Thread: Followed Me Home, '33 Build

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Originally Posted by lamin8r

Have been watching this thread,and I have enjoyed your build..Looks kool..I also like your megs..
The thing that scares me is this property tax you guys are talking about...Is it a licensing type thing? or is it another way of them screwing you guys who build/restore a car??We pay a registration fee like anyone else,annually,to drive our cars,and I am just wondering if this is the same?Which comes down to this,,does a scratch build cost more to put on the road than a restored vehicle??

Thanks, lamin8r. In Kansas we pay a small license/registration fee annualy for each vehicle, but the bulk of the county revenue is via personal property tax which is levied on your house, trailers, and vehicles of all kinds. Vehicle property tax is collected at the vehicle registration time, to get tags or annual stickers for existing tags, and it based on the assessed value of the vehicle - a new $60k vehicle may pay $1200 the first year, decreasing as the cars value drops (my old '90 F150 is about $50). When you purchase a vehicle the seller generally does not collect sales tax, which is also due to the state, county and local governments. Mine is about 8.5%, a one time hit. We tend to lump it all into "property tax" due at registration, and the big unknown is the assessed value determined by the DMV. Other states are different. This is part of the issue in CA now - some of the big guys were getting a new high dollar build assessed and licensed in another state, then bringing it into CA and paying annual property tax on $30k vs $300k.