Anonymous
07/20/2023 13:20
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:Anonymous wrote:Anonymous wrote:Wow! Didn’t realize this - I wonder if this year there will be some sort of tax relief. I just moved to Arlington and have a new car that is probably worth around $37k. Oof!
Why would there be any sort of tax relief? You're the one who chose that car instead of a 10 year old 5k beater. (I don't agree with car tax at all)
It's not as if when you move to a new county or even state you always are aware of car tax. Not all areas have it. Because someone picked a new car and one that is probably better for the environment doesn't mean they should have to pay more for a car tax. It doesn't make any sense.
The tax policy isn’t rooted in environmental concerns. And it’s not like EVs or hybrids are better for the environment— have you seen how the materials for their batteries are mined and the supply chain hell that exists to make them? Their carbon footprint is huge.
Anonymous
07/20/2023 13:17
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:I'd vote for whichever governor who pledges to get rid of car tax. Or makes it more level. Half the cars in my neighborhood have out of state plates to avoid paying car tax (and no, they're not military). Car tax is ridiculously high and yet they make it so easy to get around it.
That was Jim Gilmore about 25 years ago. He was only partially successful.
Are you prepared for the higher income or home property taxes to be put in its place?
Anonymous
07/20/2023 13:12
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$1800-$2200 maybe.
Is this for real?
I don't live in or near VA, but OMG!
Yes, yes it is. You pay sales tax when you buy the car and YEARLY for "personal property tax." VA is a huge rip off state and don't belive anyone who says it's not. Don't even get me started on the milage tax!
Our income taxes are lower.
The mileage tax is good policy. It pays for road construction.
What is a mileage tax?
It is in lieu of fuel taxes drivers of gas cars pay every time they fill the tank
Anonymous
07/20/2023 13:06
Subject: Re:VA - Vehicle Personal Property Tax 2023
Anonymous wrote:I know it's popular to complain about taxes, but every state needs to figure out some way to pay for the services it provides to the people who live there. People fixate on a particular tax, but it's important to look at all taxes in the aggregate. In doing that, Virginia is probably middle of the road overall in terms of taxes.
1. State Income Tax - Top tax bracket of 5.75%, which has a relatively low threshold to reach, no marriage penalty, potentially large 529 deduction
2. Real Property Tax - Ranges from 1%-1.2%, with real property being assessed annually based on fair market value. In addition, different localities may add to this.
3. Personal Property Tax - High given that many states don't have this
4. Gasoline Tax - Low (in fact, may be the lowest in the U.S.)
5. Sales Tax - 2.5% for food, 5.0% for other things
6. Other, Locality Taxes
In addition, people should realize that their individual situation matters greatly. My parents live in California, which is often assailed as being a high tax state. Well, if you're a long-time homeowner in California, you likely have some of the lowest real property taxes in the country given that real property assessments have hard caps effectively on how much they can increase. Sure, there may be high state income taxes, but that's a non-issue if you're retired and, if you can keep your income below $150K, you actually may end up paying less than other states because the state income tax is so progressive. Life is good on the tax front for people like my parents who are long-time homeowners and who decide to retire.
Likewise, I have family who live in Texas, which is supposed to be a low tax state. Well, Texas has some of the highest real property taxes in the country, so don't be fooled by the low real property prices. It's true that income taxes are ZERO, but welcome to some of the highest sales tax rates in the country.
I agree in theory, but the state needs to find a way to crack down on the MANY people who evade these taxes. Notably, Maryland drivers who park on my VA street, clearly live in VA, but register their car somewhere in MD to evade taxes. Or the paper tag scammers. These thieves jack the price up for all of us ethical and law abiding people.
Anonymous
07/20/2023 06:50
Subject: Re:VA - Vehicle Personal Property Tax 2023
I know it's popular to complain about taxes, but every state needs to figure out some way to pay for the services it provides to the people who live there. People fixate on a particular tax, but it's important to look at all taxes in the aggregate. In doing that, Virginia is probably middle of the road overall in terms of taxes.
1. State Income Tax - Top tax bracket of 5.75%, which has a relatively low threshold to reach, no marriage penalty, potentially large 529 deduction
2. Real Property Tax - Ranges from 1%-1.2%, with real property being assessed annually based on fair market value. In addition, different localities may add to this.
3. Personal Property Tax - High given that many states don't have this
4. Gasoline Tax - Low (in fact, may be the lowest in the U.S.)
5. Sales Tax - 2.5% for food, 5.0% for other things
6. Other, Locality Taxes
In addition, people should realize that their individual situation matters greatly. My parents live in California, which is often assailed as being a high tax state. Well, if you're a long-time homeowner in California, you likely have some of the lowest real property taxes in the country given that real property assessments have hard caps effectively on how much they can increase. Sure, there may be high state income taxes, but that's a non-issue if you're retired and, if you can keep your income below $150K, you actually may end up paying less than other states because the state income tax is so progressive. Life is good on the tax front for people like my parents who are long-time homeowners and who decide to retire.
Likewise, I have family who live in Texas, which is supposed to be a low tax state. Well, Texas has some of the highest real property taxes in the country, so don't be fooled by the low real property prices. It's true that income taxes are ZERO, but welcome to some of the highest sales tax rates in the country.
1. State Income Tax - Top tax bracket of 5.75%, which has a relatively low threshold to reach, no marriage penalty, potentially large 529 deduction
2. Real Property Tax - Ranges from 1%-1.2%, with real property being assessed annually based on fair market value. In addition, different localities may add to this.
3. Personal Property Tax - High given that many states don't have this
4. Gasoline Tax - Low (in fact, may be the lowest in the U.S.)
5. Sales Tax - 2.5% for food, 5.0% for other things
6. Other, Locality Taxes
In addition, people should realize that their individual situation matters greatly. My parents live in California, which is often assailed as being a high tax state. Well, if you're a long-time homeowner in California, you likely have some of the lowest real property taxes in the country given that real property assessments have hard caps effectively on how much they can increase. Sure, there may be high state income taxes, but that's a non-issue if you're retired and, if you can keep your income below $150K, you actually may end up paying less than other states because the state income tax is so progressive. Life is good on the tax front for people like my parents who are long-time homeowners and who decide to retire.
Likewise, I have family who live in Texas, which is supposed to be a low tax state. Well, Texas has some of the highest real property taxes in the country, so don't be fooled by the low real property prices. It's true that income taxes are ZERO, but welcome to some of the highest sales tax rates in the country.
Anonymous
07/20/2023 06:11
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$1800-$2200 maybe.
Is this for real?
I don't live in or near VA, but OMG!
Yes, yes it is. You pay sales tax when you buy the car and YEARLY for "personal property tax." VA is a huge rip off state and don't belive anyone who says it's not. Don't even get me started on the milage tax!
What is the milage tax? People talk about MD being bad, I think VA sounds worse. Hahaha
VA has higher taxes than MD! Highway milage usage, the more milage you put on your car the more taxes you pay. And clearly these taxes don't seem to go to the roads!
Anonymous
07/19/2023 16:15
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$1800-$2200 maybe.
Is this for real?
I don't live in or near VA, but OMG!
Yes, yes it is. You pay sales tax when you buy the car and YEARLY for "personal property tax." VA is a huge rip off state and don't belive anyone who says it's not. Don't even get me started on the milage tax!
What is the milage tax? People talk about MD being bad, I think VA sounds worse. Hahaha
Depends on your income and how expensive your cars are. With high income and relatively inexpensive cars we come out ahead in VA.
Anonymous
07/19/2023 16:09
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$1800-$2200 maybe.
Is this for real?
I don't live in or near VA, but OMG!
Yes, yes it is. You pay sales tax when you buy the car and YEARLY for "personal property tax." VA is a huge rip off state and don't belive anyone who says it's not. Don't even get me started on the milage tax!
Our income taxes are lower.
The mileage tax is good policy. It pays for road construction.
What is a mileage tax?
Anonymous
07/19/2023 16:07
Subject: VA - Vehicle Personal Property Tax 2023
When does this typically have to be paid, is it once a year?
Anonymous
07/19/2023 15:52
Subject: VA - Vehicle Personal Property Tax 2023
Ours are usually around $3500 per car on cars worth $75-$90k.
Anonymous
07/19/2023 15:51
Subject: VA - Vehicle Personal Property Tax 2023
Anonymous wrote:Anonymous wrote:Anonymous wrote:$1800-$2200 maybe.
Is this for real?
I don't live in or near VA, but OMG!
Yes, yes it is. You pay sales tax when you buy the car and YEARLY for "personal property tax." VA is a huge rip off state and don't belive anyone who says it's not. Don't even get me started on the milage tax!
Our income taxes are lower.
The mileage tax is good policy. It pays for road construction.