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Old 09-01-2016, 06:37 PM
 
86 posts, read 77,977 times
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Just went online to see how much I have to fork over for this year's car tax payment. Got a new Honda Odyssey early in the year which is gonna cost me $880!! That sounds pretty extreme....I moved into the area early in 2015 and had a car that was five years old and only paid $90 for the year.
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Old 09-01-2016, 06:58 PM
 
Location: Metro Washington DC
13,027 posts, read 19,853,706 times
Reputation: 7641
The car tax is the one thing I hate about this state.
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Old 09-01-2016, 07:03 PM
 
Location: Northern VA
94 posts, read 83,855 times
Reputation: 41
It's a pain in the #$%@.
That's low but I guess that's for a partial year.
First year payment for a average $34000 new car could be as high as about $1200-1400.
If you buy closer to the end of the year, I think you get the benefit of the Blue Book value (lower) for the second year.
Thankfully my minivan (VW Caravan version) depreciated extensively after a year.
The tax is more painful for cars that maintain value well.
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Old 09-01-2016, 07:04 PM
 
Location: Chester County, PA
1,077 posts, read 1,427,128 times
Reputation: 1033
The tax increases significantly on cars with values over $20k. Significant relief is provided from the state up to $20k in value, but after that, you pay the full tax rate, I believe, which makes a significant difference. One of the reasons for the steep increase, I would suspect.
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Old 09-01-2016, 08:35 PM
 
1,188 posts, read 1,818,438 times
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If the car is worth less than $20K the car tax is:

(car value * 0.017) so a $15K car has a tax of $255.

If more than $20K:

340 + (car value - 20000)*0.0457 so a $40K car has a tax of ~$1260

For Fairfax County - other counties will be pretty close. You also get to pay it next year too, but it is deductible on your taxes if you itemize.
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Old 09-02-2016, 04:43 AM
 
10,596 posts, read 12,088,527 times
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Our 2015 Subaru Outback is around $660 (it's new and valued at around $30K). The rest of my cars (newish but cheapos like a Jetta and Elantra) are all under $200 each.
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Old 09-02-2016, 05:30 AM
 
Location: Falls Church, VA
540 posts, read 638,763 times
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The car tax is a good, progressive tax. Hits people who can afford it the most. But it does have to be figured in the overall state tax burden when comparing to other states. The government needs money to run so it is going to come from somewhere (income, sales, property, personal property).
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Old 09-02-2016, 05:53 AM
 
179 posts, read 225,411 times
Reputation: 225
Quote:
Originally Posted by Germany2DC View Post
Just went online to see how much I have to fork over for this year's car tax payment. Got a new Honda Odyssey early in the year which is gonna cost me $880!! That sounds pretty extreme....I moved into the area early in 2015 and had a car that was five years old and only paid $90 for the year.
So you think you should be able to drive on VA roads for free? Either drive a beater or get a clue about the costs of driving in VA.
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Old 09-02-2016, 06:19 AM
 
Location: Chester County, PA
1,077 posts, read 1,427,128 times
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Quote:
Originally Posted by Fallout Zone View Post
The car tax is a good, progressive tax. Hits people who can afford it the most. But it does have to be figured in the overall state tax burden when comparing to other states. The government needs money to run so it is going to come from somewhere (income, sales, property, personal property).
It's a good progressive tax to the extent wealthier people buy more expensive cars, which, on the whole, is probably true. But, there are plenty of poorer people who buy way more car than they can afford and plenty of wealthier people who choose to buy much less car than they could otherwise afford, making the tax not as progressive as say an income tax.

Of course, also of note is that the tax is deductible on your federal return (assuming you itemize deductions) and that deduction is generally worth more the more income you have, making the true effect of the car tax even less progressive.
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Old 09-02-2016, 06:25 AM
 
Location: Metro Washington DC
13,027 posts, read 19,853,706 times
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Quote:
Originally Posted by Eagle4Life View Post
So you think you should be able to drive on VA roads for free? Either drive a beater or get a clue about the costs of driving in VA.
What a ridiculous comment. Most states do not have a car tax like this one and they have roads too.
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