Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Minnesota
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-29-2012, 11:56 AM
 
5,341 posts, read 14,134,112 times
Reputation: 4699

Advertisements

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??
Reply With Quote Quick reply to this message

 
Old 02-29-2012, 12:05 PM
 
Location: Mahtomedi, MN
989 posts, read 2,960,660 times
Reputation: 329
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.
Reply With Quote Quick reply to this message
 
Old 02-29-2012, 12:09 PM
 
Location: Mableton, GA USA (NW Atlanta suburb, 4 miles OTP)
11,334 posts, read 26,074,740 times
Reputation: 3995
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.
Reply With Quote Quick reply to this message
 
Old 02-29-2012, 12:14 PM
 
Location: Mahtomedi, MN
989 posts, read 2,960,660 times
Reputation: 329
Quote:
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.
Reply With Quote Quick reply to this message
 
Old 02-29-2012, 12:17 PM
 
Location: Bel Air, California
23,766 posts, read 29,034,674 times
Reputation: 37337
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"
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 07:14 AM
 
6,334 posts, read 11,079,567 times
Reputation: 3085
Is this high tax fee on plates in lieu of a property tax levy at the local level or in addition?
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 08:48 AM
 
Location: Mahtomedi, MN
989 posts, read 2,960,660 times
Reputation: 329
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.
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 08:53 AM
 
Location: MN
1,669 posts, read 6,232,976 times
Reputation: 959
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.
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 09:10 AM
 
Location: Mableton, GA USA (NW Atlanta suburb, 4 miles OTP)
11,334 posts, read 26,074,740 times
Reputation: 3995
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%.
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 09:19 AM
 
Location: Mahtomedi, MN
989 posts, read 2,960,660 times
Reputation: 329
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%.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Minnesota
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top