Holy crap. I just looked it up, and the personal property tax there is 4.2%!!!
That is ridiculous.
That is ridiculous.
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"Value" is subjective.
That's the problem.
I get it, but I disagree with it being a "non-necessity". I still have to drive anywhere - work, home depot, etc. There's not really a feasible public transportation option.Some bad news for you, the amount taxed for this is going to be collected one way or another. Personally, I don't see much wrong with a use tax on a non-necessity that is weighted based on the value of the widget
Plus my town tacks on another 1.05% and a $25 annual "vehicle license fee".Holy crap. I just looked it up, and the personal property tax there is 4.2%!!!
That is ridiculous.
Yep, McNuggets add up fastI think it's like $40-50/yr or something like that.
Doesn't sound like it's any surprise, value might be subjective to you but it is certainly objective in this case. It's codified.
I get it, but I disagree with it being a "non-necessity". I still have to drive anywhere - work, home depot, etc. There's not really a feasible public transportation option.
Although, technically, I could walk down to take a bus to get to another bus to get to the metro, but I'd have to plan like 3 hours to get to work.
I thought about that. I'd love for that to be the case - they have to be willing to buy the car for that amount if they're going to assess it at that price.So when the taxman says, "Your vehicle is worth $50,000" can you say, "SOLD! YOU CAN HAVE IT FOR THAT PRICE!"
Ultimately, I guess everything in our lives is a choice.These seem like choices to me unless you're a contractor and actually need to go to home depot or your job site changes regularly. Even still, those are choices
Ultimately, I guess everything in our lives is a choice.
I'd still say that unless you live somewhere like NYC or Boston, having a car is a necessity - as a practical matter.
PoserI live in South Dakota. What you are describing is foreign to me. No F'ing way would I continue to pay an annual tax in personal property tax on something I've already paid sales tax on. This is literally a wealth tax.
OP, move to SoDak. It's a great state and I'd love to have you here. Vote with your feet.
Virginia? Lol idk but f their cops. Got me speeding and I sent a local attorney their way. Dropped better than Skrillex could have envisioned.Doesn’t VA require all sorts of stickers on your windshield? Safety sticker, county sticker? It’s been 25 years since I owned a car there so my memory is spotty.
I looked up houses for sale in Arlington a few weeks ago. Daaaaamnnnn.I'm in Loudoun County. No local income tax. Sales tax and restaurant tax though.
I actually got a headhunter call to be noehm’s chief counsel. Boy would that have been a misfit. But sd was an attractive propositionI live in South Dakota. What you are describing is foreign to me. No F'ing way would I continue to pay an annual tax in personal property tax on something I've already paid sales tax on. This is literally a wealth tax.
OP, move to SoDak. It's a great state and I'd love to have you here. Vote with your feet.
Yep. Combination of close in suburb and effect of Amazon hq2.I looked up houses for sale in Arlington a few weeks ago. Daaaaamnnnn.
Or really any major city
Plus my town tacks on another 1.05% and a $25 annual "vehicle license fee".
Unfamiliar with this "personal" property tax of which OP speaks,.. In Iowa we pay an annual property tax on the current value of your residence, a one time sales tax on the purchase of any vehicles, and an annual vehicle registration fee to license each of those vehicles,.. In addition to the normal Federal/State income, sales and capital gains taxes.
Well, yeah, but we're a country that is essentially continental in size, and there aren't that many of them out there.Very few cities have both affordable housing and convenient mass transit. We have built a country that requires a vehicle for almost everyone.
I don’t think many states tax PP. Some districts in Texas did, when I was there. But it was very small. They also taxed business PP - office supplies, inventory, etc. Which was crazy because they taxes gas and oil wells at their market value, which brought in TONS of money.
Very few cities have both affordable housing and convenient mass transit. We have built a country that requires a vehicle for almost everyone.
Interestingly, VA used to be much worse -- no cap on the tax. I believe it was Gilmore who saw the political genius of running for governor on cutting the car tax, and won pretty quickly.So glad Georgia scrapped the annual car tax several years ago. Still get taxed when the vehicle is bought but at least annually I only have to pay a small registration fee.
I learned today that he was able to get a 20% credit for the personal property tax. So there's an assessed value, and then a taxed value that's 20% less - for the first $20k of assessed value. So if you have a $100k car, you're getting a break on $20k, and full fare on the remaining $80k.Interestingly, VA used to be much worse -- no cap on the tax. I believe it was Gilmore who saw the political genius of running for governor on cutting the car tax, and won pretty quickly.
Yeah, the counties each decide if they have an emissions requirement. It's generally the closer in suburb counties that do, and the further out, more rural counties that don't have it. I think the test is only $20 or $25, but if you fail you have to fix the problem and pass before you can renew your registration.Have a buddy that worked in DC, not sure what state he lived in though. Might have been VA.
Anyways, he said he had to take his car to get inspected for emissions. Sounds like everyone does.
If you failed you needed to pay for any fix.
I'm like, "We don't have that crap in Iowa."
He did live in a good neighborhood, uncle had a >$1m house.
This is why I pretty much always buy a gently used car. First year depreciation is crazy, and the reality is, cars are incredibly reliable these days. It's also a reason I'd be unlikely to go electric.I learned today that he was able to get a 20% credit for the personal property tax. So there's an assessed value, and then a taxed value that's 20% less - for the first $20k of assessed value. So if you have a $100k car, you're getting a break on $20k, and full fare on the remaining $80k.
I get that a) I chose to live here, and b) there are worse places for taxes, but it still feels like they're skinning the same cat a whole lot of different ways. I've got:Bottom line is they all need to collect a certain level of tax dollars to accommodate the budget,.. Multiple ways to skin a cat.
I'm not "they"! I work with "they" a lot but not for them.Is the OP aware that he is “they”?
Do you also get to pay tolls on the Greenway?I get that a) I chose to live here, and b) there are worse places for taxes, but it still feels like they're skinning the same cat a whole lot of different ways. I've got:
Fed income tax
State income tax
County personal property tax
County real estate tax
Local personal property tax
Sales tax
Restaurant tax
Fuel tax
And of course I recognize that there are services being provided with that money. The schools are good (even if they're in the national news too often), the roads are good, plenty of police and fire/rescue, good fireworks shows every 4th of July, etc. I just wish they didn't have to get into my pockets in so many different ways!
I think every teacher that my daughter had in school commuted in from WV. A LOT of people that drive into Tyson's do too. I'm ~40 minutes from work and an hour from DC - that's about the right distance for me. I'm close to the mountains and the wineries and Harper's Ferry, etc. but not too far from where I need to go. Moving across the border adds another 30 minutes each way.You could cut that in half by moving over to Jefferson Co. But I assume those taxes are also why teachers that live in WV commute to Loudon to double their salary. I've known many that have done that.
Oh yeah, that's a whole other thing! When I drive into work or that direction I usually take the greenway/tollway. Pre-covid when it was every day I was spending ~$30/day in tolls and gas commuting to/from work.Do you also get to pay tolls on the Greenway?