Paid Sales Tax on my new vehicle
04-04-06, 08:37 PM
#31
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Originally Posted by kensteele
Originally Posted by kensteele
The category/class is 028.
The clerk couldn't find it listed either and I tried to get her to use the IS300 but she went over to the appraiser instead. Took about 5-10 minutes.
That seems kinda high compared to the other vehicles, did I get ripped?
The category/class is 028.
The clerk couldn't find it listed either and I tried to get her to use the IS300 but she went over to the appraiser instead. Took about 5-10 minutes.
That seems kinda high compared to the other vehicles, did I get ripped?
Originally Posted by jlin101
my clerk was nice enough to use IS300 as the basis and ended up with 023 ($456; I paid $350 (022) for my $35k G35C in 2002). I think yours was a little on the high side. 
I'm calling tomorrow, the county owes me about $150.
04-04-06, 10:13 PM
#32
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$3300 is ALOT of money to give up just for tax and the government.
I would of tried to register it out of state just to avoid paying that $3k.
Its possible to do it and in the end you would of had the $3k in your pocket.
I would of tried to register it out of state just to avoid paying that $3k.
Its possible to do it and in the end you would of had the $3k in your pocket.
04-05-06, 06:14 AM
#37
Originally Posted by UTGS400
Why would you pay property tax on something that depreciates? That makes no sense to me. 
looking at some of the yearly payments some people have to make texas FTW
Last edited by 4TehNguyen; 04-05-06 at 06:18 AM.
04-05-06, 06:16 AM
#38
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Originally Posted by gsrthomas
$3300 is ALOT of money to give up just for tax and the government.
I would of tried to register it out of state just to avoid paying that $3k.
Its possible to do it and in the end you would of had the $3k in your pocket.
I would of tried to register it out of state just to avoid paying that $3k.
Its possible to do it and in the end you would of had the $3k in your pocket.
Gotta love Tax evaders. Sheesh.
Then when the "gov't" doesn't fix the potholes you get pissed.
We pay 5% sales tax, then every year pay an excise tax. First year is based at 90% of MSRP, Second year is 60%, third year 40%, fourth at 20% then I think 10% every year afterwards.
The rate is $25 per $1000 of value. So my IS (assuming they go by MSRP of $29,900) would be something like $1076 per year. Luckily for me it's prorated by calendar year, so if my car comes next month, I'll just have to pay about $700 this first year. Same next year.
In CA sales tax is 8.x%, so tax there is like $1400 more up front. I'd rather have the lower sales tax, which applies everything else we buy (not to clothes or food though). I know in TN sales tax applies to everything under the sun, at almost 9%. OUCH!
Income tax here is 5%
04-05-06, 06:24 AM
#39
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Originally Posted by Kermee
I'd rather pay sales tax than state income tax (Washington State here). Every attempt to get a state income tax going here in Washington State has failed. Of course, sales tax is about a point higher than CA and property taxes are higher-than-average but in my case I don't buy large ticket items too often and do mail-order most of the time. Plus, sales tax is deductable off federal income taxes so there's a small savings there.
Cheers,
Kermee
Cheers,
Kermee
04-05-06, 09:20 AM
#40
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If you itemize your taxes you can deduct the sales tax on your vehicle purchase (or other big ticket purchases) if purchased before January 1, 2006. I don't believe a decision has been made yet if they are going to allow this deduction again this year. You also can take a deduction for other state sales tax paid. (See your tax advisor for further details)
04-05-06, 08:08 PM
#42
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Originally Posted by Dr C
kensteele:
You pay sales tax, in KS, on the purchase price of the automobile MINUS any trade in that you had. So, if you purchase a car for $40,000, with no trade in, you pay I think it's 6.5 % on 40k or $2,600. If you have a trade in for $25,000, then you pay 6.5 % on the 15k difference or $975. I'm sure that the automobile dealers in KS had something to do with this system. In MO, you actually have, as you said, 30 days in which to sell your own vehicle and you only have to pay the sales tax on the difference.
The only choice, if you sell your car yourself is to do what they call an "in-out" which means that you find a buyer for your car and take them with you when you purchase the new car. The dealer takes your car in trade and sells it one minute later to your buyer.
I've done this a number of times with several different dealers. When I found my Ferrari my seller took it to the same dealer where we bought our IS's. I traded my SC for the Ferrari that the dealer had purchased one minute earlier from my seller. It takes more organization but it's worth it over just eating the sales tax every time that you change cars.
but, then, you probably knew all of this .....
You pay sales tax, in KS, on the purchase price of the automobile MINUS any trade in that you had. So, if you purchase a car for $40,000, with no trade in, you pay I think it's 6.5 % on 40k or $2,600. If you have a trade in for $25,000, then you pay 6.5 % on the 15k difference or $975. I'm sure that the automobile dealers in KS had something to do with this system. In MO, you actually have, as you said, 30 days in which to sell your own vehicle and you only have to pay the sales tax on the difference.
The only choice, if you sell your car yourself is to do what they call an "in-out" which means that you find a buyer for your car and take them with you when you purchase the new car. The dealer takes your car in trade and sells it one minute later to your buyer.
I've done this a number of times with several different dealers. When I found my Ferrari my seller took it to the same dealer where we bought our IS's. I traded my SC for the Ferrari that the dealer had purchased one minute earlier from my seller. It takes more organization but it's worth it over just eating the sales tax every time that you change cars.
but, then, you probably knew all of this .....
Thank you
04-05-06, 11:07 PM
#43
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Yes the no sales tax thing is pretty sweet, but our income taxes are high as are our property taxes. And yes not being able to pump your own gas is maddening!! I would pay more to avoid having to deal with the gas pumping mouth breathers that work there.
Before I lived in Oregon and lived in Alaska, now that was sweet! No state income or sales taxes, plus you get a few thousand dollars a year in oil royalites just for living there!
Before I lived in Oregon and lived in Alaska, now that was sweet! No state income or sales taxes, plus you get a few thousand dollars a year in oil royalites just for living there!
04-06-06, 07:05 AM
#44
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KS resident also
My expirience was fortunately different in that my 04 GX 470 trade in resulted in only an approx diff of $3,000 on the purchase of the IS 250. My check was for $249. Gotta love that set up at 6000 Lamar with 30 stations open, they whip through a hundred people within a 10-12 minute wait. Great system for a county government operation.
05-09-06, 03:53 PM
#45
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Originally Posted by Solomoan
My expirience was fortunately different in that my 04 GX 470 trade in resulted in only an approx diff of $3,000 on the purchase of the IS 250. My check was for $249. Gotta love that set up at 6000 Lamar with 30 stations open, they whip through a hundred people within a 10-12 minute wait. Great system for a county government operation.