🚀 go-pugleaf

"T" <seventhregiment@hotmail.com> writes:
>
> yeah i pay $2100 for 6mths here in NY but I read that they will try to
> charge me 4.57 per 100 dollars of value??????????????/////     thats 1000
> bucks

Yes.  And if your car's current book value is $21,000, then you will pay
$1000 in personal property tax for the year.  (Pro-rated if you move in
during the year.)

But you're still saving money, because your insurance here won't be
$4200 a year.  You'll almost certainly save over $1000 in insurance.

And keep in mind that next year, when your car's a year older, it will
be worth less, and you'll pay less tax on it.

And also note that this is property tax, not some other kind of tax.  It
is deductible from federal income tax.  If you itemize deductions, that
will offset the amount somewhat.

> i heard that its a dead tax?  is it still alive?

The governor campaigned on a platform of eliminating it.  It's being
phased out, but it won't ever be completely gone.  I think the idea now
is that cars whose value is over $20,000 will be taxed on the amount
over $20,000.

> what counties dont have one? which county has the highest?

Every county and incorporated city has it.  They all set different
rates.  If you call the county (or city) courthouse, they'll tell you
the rate and which book they use for evaluation.

-- David