Nothing political: CA new car use/sales tax + reg?
WOW - I am registering and paying CA tax on my incoming GT3 since I am relocating to CA this summer and they will get me either way
$16K tax (9%) - fine I was mentally preparing myself for this $4.2k registration fee? @ 2% of MSRP? Is that just for setting up new registration, or is that what I will be paying to renew yearly? Just wanted to confirm this... my a$$ hurts..... |
Welcome to California. The weather is great, just not free.
Your registration will slowly diminish as the value decreases. |
This from the CA DMV website: https://www.dmv.ca.gov/portal/dmv/de...cts/ffvr34#reg
There maybe other additions that will add to the renewal such as special environmental plates, etc. Vehicle License Fee (VLF) (.65% of value) Most vehicles are assessed a VLF, in lieu of property tax, based on the purchase price/value when acquired and funds go to cities/counties. VLF decreases for the first 11 renewal years (18 for park trailers) or until the vehicle is transferred (except certain family transfers, see FAQs. VLF exemption is available for disabled veterans with a 100 percent service-related disability rating, California Indian tribes/tribal members, federally-recognized Indian tribes (CVC §9104.5 and CRTC §10781.1), specialized transportation vehicles, nonresident military personnel stationed in California, and their nonresident spouses. Historical Vehicle/Horseless Carriage License Plates (CVC §5004) VLF is $2. VLF is the only part of registration you may deduct on your income tax. For details on how VLF is used, contact your city/county government. |
Originally Posted by Ticket Target
(Post 14753053)
Welcome to California. The weather is great, just not free.
Your registration will slowly diminish as the value decreases. Maybe they can depreciate my GT3 even more with the dreaded sofa seats and PDK :)
Originally Posted by Rick-A-Shay
(Post 14754690)
This from the CA DMV website: https://www.dmv.ca.gov/portal/dmv/de...cts/ffvr34#reg
There maybe other additions that will add to the renewal such as special environmental plates, etc. Vehicle License Fee (VLF) (.65% of value) Most vehicles are assessed a VLF, in lieu of property tax, based on the purchase price/value when acquired and funds go to cities/counties. VLF decreases for the first 11 renewal years (18 for park trailers) or until the vehicle is transferred (except certain family transfers, see FAQs. VLF exemption is available for disabled veterans with a 100 percent service-related disability rating, California Indian tribes/tribal members, federally-recognized Indian tribes (CVC §9104.5 and CRTC §10781.1), specialized transportation vehicles, nonresident military personnel stationed in California, and their nonresident spouses. Historical Vehicle/Horseless Carriage License Plates (CVC §5004) VLF is $2. VLF is the only part of registration you may deduct on your income tax. For details on how VLF is used, contact your city/county government. |
Originally Posted by Rick-A-Shay
VLF is the only part of registration you may deduct on your income tax. For details on how VLF is used, contact your city/county government. |
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