BMW M3 Forum (E90 E92)

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


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > Regional Forums > USA - Mid-Atlantic
 
GTB Performance
Post Reply
 
Thread Tools Search this Thread
      09-29-2011, 09:36 AM   #1
exVtekGuy
Enlisted Member
 
Drives: none yet
Join Date: Aug 2011
Location: Virginia

Posts: 35
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?
exVtekGuy is offline  
0
Reply With Quote
      09-29-2011, 09:59 AM   #2
DoNDoN
Colonel
 
DoNDoN's Avatar
 
Drives: 2008 E92 M3 AW
Join Date: Jun 2008
Location: NoVA

Posts: 2,038
iTrader: (1)

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.
__________________
DoNDoN is offline   Thailand
0
Reply With Quote
      09-29-2011, 10:03 AM   #3
Templar
Lieutenant Colonel
 
Templar's Avatar
 
Drives: 2011 E92 M3
Join Date: Feb 2009
Location: One of the coasts...

Posts: 1,815
iTrader: (1)

Garage List
2011 BMW M3  [5.00]
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
'13 Toyota Tundra - 4x4 Platinum CrewMax, 5.7l iForce V8
Templar is offline   United_States
0
Reply With Quote
      09-29-2011, 10:07 AM   #4
baarii
Major
 
baarii's Avatar
 
Drives: ..
Join Date: Sep 2008
Location: I-66

Posts: 1,117
iTrader: (8)

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
baarii is offline   United_States
0
Reply With Quote
      09-29-2011, 10:07 AM   #5
DoNDoN
Colonel
 
DoNDoN's Avatar
 
Drives: 2008 E92 M3 AW
Join Date: Jun 2008
Location: NoVA

Posts: 2,038
iTrader: (1)

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.
__________________
DoNDoN is offline   Thailand
0
Reply With Quote
      09-29-2011, 10:09 AM   #6
baarii
Major
 
baarii's Avatar
 
Drives: ..
Join Date: Sep 2008
Location: I-66

Posts: 1,117
iTrader: (8)

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.
baarii is offline   United_States
0
Reply With Quote
      09-29-2011, 10:10 AM   #7
MDyDinanM
OIF Veteran
 
MDyDinanM's Avatar
 
Drives: ///M
Join Date: Oct 2009
Location: East Coast

Posts: 2,081
iTrader: (0)

Garage List
2008 BMW M5  [3.44]
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.
MDyDinanM is offline   United_States
0
Reply With Quote
      09-29-2011, 10:10 AM   #8
DoNDoN
Colonel
 
DoNDoN's Avatar
 
Drives: 2008 E92 M3 AW
Join Date: Jun 2008
Location: NoVA

Posts: 2,038
iTrader: (1)

Why do you think I live in MD now?
__________________
DoNDoN is offline   Thailand
0
Reply With Quote
      09-29-2011, 10:13 AM   #9
baarii
Major
 
baarii's Avatar
 
Drives: ..
Join Date: Sep 2008
Location: I-66

Posts: 1,117
iTrader: (8)

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.
baarii is offline   United_States
0
Reply With Quote
      09-29-2011, 10:20 AM   #10
SamS
Brigadier General
 
SamS's Avatar
 
Drives: 2013 ActiveHybrid 3
Join Date: Jul 2010
Location: Dallas, TX

Posts: 4,491
iTrader: (0)

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?
SamS is offline  
0
Reply With Quote
      09-29-2011, 10:23 AM   #11
Tuner1984
1 Stock M
 
Tuner1984's Avatar
 
Drives: Something Slow
Join Date: Jan 2010
Location: Northern Virginia

Posts: 1,652
iTrader: (5)

Garage List
2003 E46 M3  [0.00]
Send a message via Yahoo to Tuner1984
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.
__________________
Veteran USMC/Iraqi Freedom

Current: E46 M3
Retired: 2009 E90 AW M3
Retired: 2007 E90 AW 335i.
Tuner1984 is offline   United_States
0
Reply With Quote
      09-29-2011, 10:24 AM   #12
Tuner1984
1 Stock M
 
Tuner1984's Avatar
 
Drives: Something Slow
Join Date: Jan 2010
Location: Northern Virginia

Posts: 1,652
iTrader: (5)

Garage List
2003 E46 M3  [0.00]
Send a message via Yahoo to Tuner1984
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.
__________________
Veteran USMC/Iraqi Freedom

Current: E46 M3
Retired: 2009 E90 AW M3
Retired: 2007 E90 AW 335i.
Tuner1984 is offline   United_States
0
Reply With Quote
      09-29-2011, 10:25 AM   #13
SamS
Brigadier General
 
SamS's Avatar
 
Drives: 2013 ActiveHybrid 3
Join Date: Jul 2010
Location: Dallas, TX

Posts: 4,491
iTrader: (0)

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.
SamS is offline  
0
Reply With Quote
      09-29-2011, 10:25 AM   #14
baarii
Major
 
baarii's Avatar
 
Drives: ..
Join Date: Sep 2008
Location: I-66

Posts: 1,117
iTrader: (8)

Prince William County is like 3.70 per $100 i think
baarii is offline   United_States
0
Reply With Quote
      09-29-2011, 11:11 AM   #15
exVtekGuy
Enlisted Member
 
Drives: none yet
Join Date: Aug 2011
Location: Virginia

Posts: 35
iTrader: (0)

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.
exVtekGuy is offline  
0
Reply With Quote
      09-29-2011, 11:26 AM   #16
MDyDinanM
OIF Veteran
 
MDyDinanM's Avatar
 
Drives: ///M
Join Date: Oct 2009
Location: East Coast

Posts: 2,081
iTrader: (0)

Garage List
2008 BMW M5  [3.44]
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.
__________________
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.
MDyDinanM is offline   United_States
0
Reply With Quote
      09-29-2011, 11:27 AM   #17
Deathboy
Lieutenant
 
Deathboy's Avatar
 
Drives: 2014 Cayman S
Join Date: Sep 2007
Location: Locals only...

Posts: 420
iTrader: (0)

The comonwealth is always in your pocket. Taxing you for owning a vehicle thats B.S. Sucks for you.
Deathboy is offline   United_States
0
Reply With Quote
      09-29-2011, 11:29 AM   #18
Cptn Mo 703
Lieutenant Colonel
 
Cptn Mo 703's Avatar
 
Drives: my feet
Join Date: May 2009
Location: NoVa

Posts: 1,605
iTrader: (15)

Garage List
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
Cptn Mo 703 is offline   United_States
0
Reply With Quote
      09-29-2011, 11:31 AM   #19
MDyDinanM
OIF Veteran
 
MDyDinanM's Avatar
 
Drives: ///M
Join Date: Oct 2009
Location: East Coast

Posts: 2,081
iTrader: (0)

Garage List
2008 BMW M5  [3.44]
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
__________________
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.
MDyDinanM is offline   United_States
0
Reply With Quote
      09-29-2011, 12:57 PM   #20
KARLPAGLIACCI
Enlisted Member
 
Drives: 2011 E92 M3
Join Date: Feb 2011
Location: Virginia

Posts: 30
iTrader: (0)

Today, I just paid 1,400.00 and I purchased my 11 E-92 March 2011.
KARLPAGLIACCI is offline  
0
Reply With Quote
      09-29-2011, 01:23 PM   #21
mazing
Private First Class
 
mazing's Avatar
 
Drives: 2011.5 Jet Black M3
Join Date: Jun 2011
Location: Virginia

Posts: 192
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
mazing is offline  
0
Reply With Quote
      09-29-2011, 02:32 PM   #22
exVtekGuy
Enlisted Member
 
Drives: none yet
Join Date: Aug 2011
Location: Virginia

Posts: 35
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.
exVtekGuy is offline  
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 01:58 PM.




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