old are taxed with a different system in many places. For them to justify valueing your car at $24,000 they should need to have it appraised at their cost. There has got to be some obvious mistake there.
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PagodaLOVER 1967 230SL, manual 1959 180D, manual |
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#8
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Donate it..
I would donate the car TODAY and take the 24K write off...depending on your tax bracket, you can earn at least 8K, and as much as 11K.
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'83 240D (W123) 321K miles 250KM Mileage Award 500KM Mileage Award '84 300TD (W123) 215k miles 250K mileage award pending |
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#9
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Michigan values your car, for plate purposes, on the MSRP when NEW! All vehicles from '84 on are based on MSRP, depreciated for 4 years. So on the 560, I'm paying for plates based on a $53K value, no matter that I saved it from the crusher. '83 and older are based on the vehicle weight.
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Mike Tangas '73 280SEL 4.5 (9/72)- RIP Only 8,173 units built from 5/71 thru 11/72 '02 CLK320 Cabriolet - wifey's mid-life crisis 2012 VW Jetta Sportwagon TDI...at least its a diesel Non illegitemae carborundum. |
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#10
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damn.. how much did the 300D' sell for lol i havent found out how much i have to pay yet.. maybe tuesday i will
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|1983 300D| OM617 239k Miles|Red |"Passion"| |1987 300D| OM603 225k Miles|Anthracite Grey|"Pepper"| |1987 300D|OM606|722.6| Intercooled|HX35|In Progress| ![]() Central Florida Benz Bash 2013 Information!!!! |
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#11
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tax
in minnesota after the car was 7 years old the tax on the car the tab per year are 38.50 to transfer it is 50.00. For the first 7 years the cars tabs go down each year the car get older.Depending on the price of the car,the first year can cost as much as 300.00
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#12
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NH uses a similar scale, always relative to the original sales price. In the first couple of years it can be really costly...I want to to say about 1% of sales price but then it drops off each year until it reaches a constant small fraction of one percent, I think about 0.3%. For our 2004 it was about $400 to renew for one year, but for my '72 it was only $39.50. Ironically, because my '88 560SL cost $60K new it costs more to register each year than my '98 E300 which was only about $40K. Both are taxed at the same millage but the '88 cost 50% more new so it costs 50% more to register each year.
We have no sales tax here, even on new cars, so paying a fraction of a percent per year to register it is still cheaper than paying 5-9% up front when you buy it.
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Marty D. 2011 E350 Bluetec Arctic White/Almond MB Tex (22K) 1984 BMW 733i 1991 Porsche C2 Cabriolet 2012 Lincoln MKz
Last edited by nhdoc; 12-04-2005 at 11:39 AM. |
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#13
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acastell has the right thoughts here. if the stAte is taxing your car on that MSRP value then you should be able to claim that same value for a donation of it.
michigan law is absurd, i am very sorry for you. knowing this law, i would sell it and buy an '83 or older.
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PagodaLOVER 1967 230SL, manual 1959 180D, manual |
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#14
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24k
might be original purchase price.
tom w
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....or a 64 stude v8.
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#15
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Tom, I think $24K is way to low for the original sticker on a 85 300D. My 82 300D sold for over $30K.
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