holy crap, highway use tax - do I have this right?? (Charlotte: insurance, how much)

[scorp200]

Thanks guys - sheesh in Florida we paid yearly registration and none of this. If I have to pay property taxes for my car then I want better street signs in Durham.!

[kc2sweet4ne1]

WOW~ Ok- I don't know if I understood this much. Please help.

How many of these fees are yearly? And how much?

If I buy a brand new car and I pay several hundred dollars to register it?

I'm sorry, but I'm from a different state where our tags are $30 a year and no emissions check so it is very inexpensive to take care of.

[mm34b]

Originally Posted by kc2sweet4ne1

WOW~ Ok- I don't know if I understood this much. Please help.

How many of these fees are yearly? And how much?

If I buy a brand new car and I pay several hundred dollars to register it?

I'm sorry, but I'm from a different state where our tags are $30 a year and no emissions check so it is very inexpensive to take care of.

Highway Use Tax (HUT) - A one-time state tax vehicle tax. Newcomers will pay $150 or less for each vehicle already registered in another state. Current NC residents (non-newcomers) pay 3% on future vehicles purchases. No state sales tax on motor vehicles in NC.

Property Tax - Annual tax. Tax rate varies depending on county and city of residency. A local government tax used to finance local area government services. To save money, live outside of city limits in a low tax rate county.

License Tag Renewal Fee - Annual fee. Paid to the state government.

Vehicle Safety & Emission Testing Fee - Annual fee. Not all counties require the emission test portion. Money goes to the central state government in Raleigh.

[miamiblue]

Originally Posted by scorp200

Thanks guys - sheesh in Florida we paid yearly registration and none of this. If I have to pay property taxes for my car then I want better street signs in Durham.!

When you buy a car in FL, you pay 8% sales tax. So, say you buy a new car for $20,000, that's another $1,600 added to a loan should you finance and are unable to cover that amount in your down payment. Then you're paying more in interest, so you're paying the bank instead of the state. The Man will get his money out of us one way or another.

I also don't think it was such a great idea for FL to get rid of the state inspections (they used to have them). You see so many junk cars ready to fall apart on the roads there that could turn into a major safety hazard at any moment. Yikes!

[miamiblue]

Originally Posted by kc2sweet4ne1

WOW~ Ok- I don't know if I understood this much. Please help.

How many of these fees are yearly? And how much?

If I buy a brand new car and I pay several hundred dollars to register it?

I'm sorry, but I'm from a different state where our tags are $30 a year and no emissions check so it is very inexpensive to take care of.

Originally Posted by mm34b

Property Tax - Annual tax. Tax rate varies depending on county and city of residency. A local government tax used to finance local area government services. To save money, live outside of city limits in a low tax rate county.

Also note that the Personal Property Tax is based on a (seemingly arbitrarily) determined tax value. I purchased a new car last year in NC and when I got my tax bill a couple months later they valued the vehicle at about $6,000 less than what it was actually worth. This value will depreciate each year to mirror a vehicle's actual depreciation. I don't know if the depreciation rates are based on actual market depreciation rates, but it seems that the tax values in general seemed way low (at least for my vehicle). I did not bother to complain about his!

[mm34b]

Originally Posted by miamiblue

Also note that the Personal Property Tax is based on a (seemingly arbitrarily) determined tax value. I purchased a new car last year in NC and when I got my tax bill a couple months later they valued the vehicle at about $6,000 less than what it was actually worth. This value will depreciate each year to mirror a vehicle's actual depreciation. I don't know if the depreciation rates are based on actual market depreciation rates, but it seems that the tax values in general seemed way low (at least for my vehicle). I did not bother to complain about his!

It's my understanding your county tax office uses those used car price guide publications such as NADA or Kelly Blue Book to determine motor vehicle value. If you feel the value assessed is too high, you can appeal as long as you have reasonable documentation to support your claim. Same goes with your home and land assessed value.

[saturnfan]

Yes, $30 is the going rate in emissions counties.

[Tony1790]

Ah, welcome to one of the 4 horsemen of the NC tax system. It is a low income, high tax state and the people are so good hearted that they don't mind being overtaxed, it's one of the reasons I haven't moved back to NC. It's a beautiful state and is wonderful, I just can't afford to live there, what with the high tax, low wages and high property values (western NC).

1. Income tax

2. Property tax (house, land)

3. Personal propery tax (boat, car, etc)

4. Sales tax

(5. "old" personal property tax was eliminated due to lawsuit, the "old personal property tax" taxed everything that you owned, furniture, lawn mower etc.)

Tony

[Bobb]

Originally Posted by miamiblue

Also note that the Personal Property Tax is based on a (seemingly arbitrarily) determined tax value. I purchased a new car last year in NC and when I got my tax bill a couple months later they valued the vehicle at about $6,000 less than what it was actually worth. This value will depreciate each year to mirror a vehicle's actual depreciation. I don't know if the depreciation rates are based on actual market depreciation rates, but it seems that the tax values in general seemed way low (at least for my vehicle). I did not bother to complain about his!

Well, they valued my other car 4-5 thousand dollars more then its worth and I could not get them to fix it. Then they changed it up and down for 2 years - dont get this at all.

[mm34b]

Originally Posted by Bobb

Well, they valued my other car 4-5 thousand dollars more then its worth and I could not get them to fix it. Then they changed it up and down for 2 years - dont get this at all.

During your appeal, did your county tax office provide you with the source documentation used to determine the vehicle's value? It's never been clear to me as to which industry pricing guide they use. There's a number of nationally recognized guides.