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      10-08-2008, 03:32 AM   #1
Fkellym3
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taxes

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..

Last edited by Fkellym3; 10-08-2008 at 03:59 AM.
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      10-08-2008, 07:59 AM   #2
Raja Ventureshield
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Francis,

I sent you a PM last night. Will call you later.
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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      10-08-2008, 02:27 PM   #3
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Quote:
Originally Posted by Raja Ventureshield View Post
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.
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
....

Quote:
Originally Posted by Fkellym3 View Post
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..
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!

Last edited by ase2dais; 10-08-2008 at 02:48 PM.
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      10-08-2008, 03:33 PM   #4
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I took delivery in march and was assessed a $1500 personal property tax which i paid on October 5th
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      10-08-2008, 03:45 PM   #5
Raja Ventureshield
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Quote:
Originally Posted by ase2dais View Post
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
....



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!
lol. all i know is i am paying too much. Al probably have it right.
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      10-09-2008, 06:36 AM   #6
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Quote:
Originally Posted by JuniorDee View Post
I took delivery in march and was assessed a $1500 personal property tax which i paid on October 5th
June must be the cutoff and my first year's M3 figure is just about right then, and quite surprising that its equal, if not more to my other 4 household cars total years property tax figure that just recently paid for the Oct 5th due date

Last edited by ase2dais; 10-09-2008 at 03:37 PM.
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      11-11-2008, 10:09 AM   #7
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* For vehicles bought or located in the County on or after July 1, payment is due Feb 15 the following year
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      11-13-2008, 09:40 AM   #8
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more definition from DTA when I called today thinking that my newly acquired gas mizer DD that is under $20k MSRP is exempt from property taxes.

heres what they said: the first 20k of the car assess tax value gets a tax relief of 68% from the Govt, the remaining 32% will be assess.
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