When I bought my car from a person in Minnesota & took it to get
licensed here in AZ, theDMV cleck asked what the car was worth because
it was noy in their book. Being honest, I told them I has paid $12K
for it. No they said, what did the car cost new? I guessed $2500.
Ok the clerk said & got out a depreciation table and said that it was
now worth $100 in terms of what was used to determine its annual
property tax. I thought I should fight for the honor of my LBC, but
greed got the better of me & I said that sounded just about right! :-)
John
On 19 Feb, 2009, at 7:51 PM, John Innis wrote:
> Iowa does the same thing to us. This is to get out of people lying
> about the sale price of a vehicle. Last year my parents gave my wife
> an old truck. We didn't pay a dime for it, but still had to pay Iowa
> sales tax on it.
>
> On Thu, Feb 19, 2009 at 8:42 PM, Andrew Uprichard
> <auprichard@comcast.net> wrote:
>> Three weeks ago I bought a TR250 (obviously in need of total
>> restoration) in
>> PA for $750. This car had a title, so I took it into the MA DMV to
>> pay the
>> 5% sales tax. $750 x 0.05 = $37.50, right ? But no, they said the
>> car was
>> worth $3500 and made me pay $175.
>>
>> I guess I should have brought a picture.......
>>
>> Andrew Uprichard
>> _______________________________________________
>>
>> Support Team.Net http://www.team.net/donate.html
>>
>> This list supported in part by the Vintage Triumph Register
>> http://www.vtr.org
>>
>>
>> Triumphs@autox.team.net
>> http://autox.team.net/mailman/listinfo/triumphs
>>
>> You are subscribed as jdinnis@gmail.com
>>
>> http://www.team.net/archive
>>
>
>
>
> --
> =================================
> = Never offend people with style when you =
> = can offend with substance --- Sam Brown =
> =================================
> _______________________________________________
>
> Support Team.Net http://www.team.net/donate.html
>
> This list supported in part by the Vintage Triumph Register
> http://www.vtr.org
>
>
> Triumphs@autox.team.net
> http://autox.team.net/mailman/listinfo/triumphs
>
> You are subscribed as 60tr3a@cox.net
>
> http://www.team.net/archive
John A. Wise
Glendale, AZ
1960 Triumph TR3A
Commission No: TS80422L
http://members.cox.net/60tr3a/
http://www.triumphowners.com/876
1977 Porsche 911S
http://members.cox.net/porsche911s/
_______________________________________________
Support Team.Net http://www.team.net/donate.html
This list supported in part by the Vintage Triumph Register
http://www.vtr.org
Triumphs@autox.team.net
http://autox.team.net/mailman/listinfo/triumphs
http://www.team.net/archive
|