BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
VF Engineering
Post Reply
 
Thread Tools Search this Thread
      05-23-2011, 08:46 AM   #23
Gregxi
First Lieutenant
 
Gregxi's Avatar
 
Drives: 2006 330xi 6mt
Join Date: Feb 2011
Location: On the crapper

Posts: 336
iTrader: (0)

As said earlier MD vehicle tax is 6%.They will charge the tax based on NADA book value, UNLESS you provide a notarized bill of sale showing you paid less. This will take a little effort but you could get a banana notarized for 10-15 bucks.
You can either get your car inspected first or register it and the MVA will issue a hard tag and you have 30 days to get the inspection done.
Gregxi is offline   United_States
0
Reply With Quote
      05-23-2011, 11:14 AM   #24
donovan
Brigadier General
 
donovan's Avatar
 
Drives: E92 m3 AW, light package
Join Date: Aug 2008
Location: le' Murica

Posts: 3,382
iTrader: (11)

Quote:
Originally Posted by SchlauCow View Post
Donovan,

I'm assuming you're AF/US Military based on your location.

When you get to MD, you have 60 days to register, or else you face "penalties" if you try to register after that. MD charges a 6% excise tax even if you've already paid taxes (f--k that).

If you plan on remaining active duty, then do this:

Prepare for South Dakota residency. You will have to pay a tax, but it's low (3%) and based off the difference if you traded in an old vehicle. You will pay 3% on the used car value if the car is used (NADA values used by SD).

Residency is easy and takes one day. mydakotaddress.com



You will never have a state tax ever again. Read this for Maryland law: "If you are a legal resident of Maryland and serving in the military, you must file a resident Maryland tax return, regardless of where you are stationed. You must also report all of your taxable income from all sources, including military pay." Can you believe that? Why pay state tax if you're not even in the state? Stupid. When you PCS from MD, and have SD residency, then you won't pay state tax. Save some $$$

You will have a SD license plate in MD, but you're good as long as you're active military.
Im back stateside...and the car is.coming now. However i'm in texas doing training for 3 months.
__________________


e46 m3 Black
Too many mods
donovan is offline   Germany
0
Reply With Quote
      05-23-2011, 02:29 PM   #25
M3Bahn
Lieutenant
 
M3Bahn's Avatar
 
Drives: M3
Join Date: Mar 2011
Location: ATL

Posts: 487
iTrader: (0)

I think Oregon has no sales tax but all the states are broke and they will find out if you are trying to avoid paying any kind of tax.
__________________
The journey is the reward.
M3Bahn is offline  
0
Reply With Quote
      05-23-2011, 04:54 PM   #26
donovan
Brigadier General
 
donovan's Avatar
 
Drives: E92 m3 AW, light package
Join Date: Aug 2008
Location: le' Murica

Posts: 3,382
iTrader: (11)

Gotta love america.... But not really
__________________


e46 m3 Black
Too many mods
donovan is offline   Germany
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 02:37 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST