Insurance
Rennlist Member
Joined: Jan 2021
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Simply food for thought, but personally I would seriously consider a state’s political stance prior to worrying about vehicle property taxes. If one’s political views do not align with the state/city/county that one plans to reside in then it is likely that one will be fairly miserable given what the political climate has become in this country.
Last edited by RatherJaded; Oct 12, 2024 at 10:57 AM.
Rennlist Member
Joined: Oct 2018
Posts: 1,254
Likes: 1,049
From: South East USA
I rather pay a declining property tax based on the value of the vehicle. The math says if you buy a new car in South Carolina, the yearly property tax equals the 6% combined County+State sales tax rate after approximately 9 years, and by then the value of the vehicle is so low enough that the property tax is inconsequential.
Nordschleife Master
Joined: May 2021
Posts: 8,250
Likes: 6,919
From: Southern California and Nevada
Simply food for thought, but personally I would seriously consider a state’s political stance prior to worrying about vehicle property taxes. If one’s political views do not align with the state/city/county that one plans to reside in then it is likely that one will be fairly miserable given what the political climate has become in this country.
Rennlist Member
Joined: Oct 2018
Posts: 1,254
Likes: 1,049
From: South East USA
Simply food for thought, but personally I would seriously consider a state’s political stance prior to worrying about vehicle property taxes. If one’s political views do not align with the state/city/county that one plans to reside in then it is likely that one will be fairly miserable given what the political climate has become in this country.
Instructor
Joined: Jul 2023
Posts: 101
Likes: 46
Yet, South Carolina has NO Sales Tax on purchasing your Car. So for folks in New York, who pay about 8.5% combined Local+County+State tax rate, on a new $150K Porsche that's $12,750 to drive off the lot. Yikes!
I rather pay a declining property tax based on the value of the vehicle. The math says if you buy a new car in South Carolina, the yearly property tax equals the 6% combined County+State sales tax rate after approximately 9 years, and by then the value of the vehicle is so low enough that the property tax is inconsequential.
I rather pay a declining property tax based on the value of the vehicle. The math says if you buy a new car in South Carolina, the yearly property tax equals the 6% combined County+State sales tax rate after approximately 9 years, and by then the value of the vehicle is so low enough that the property tax is inconsequential.
Did I mention insurance is around $2,900 for 6 months coverage on a 992 S!!
Burning Brakes
Joined: Jun 2012
Posts: 804
Likes: 116
From: NorCal & NV
Amen, I feel the pain..our CA taxes and reg fees eat us alive all day.
Rennlist Member
Joined: Oct 2018
Posts: 1,254
Likes: 1,049
From: South East USA
- 2024 Carrera S (agreed value of $174K) = $2220/year
- 2022 Boxster 25Y (agreed value of $110K) = $ 874/year
- 2019 Targa 4GTS (agreed value of $160K) = $2040/year
Rennlist Member
Joined: Jan 2021
Posts: 3,961
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Having resided in both Tennessee as well as South Carolina, I personally much prefer paying the 7% flat tax upfront. One and done instead of getting milked annually.
Edit: As I previously stated in this thread, Tennessee has no state income tax. The cost of living is also significantly less than residing in the SC low country. Either way, both states tend to vote red in presidential elections.
Edit: As I previously stated in this thread, Tennessee has no state income tax. The cost of living is also significantly less than residing in the SC low country. Either way, both states tend to vote red in presidential elections.
Last edited by RatherJaded; Oct 15, 2024 at 01:18 PM.
