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      09-29-2011, 09:36 AM   #1
exVtekGuy
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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, 09:59 AM   #2
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Quote:
Originally Posted by exVtekGuy View Post
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.
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      09-29-2011, 10:03 AM   #3
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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
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      09-29-2011, 10:07 AM   #4
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Quote:
Originally Posted by DoNDoN View Post
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
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      09-29-2011, 10:07 AM   #5
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Quote:
Originally Posted by Templar View Post
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.
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      09-29-2011, 10:09 AM   #6
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Quote:
Originally Posted by Templar View Post
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 View Post
$3k? It was around $2k when I bought the car new back in 2008.
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      09-29-2011, 10:10 AM   #7
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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.
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Last edited by MDyDinanM; 09-29-2011 at 11:23 AM.
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      09-29-2011, 10:10 AM   #8
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Why do you think I live in MD now?
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      09-29-2011, 10:13 AM   #9
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Quote:
Originally Posted by mdyaman View Post
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 View Post
Why do you think I live in MD now?
Seriously! Need to rent office space in MD for under 1k.
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      09-29-2011, 10:20 AM   #10
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Quote:
Originally Posted by mdyaman View Post
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?
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      09-29-2011, 10:23 AM   #11
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Quote:
Originally Posted by SamS View Post
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.
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      09-29-2011, 10:24 AM   #12
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Quote:
Originally Posted by exVtekGuy View Post
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.
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      09-29-2011, 10:25 AM   #13
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Quote:
Originally Posted by Tuner1984 View Post
We have to pay a personal property tax every six months.
Holy moly. Cost of living is really high there.
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      09-29-2011, 10:25 AM   #14
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Prince William County is like 3.70 per $100 i think
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      09-29-2011, 11:11 AM   #15
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Quote:
Originally Posted by Tuner1984 View Post
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.
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      09-29-2011, 11:26 AM   #16
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Quote:
Originally Posted by exVtekGuy View Post
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.
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      09-29-2011, 11:27 AM   #17
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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
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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.
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      09-29-2011, 11:31 AM   #19
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Quote:
Originally Posted by Deathboy View Post
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
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      09-29-2011, 12:57 PM   #20
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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
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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
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      09-29-2011, 02:32 PM   #22
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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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