Outrageous Registration Fees

[BlackICE]

Virginia (Fairfax County) appraised mine at $165k in 2012 and $185k in 2013. 3.59% property tax annually on appraised value plus registration fees.

Wow! What are the real estate taxes like? I guess they get more revenue from property taxes in lieu of income taxes.

 

[Empty Pockets]

...3.59% PROPERTY TAX annually on appraised value plus registration fees.

I suppose the greedy *!^#@%#s collect that "property tax" on leased cars as well???

Good krymuny. That's just an absolutely OBSCENE amount of 'tribute'.

 

[Xcentric]

Wow! What are the real estate taxes like? I guess they get more revenue from property taxes in lieu of income taxes.

I paid more on the car than on my home.

 

[B. West]

California seems high but based on the formula, it can actually be less expensive than some other states (for these appreciating cars anyway) that base registration renewal fees on the fair market value like GA, which is where I'm from.

Vehicle License Fee

Varies

R&TC §§10751/10752.2

A Vehicle License Fee (VLF) is imposed on any vehicle subject to registration. The annual amount is based on the market value of the vehicle as determined by the DMV. The vehicle license fee is subject to late penalty. For fees due:

on or before June 30, 2011, the basic formula for calculating VLF: Purchase Price x VLF % (1.15%) x % in depreciation scale (100% to 15% over 11 years). For example: A $25,000 vehicle x 1.15% VLF x 90% (Year 2) = $260 VLF due. The vehicle license fee is subject to late penalty.
on or after July 1, 2011, the basic formula for calculating VLF: Purchase Price x VLF % (0.65%) x % in depreciation scale (100% to 15% over 11 years). For example: A $25,000 vehicle x 0.65% VLF x 90% (Year 2) = $147 VLF due.*