VA car tax question for those that have a $50k car

[Anonymous]

If you have a $50k car, how much do you pay in car tax in Fairfax County?

I drive a beater right now and pay $75/year.

I've saved all my nickels and pennies and am debating whether I should blow some of it on a nice car. But I want to know how much I would be on the hook for in property tax for the car.

Thank you!

[Anonymous]

Much more then in MD

[Anonymous]

Several thousand a year for a 50k car.

[Anonymous]

Anonymous wrote:Several thousand a year for a 50k car.

Roughly my experience in Alexandria.

[Anonymous]

I have a $90k car, and it was around $3700, so I’d guess around $2k a year.

[Anonymous]

Anonymous wrote:Much more then in MD

But you have to live in Maryland.

[Anonymous]

I’ve wondered this too and it stops me from buying a nice car. I hate the car tax so much. I like to buy a 40k car and drive it for 10 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Much more then in MD

But you have to live in Maryland.

Different pp. Having lived in both, Maryland is much nicer.

[Anonymous]

Anonymous wrote:I have a $90k car, and it was around $3700, so I’d guess around $2k a year.

This is OP. Thank you.

[Anonymous]

so you pay a sales tax... when you buy the car

https://www.dmv.virginia.gov/vehicles/#sut.asp

and you have to pay a property tax each year

https://www.fairfaxcounty.gov/taxes/vehicles/understanding-vehicle-taxes

FFX county uses NADA as their estimate

[Anonymous]

I paid a little under 2k on my truck when it was new.

[Anonymous]

Anonymous wrote:I paid a little under 2k on my truck when it was new.

This is not helpful unless you share the value of the truck.

[Anonymous]

Anonymous wrote:so you pay a sales tax... when you buy the car

https://www.dmv.virginia.gov/vehicles/#sut.asp

and you have to pay a property tax each year

https://www.fairfaxcounty.gov/taxes/vehicles/understanding-vehicle-taxes

FFX county uses NADA as their estimate

OP here. Thank you for posting this.

It appears that the tax rate for most vehicles is $4.57 per $100 of assessed value. So for a $50k vehicle, the tax would be around $2285.

[Anonymous]

Anonymous wrote:Much more then in MD

*than. Virginia schools teach grammar.

[Anonymous]

Anonymous wrote:

Anonymous wrote:so you pay a sales tax... when you buy the car

https://www.dmv.virginia.gov/vehicles/#sut.asp

and you have to pay a property tax each year

https://www.fairfaxcounty.gov/taxes/vehicles/understanding-vehicle-taxes

FFX county uses NADA as their estimate

OP here. Thank you for posting this.

It appears that the tax rate for most vehicles is $4.57 per $100 of assessed value. So for a $50k vehicle, the tax would be around $2285.

Look up car tax relief. Part of that should be subtracted under car tax relief if its primarily for personal use.