Cali Registration Renewal Costs
#166
As I stated earlier, people will vote to repeal it because of the talking points. “It will raise more $ for our schools, police” etc etc and the sheep will vote for it because they rent and figure it doesn’t effect them. They will be too dumb to look down the road and see there rents rising even more than they do now.
#167
Rennlist Member
Thread Starter
As I stated earlier, people will vote to repeal it because of the talking points. “It will raise more $ for our schools, police” etc etc and the sheep will vote for it because they rent and figure it doesn’t effect them. They will be too dumb to look down the road and see there rents rising even more than they do now.
#168
Rennlist Member
Over half of Californians are homeowners. Figure a large percentage are aspiring homeowners. Another chunk are smart enough to know that, as renters, they will feel some pain if Prop 13 is repealed for residential properties.
There is no way an initiative will leave middle-class retirees that bought back in the day with a +$20k annual bill, or it will never pass.
Then consider that, if repealed, there will be a reduction of home values that actually reduces tax revenue on properties bought in the last ~5 years, while putting owners upside-down on their loans (anybody remember what happened in 2007?), and it's a lose-lose for everybody.
I just don't see it happening.
A split-roll initiative for commercial properties is a different story, as is repeal of Props 58 and 193, which allow younger family members to assume parents and grandparents tax base on inherited properties.
There is no way an initiative will leave middle-class retirees that bought back in the day with a +$20k annual bill, or it will never pass.
Then consider that, if repealed, there will be a reduction of home values that actually reduces tax revenue on properties bought in the last ~5 years, while putting owners upside-down on their loans (anybody remember what happened in 2007?), and it's a lose-lose for everybody.
I just don't see it happening.
A split-roll initiative for commercial properties is a different story, as is repeal of Props 58 and 193, which allow younger family members to assume parents and grandparents tax base on inherited properties.
#169
Three Wheelin'
Seattle is higher
$1450? puh-lease, my bill for registering a 2016 Cayman GT4 in Seattle, 2017 was higher than that.
Get this; they tricked the voters into using a falsely high depreciation schedule to calculate car taxes not based in reality where a 3 yr old car is taxed at value of 95% of MSRP. So it is not just a high taxation rate, the assessed value is artificially high also.
$1450? puh-lease, my bill for registering a 2016 Cayman GT4 in Seattle, 2017 was higher than that.
Get this; they tricked the voters into using a falsely high depreciation schedule to calculate car taxes not based in reality where a 3 yr old car is taxed at value of 95% of MSRP. So it is not just a high taxation rate, the assessed value is artificially high also.
They are still assessing my 4yr old S3 ~90% of MSRP. I can live with the 1% transit tax , but at least tax it right for god sake
#170
Rennlist Member
Completely agree, Seattle is ridiculous by pricing our registration fees at MSRP for 10 or so years? Would love to sell any my cars for MSRP a few years down the road. The city of mindless intellectuals
#172
Race Director
Over half of Californians are homeowners. Figure a large percentage are aspiring homeowners. Another chunk are smart enough to know that, as renters, they will feel some pain if Prop 13 is repealed for residential properties.
There is no way an initiative will leave middle-class retirees that bought back in the day with a +$20k annual bill, or it will never pass.
Then consider that, if repealed, there will be a reduction of home values that actually reduces tax revenue on properties bought in the last ~5 years, while putting owners upside-down on their loans (anybody remember what happened in 2007?), and it's a lose-lose for everybody.
I just don't see it happening.
A split-roll initiative for commercial properties is a different story, as is repeal of Props 58 and 193, which allow younger family members to assume parents and grandparents tax base on inherited properties.
There is no way an initiative will leave middle-class retirees that bought back in the day with a +$20k annual bill, or it will never pass.
Then consider that, if repealed, there will be a reduction of home values that actually reduces tax revenue on properties bought in the last ~5 years, while putting owners upside-down on their loans (anybody remember what happened in 2007?), and it's a lose-lose for everybody.
I just don't see it happening.
A split-roll initiative for commercial properties is a different story, as is repeal of Props 58 and 193, which allow younger family members to assume parents and grandparents tax base on inherited properties.
Support for Prop 13’s method of assessing residential property values is considerably more divided by age, race, and social class than views on commercial reform. Respondents who were age 18-39, Latinos, Blacks, lower income, born outside the U.S., or who have less formal education were most opposed to the current methods of assessment. The strength of opposition is particularly striking among younger and Latino voters. Seventy-one percent of Latinos and 62% of younger voters opposed Prop 13 protections for homeowners. This may be because they are not benefitting from the homeowner protections (the value of their homes may not be increasing as rapidly as in high income neighborhoods), or they may be paying or expecting to pay higher taxes as recent or future purchasers of a home. Respondents who were age 30-39 (n=80), the prime first-home buying age, were by far the most opposed to the current rules for assessing homes, with 79% disapproving and only 16% approving.
http://www.csueastbay.edu/sss/files/...roposition.pdf
#173
Rennlist Member
A very detailed study disagrees with you, Alan.
Support for Prop 13’s method of assessing residential property values is considerably more divided by age, race, and social class than views on commercial reform. Respondents who were age 18-39, Latinos, Blacks, lower income, born outside the U.S., or who have less formal education were most opposed to the current methods of assessment. The strength of opposition is particularly striking among younger and Latino voters. Seventy-one percent of Latinos and 62% of younger voters opposed Prop 13 protections for homeowners. This may be because they are not benefitting from the homeowner protections (the value of their homes may not be increasing as rapidly as in high income neighborhoods), or they may be paying or expecting to pay higher taxes as recent or future purchasers of a home. Respondents who were age 30-39 (n=80), the prime first-home buying age, were by far the most opposed to the current rules for assessing homes, with 79% disapproving and only 16% approving.
http://www.csueastbay.edu/sss/files/...roposition.pdf
Support for Prop 13’s method of assessing residential property values is considerably more divided by age, race, and social class than views on commercial reform. Respondents who were age 18-39, Latinos, Blacks, lower income, born outside the U.S., or who have less formal education were most opposed to the current methods of assessment. The strength of opposition is particularly striking among younger and Latino voters. Seventy-one percent of Latinos and 62% of younger voters opposed Prop 13 protections for homeowners. This may be because they are not benefitting from the homeowner protections (the value of their homes may not be increasing as rapidly as in high income neighborhoods), or they may be paying or expecting to pay higher taxes as recent or future purchasers of a home. Respondents who were age 30-39 (n=80), the prime first-home buying age, were by far the most opposed to the current rules for assessing homes, with 79% disapproving and only 16% approving.
http://www.csueastbay.edu/sss/files/...roposition.pdf
#174
Race Car
Deleted
Last edited by goin2drt; 04-21-2019 at 02:27 PM.
#175
Three Wheelin'
Welcome to the Socialist Repulik of Kalifornia. Where the wealthy and those with assets need to pay for the free loaders, illegal folks and those that do not put one dime into the system. Good news is the folks there based on this thread have ZERO problem with it so good for them. They are happy to share their wealth with those in need and that is all that counts in life.
#176
Race Director
But yeah, it is depressing.
#177
this whole thread makes me sad. I’m sorry that you feel so slighted by the home state of many people here that you feel the need to resort to Trump-style low brow insults. It makes me not want to come here. This thread started as a simple discussion around registration costs and has turned into republicans against California. I hope the moderators delete this thread as it’s clearly against the rules and spirit of the forum.
#178
Race Director
this whole thread makes me sad. I’m sorry that you feel so slighted by the home state of many people here that you feel the need to resort to Trump-style low brow insults. It makes me not want to come here. This thread started as a simple discussion around registration costs and has turned into republicans against California. I hope the moderators delete this thread as it’s clearly against the rules and spirit of the forum.
And just for the record i didn’t vote for Trump.
#179
this whole thread makes me sad. I’m sorry that you feel so slighted by the home state of many people here that you feel the need to resort to Trump-style low brow insults. It makes me not want to come here. This thread started as a simple discussion around registration costs and has turned into republicans against California. I hope the moderators delete this thread as it’s clearly against the rules and spirit of the forum.
There is a potential offset to the registration costs. In Nevada, if you buy a used car from a non-dealer, private party, you avoid any sales tax. I was considering doing that with a good PPI, and I think it's not a bad strategy to avoid $10k in sales tax on a used GT3. That savings ameliorates the higher registration costs for a few years.
As to the rest of your post, I consider myself fiscally conservative (teach a man to fish and feed him for a lifetime) and socially tolerant. I do not identify as Republican as I've long since realized the party no longer (or never) lived up to my values, ideals, or expectations. The world is shades of gray, and not as simple as the old two party dynamic of our younger years.
Last edited by CardiffDweller; 04-21-2019 at 07:46 PM.
#180
Race Car
this whole thread makes me sad. I’m sorry that you feel so slighted by the home state of many people here that you feel the need to resort to Trump-style low brow insults. It makes me not want to come here. This thread started as a simple discussion around registration costs and has turned into republicans against California. I hope the moderators delete this thread as it’s clearly against the rules and spirit of the forum.
Wow so nice of you to automatically throw all people who disagree with you and Or the direction our state is going in into the Republican Party and that of Trump supporters! Assumption with no proof is a horrible thing, it’s called opinions and like it or not this is the United States and we are ALLOWED to have and discuss them. Oh and FYI I didn’t vote for him but do agree with some of his ideas, just like I agree with some ideas from the democrat party.