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Old 02-29-2012, 11:56 AM
 
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Default MN vehicle registration tax

So we bought a new car in 2011. We need to renew the tags/registration. The cost is $400. I believe this is after paying a healthy registration tax at the time of purchase. When do we start paying the "normal" renewal fees of like $35 or $50? Next year??
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Old 02-29-2012, 12:05 PM
 
Location: Mahtomedi, MN
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Quote:
Originally Posted by TimtheGuy View Post
So we bought a new car in 2011. We need to renew the tags/registration. The cost is $400. I believe this is after paying a healthy registration tax at the time of purchase. When do we start paying the "normal" renewal fees of like $35 or $50? Next year??
It is 10 years until you pay the minimum of about $35. I just paid $150 for my 2004 F150. Progressive? I think oppressive for sure.
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Old 02-29-2012, 12:09 PM
 
Location: Mableton, GA USA (NW Atlanta suburb, 4 miles OTP)
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Quote:
Originally Posted by Clifford63 View Post
It is 10 years until you pay the minimum of about $35. I just paid $150 for my 2004 F150. Progressive? I think oppressive for sure.
Georgia does the same thing with its ad valorem tax on cars.
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Old 02-29-2012, 12:14 PM
 
Location: Mahtomedi, MN
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Originally Posted by rcsteiner View Post
Georgia does the same thing with its ad valorem tax on cars.
I could see maybe 2% value of the vehicle as legit. 10% is rape. Just another reason we see Florida and Arizona plates on the rise. Retired folk and have figured out there is no reason to fork over 6% income tax and crazy high registration fees. All they need to do is spend 6 months in another state and come back for the best weather of the year.
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Old 02-29-2012, 12:17 PM
Status: "there are no kings inside the gates of Eden" (set 3 days ago)
 
Location: Bel Air, California
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it actuallyy depends on the blue book value of when it hits the $35 minimum and can be as little as 7 years. Tables start on page 10 of this manual...

https://dps.mn.gov/divisions/dvs/for.../TaxManual.pdf

IIRC the fees use to be worse and I think Jesse had someyhing to do with relaxing them "a bit"
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Old 03-01-2012, 07:14 AM
 
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Is this high tax fee on plates in lieu of a property tax levy at the local level or in addition?
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Old 03-01-2012, 08:48 AM
 
Location: Mahtomedi, MN
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Quote:
Originally Posted by WILWRadio View Post
Is this high tax fee on plates in lieu of a property tax levy at the local level or in addition?
Property tax is completely separate. MN has one of the most complicated formulas in the nation in regards to how they calculate it. They split property tax between city, county and state, plus there can be local levies on top of normal property tax. Normally you see property tax at about 1% of the property value per year.
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Old 03-01-2012, 08:53 AM
 
Location: MN
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Quote:
Originally Posted by WILWRadio View Post
Is this high tax fee on plates in lieu of a property tax levy at the local level or in addition?
Quote:
Originally Posted by Clifford63 View Post
Property tax is completely separate. MN has one of the most complicated formulas in the nation in regards to how they calculate it. They split property tax between city, county and state, plus there can be local levies on top of normal property tax. Normally you see property tax at about 1% of the property value per year.
WILWRadio might be talking about a property tax on the car. Some other states charge a "personal property tax" on basically everything that you own.
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Old 03-01-2012, 09:10 AM
 
Location: Mableton, GA USA (NW Atlanta suburb, 4 miles OTP)
9,913 posts, read 13,515,261 times
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Quote:
Originally Posted by Clifford63 View Post
I could see maybe 2% value of the vehicle as legit. 10% is rape. Just another reason we see Florida and Arizona plates on the rise. Retired folk and have figured out there is no reason to fork over 6% income tax and crazy high registration fees. All they need to do is spend 6 months in another state and come back for the best weather of the year.
10%? It's never that high, is it? The most I ever remember paying is around $300, and for a $15,000 car that would be exactly 2%.
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Old 03-01-2012, 09:19 AM
 
Location: Mahtomedi, MN
989 posts, read 1,765,611 times
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Quote:
Originally Posted by rcsteiner View Post
10%? It's never that high, is it? The most I ever remember paying is around $300, and for a $15,000 car that would be exactly 2%.
I think I lost a zero. Seem like 1% is the correct calculation. I have an older truck and a newer car, and both seem to be around 1%.
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