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Old 08-16-2007, 09:36 AM
 
59 posts, read 171,579 times
Reputation: 75

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While on the Ky.Dept. of Revenue web site, I noticed something called an "advalorem tax" on autos, which is due annually during the month of the owners birth. Can anyone tell me exactly what this is and how it's calculated? After many enjoyable trips to Kentucky, we are seriously considering Ky. as our final retirement destination. Coming from a high tax state (Wisconsin), we really want to make sure of what to expect tax and fee wise so as to avoid any unpleasant surprizes. Has anyone who's relocated to Ky. found any unexpected fees or taxes that had they known about, may have effected thier decision? Also, are there any taxes on personal property, such as boats, ATVs, jewelry etc.?
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Old 08-16-2007, 07:01 PM
 
Location: Louisville KY Metro area
4,824 posts, read 12,799,791 times
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It's the property tax that Kentucky charges based on the NADA value of your year make & model. The tax has been argued in Kentucky Legislature several times, but Kentucky lawmakers are just like any other politician. They never met a tax they didn't like.
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Old 08-17-2007, 10:58 PM
 
Location: Apex, North Carolina [Shepherds Vineyard Subdivision]
269 posts, read 1,010,868 times
Reputation: 101
Question Advalorem tax

I had heard about this annual vehicle tax before and was worried about it, nice to see someone knows the details. Now my question to add to this, is this instead of a annual registration fee or on top of? We too are moving out that way by next summer and we too don't want any surprises. Coming from CA our annual registration fee starts with a calculation of about 2.2% of the vehicles purchase price, then goes down each year by a % equation. Is it similar in the calculation of value? Inquiring minds want to know. Thanks!
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Old 08-18-2007, 06:01 AM
 
Location: Louisville KY Metro area
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Kentucky charges a "tag" fee which is slang for registration. Until early 1980's, technology required a new license plate instead of just a decal to place on a plate. We get new plates every 4 or 5 years now. The really bad news however is, that Kentucky will charge you an advalorem tax too. Our 2006 BMW 530x has a $ 391.00 total tag plus tax fee. My 1993 Ford Ranger 4x4 which I use for hauling firewood, trips to Lowe's & Home Depot, etc. was about $ 45.00. I couldn't find the tax for our 04 Ford Expedition (Eddie Bauer), but I think it was about $ 260.00
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Old 08-18-2007, 08:32 AM
 
Location: Beautiful Kentucky
820 posts, read 2,591,039 times
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Most of the fees that Tomcox reports are the taxes. The registration fee is only $12.00 or so.
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Old 08-18-2007, 09:23 AM
 
Location: Apex, North Carolina [Shepherds Vineyard Subdivision]
269 posts, read 1,010,868 times
Reputation: 101
Smile Tax

Good to know, thanks for that info. Does get a bit confusing with the differences between each state. That tax does sound about the same $$ amount as here in CA so your not alone with the fees. Thanks again!
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Old 08-18-2007, 06:36 PM
 
Location: Louisville KY Metro area
4,824 posts, read 12,799,791 times
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good point, bluegrassgirl. I was remiss in not pointing that fact out. Thank you.
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Old 08-18-2007, 08:07 PM
 
59 posts, read 171,579 times
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I understand that it is a tax based on age or valueof the vehicle. Can anyone explain how the tax is calculated?
Thanks
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Old 08-18-2007, 09:06 PM
 
Location: Louisville KY Metro area
4,824 posts, read 12,799,791 times
Reputation: 2116
This is not very clear, but it's the official state page:

Kentucky: Department of Revenue - Motor Vehicle Taxing Methods

It explains how Kentucky taxes automobiles.
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Old 09-28-2009, 05:16 PM
 
102 posts, read 265,848 times
Reputation: 50
I just moved here and found out about this tax today. Any other states do something this stupid?

Hard to believe how the state rapes and fleeces every car owner in the state for thousands of dollars.
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