Quote:
Originally Posted by Raja Ventureshield
Francis,
The tax is based on the value of your car in Jan 09 x .03% i believe.
trust me i got killed and this tax really needs to go away if you ask me.
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actually RJ seem to confuse sales tax w/ property tax when he quickly reply to your Post.
His .03 % is off, it is actually .0317 to represent that sales tax when you drive the car off-the-lot and the .0017 is the VA dealers Business tax. Which is why if you buy your car from Md as a Virginian you save .0017% on your sales tax
but to answer the original post in my understanding for your VA Property TAX question for next year
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Quote:
Originally Posted by Fkellym3
does anyone in here know what the taxes would be like for my car next year?
in the state of va...
i wish i lived in DC where u dont have pay much taxes for your car..
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actually if you bought and took delivery of the car this year, you will be access the remaining of this years property tax on the
full MSRP of the car since the Blue Book is not out yet.. like on my Jul 08 delivery I expect to pay maybe $1300+ due Feb of 09. (half of the full MSRP Property tax, Jul to Dec is 6 mos)
The next years property full tax bill will be acess on the
Trade-In value of the car to be paid Oct 5/09.
The first $20,000 of what amount they use will be exempt while the remaining amount will be base on the per $100 formula. see the Dept of Taxation Website or call for better info. since it changes.
But you see the whole picture!