Vehicle Tax for newcomers (Charlotte, Huntersville: apartment, renting, property tax)

[tedebear]

Ive been trying to figure out the amount of taxes we should be expecting to pay for our 2007 Rav 4. I know now we need to pay a 150$ HUT fee, is there any else? Something was said about getting a property tax bill yearly on vehicles on top of the registration costs. Is this true also if we are renting an apartment?

Anyone have a a vehicle close to this that can give me an approx. of what you pay?

Thanks for the help!

[Sean_CLT]

Depends on the county where you register it. The state registration fee is trivial, around $30. The property tax is assessed by the county.

I don't think it'll be unreasonable on a 5 year old vehicle though. A few hundred dollars or so.

My car is 12 years old and the county taxes/fees are around $70. It's one reason I keep fixing and driving it.

[GCharlotte]

Originally Posted by tedebear

Ive been trying to figure out the amount of taxes we should be expecting to pay for our 2007 Rav 4. I know now we need to pay a 150$ HUT fee, is there any else? Something was said about getting a property tax bill yearly on vehicles on top of the registration costs. Is this true also if we are renting an apartment?

Anyone have a a vehicle close to this that can give me an approx. of what you pay?

Thanks for the help!

If you are moving to Charlotte you will pay 1.2536 per $100 of assessed value on the car annually. There's an auto fee for Charlotte, Cornelius, Huntersville, Matthews, and Mint Hill that like the other poster said is cheap.

It doesn't matter where you live, you pay taxes on automobiles.

[coped]

Originally Posted by tedebear

Ive been trying to figure out the amount of taxes we should be expecting to pay for our 2007 Rav 4. I know now we need to pay a 150$ HUT fee, is there any else? Something was said about getting a property tax bill yearly on vehicles on top of the registration costs. Is this true also if we are renting an apartment?

Anyone have a a vehicle close to this that can give me an approx. of what you pay?

Thanks for the help!

Going off a $21,000 blue book value and assuming you live in Charlotte, about $260. It will not be significantly different in the other counties.

[tedebear]

so the value of my vehicle never goes down? Is the 1.2% rate the lowest it will go? Just asking because the 1.25 of 21000 is the 260 but the car I hope is worth less being 5 years old haha.

[Sean_CLT]

It's an ad-valorum tax.. based on assessed market value. You can ask for the tax board to review the valuation if you think it's too high.

But for most people it's not worth the bother. Cut $1000 off your vehicle asessment, save $12. Whoop-te-doo.

[tedebear]

So the 1.2536 mil rate is for a 5 year old vehicle?

[coped]

Originally Posted by tedebear

so the value of my vehicle never goes down? Is the 1.2% rate the lowest it will go? Just asking because the 1.25 of 21000 is the 260 but the car I hope is worth less being 5 years old haha.

Suggested retail value for the 2007 Rav4 is 21000 in excellent condition. They might go with the private party value of $15-$16000, in which case it would be closer to $200. Not sure what price estimate they use. Either way, you can count on at least $200. It does go down year over year.

[coped]

Originally Posted by tedebear

So the 1.2536 mil rate is for a 5 year old vehicle?

The mil rate does not change, just the value of your car.

[tedebear]

All the sites say Excellent retail (delearship) value is 14,500. It does have 91,000 miles on it.