VA Personal Property Tax?

exVtekGuy · 09-29-2011, 09:36 AM

About how much should I expect to pay for County property tax on E9x M3 in VA? 4-500 bux?

DoNDoN · 09-29-2011, 09:59 AM

Quote:

Originally Posted by exVtekGuy

About how much should I expect to pay for County property tax on E9x M3 in VA? 4-500 bux?

What year? I will tell you now it is well above $1k.

Templar · 09-29-2011, 10:03 AM

When I registered mine they wanted like $3k, as it was a new 2011.

Good thing I told them I was in the military and being stationed in their state was not my fault

baarii · 09-29-2011, 10:07 AM

Quote:

Originally Posted by DoNDoN

What year? I will tell you now it is well above $1k.

Def a lot more than that

http://www.loudoun.gov/Default.aspx?tabid=520#Personal

http://www.fairfaxcounty.gov/dta/cartax_carvalues.htm

DoNDoN · 09-29-2011, 10:07 AM

Quote:

Originally Posted by Templar

When I registered mine they wanted like $3k, as it was a new 2011.

Good thing I told them I was in the military and being stationed in their state was not my fault

$3k? It was around $2k when I bought the car new back in 2008.

baarii · 09-29-2011, 10:09 AM

Quote:

Originally Posted by Templar

When I registered mine they wanted like $3k, as it was a new 2011.

Good thing I told them I was in the military and being stationed in their state was not my fault

Sounds about right!

Quote:

Originally Posted by DoNDoN

$3k? It was around $2k when I bought the car new back in 2008.

MDyDinanM · 09-29-2011, 10:10 AM

Do a search on this forum, this has been discussed before.

Or go to the DMV website

I believe it's $4.75 in tax for every $100 of assessed value in your car.

DoNDoN · 09-29-2011, 10:10 AM

Why do you think I live in MD now?

baarii · 09-29-2011, 10:13 AM

Quote:

Originally Posted by mdyaman

Do a search on this forum, this has been disused before.

Or go to the DMV website

I believe it's $4.75 in tax for every $100 of assessed value in your car.

Posted the links above!

Quote:

Originally Posted by DoNDoN

Why do you think I live in MD now?

Seriously! Need to rent office space in MD for under 1k.

SamS · 09-29-2011, 10:20 AM

Quote:

Originally Posted by mdyaman

I believe it's $4.75 in tax for every $100 of assessed value in your car.

Wow! You pay that in addition to a sales tax at time of purchase?

Tuner1984 · 09-29-2011, 10:23 AM

Quote:

Originally Posted by SamS

Wow! You pay that in addition to a sales tax at time of purchase?

We have to pay a personal property tax every six months.

Tuner1984 · 09-29-2011, 10:24 AM

Quote:

Originally Posted by exVtekGuy

About how much should I expect to pay for County property tax on E9x M3 in VA? 4-500 bux?

My personal property tax for my 09 was 668 for a six month period.

SamS · 09-29-2011, 10:25 AM

Quote:

Originally Posted by Tuner1984

We have to pay a personal property tax every six months.

Holy moly. Cost of living is really high there.

baarii · 09-29-2011, 10:25 AM

Prince William County is like 3.70 per $100 i think

exVtekGuy · 09-29-2011, 11:11 AM

Quote:

Originally Posted by Tuner1984

My personal property tax for my 09 was 668 for a six month period.

Ok that's not too bad. It is 4.75 per $100 of the value of the car but there's a tax relief thing that reduces the amount by some I think so I wasn't sure of the exact amount.

MDyDinanM · 09-29-2011, 11:26 AM

Quote:

Originally Posted by exVtekGuy

Ok that's not too bad. It is 4.75 per $100 of the value of the car but there's a tax relief thing that reduces the amount by some I think so I wasn't sure of the exact amount.

yes, to clarify my above post, if your car is for personal use, it can qualify for tax relief, which will be minus $20,000 of your cars assessed value, then the formula kicks in.

for example, is your car is assessed to be $50,000, tax relief is then -$20,000, so you're only paying tax on the difference of the remaining $30,000.

So $4.75 for every $100 would equate to $1,425 in tax.

Deathboy · 09-29-2011, 11:27 AM

The comonwealth is always in your pocket. Taxing you for owning a vehicle thats B.S. Sucks for you.

Cptn Mo 703 · 09-29-2011, 11:29 AM

If fairfax county values your car around 65k, your gonna pay close to $200 a month for just personal property tax. When you buy the car, you pay 3% sales tax.

MDyDinanM · 09-29-2011, 11:31 AM

Quote:

Originally Posted by Deathboy

The comonwealth is always in your pocket. Taxing you for owning a vehicle thats B.S. Sucks for you.

your comment is subjective. Taxes vary by state, and some states tax things, where others do not. I believe VA is one of those states where it taxes personal property (ie automobiles) it is less so on housing, whereas in Maryland, it is the opposite.

Ever wonder why there are more people in Northern VA than in MD? Because housing tax is cheaper in VA...at least that is what i'm told. Please correct me if i'm wrong

KARLPAGLIACCI · 09-29-2011, 12:57 PM

Today, I just paid 1,400.00 and I purchased my 11 E-92 March 2011.

mazing · 09-29-2011, 01:23 PM

2011 E93 M3 will be paying $1,250 next week for 6 months. Living in Loudoun. Bought the car in July
I came from NY where there was no PPT (but sales tax significantly higher) the man will alwyas get his money

exVtekGuy · 09-29-2011, 02:32 PM

You gotta pay to play I guess. thanks for the responses.

I still would rather live in VA than MD tho. MD is so ghetto!

Just kidding.

09-29-2011, 09:36 AM	#1
exVtekGuy Second Lieutenant 115 Rep 284 Posts Drives: none yet Join Date: Aug 2011 Location: Virginia iTrader: (0)	VA Personal Property Tax? About how much should I expect to pay for County property tax on E9x M3 in VA? 4-500 bux?
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09-29-2011, 10:03 AM	#3
Templar Lieutenant Colonel 268 Rep 1,883 Posts Drives: 2011 E92 M3 Join Date: Feb 2009 Location: One of the coasts... iTrader: (1) Garage List 2011 BMW M3 [10.00]	When I registered mine they wanted like $3k, as it was a new 2011. Good thing I told them I was in the military and being stationed in their state was not my fault __________________ '11 BMW E92 ///M3 - ZCP and DCT '15 Ford F-250 - Lariat, 6.7 Powerstroke Turbo-diesel
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09-29-2011, 10:10 AM	#7
MDyDinanM OIF Veteran 246 Rep 2,106 Posts Drives: ///M Join Date: Oct 2009 Location: East Coast iTrader: (0) Garage List 2008 BMW M5 [6.88]	Do a search on this forum, this has been discussed before. Or go to the DMV website I believe it's $4.75 in tax for every $100 of assessed value in your car. __________________ Retired: '06 BMW E46 ///M3 Current: '08 BMW E60 DINAN ///M5, Interlagos Blue, SMG DINAN Stage 2 Suspension, Exhaust, Stage III Software, Front strut braces, Intakes, 13% Underdrive pulley, 3.91 Differential, RPI Scoops. Last edited by MDyDinanM; 09-29-2011 at 11:23 AM..
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09-29-2011, 10:10 AM	#8
DoNDoN Colonel 102 Rep 2,037 Posts Drives: 2008 E92 M3 AW Join Date: Jun 2008 Location: NoVA iTrader: (1)	Why do you think I live in MD now? __________________
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09-29-2011, 10:25 AM	#14
baarii Major 79 Rep 1,149 Posts Drives: .. Join Date: Sep 2008 Location: I-66 iTrader: (8)	Prince William County is like 3.70 per $100 i think
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09-29-2011, 11:27 AM	#17
Deathboy Lieutenant 20 Rep 446 Posts Drives: GT4 Join Date: Sep 2007 Location: Locals only... iTrader: (0)	The comonwealth is always in your pocket. Taxing you for owning a vehicle thats B.S. Sucks for you.
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09-29-2011, 11:29 AM	#18
Cptn Mo 703 Lieutenant Colonel 116 Rep 1,603 Posts Drives: my feet Join Date: May 2009 Location: NoVa iTrader: (15) Garage List 2010 BMW e92 M3 ret ... [10.00] 2009 BMW e93 335i r ... [9.50]	If fairfax county values your car around 65k, your gonna pay close to $200 a month for just personal property tax. When you buy the car, you pay 3% sales tax. __________________ 2008 Alpine White e93 335i- Sold 2009 Black Sap. Met. e93 335i- Sold 2010 Melbourne Red e92 M3- Sold
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09-29-2011, 12:57 PM	#20
KARLPAGLIACCI Enlisted Member 4 Rep 30 Posts Drives: 2011 E92 M3 Join Date: Feb 2011 Location: Virginia iTrader: (0)	Today, I just paid 1,400.00 and I purchased my 11 E-92 March 2011.
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09-29-2011, 01:23 PM	#21
mazing Second Lieutenant 14 Rep 216 Posts Drives: 2011.5 Jet Black M3 Join Date: Jun 2011 Location: Virginia iTrader: (1)	2011 E93 M3 will be paying $1,250 next week for 6 months. Living in Loudoun. Bought the car in July I came from NY where there was no PPT (but sales tax significantly higher) the man will alwyas get his money __________________ 2011 Jet Black Bamboo Novillo/DCT/Gloss Black Grills/Gloss Black Reflectors/Gloss Black Side Gills w/Light Tinted Lenses/Black Vinyl Window Trim
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09-29-2011, 02:32 PM	#22
exVtekGuy Second Lieutenant 115 Rep 284 Posts Drives: none yet Join Date: Aug 2011 Location: Virginia iTrader: (0)	You gotta pay to play I guess. thanks for the responses. I still would rather live in VA than MD tho. MD is so ghetto! Just kidding.
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