SALES TAX RANT

[Steppenwolfe]

OK. Bought myself a new truck for the first time since moving to Virginia two years ago. Previously, in South Carolina it was a $300.00 set fee, no problem. BUT, here in Va it is 4% of sale price. Short story, came to $2,400.00. I almost fell off the chair. Dealer apologized profusely, but what could he do? This is above and beyond the title, registration fees, and the personal property tax I have to pay every year on the truck as long as I own it. My question is, who gets that money, and what do I get out of it ? I'm pretty sure I just took one in the shorts. What a rip off...

 

[sseelhoff]

OK. Bought myself a new truck for the first time since moving to Virginia two years ago. Previously, in South Carolina it was a $300.00 set fee, no problem. BUT, here in Va it is 4% of sale price. Short story, came to $2,400.00. I almost fell off the chair. Dealer apologized profusely, but what could he do? This is above and beyond the title, registration fees, and the personal property tax I have to pay every year on the truck as long as I own it. My question is, who gets that money, and what do I get out of it ? I'm pretty sure I just took one in the shorts. What a rip off...

But think of all that good your money will do providing social benefits.

Virginians everywhere thank you for your contributions, I'm sure.

 

[Mendonsy]

But think of all that good your money will do providing social benefits.

Virginians everywhere thank you for your contributions, I'm sure.

At least the politicians that stuck you with all those taxes will be pleased. It's even worse here!

 

[Buppies]

I believe it goes to the transportation fund which is already sorely lacking. Next year will be a new low for road maintenance in our area due to lack of funds. Some people I know who have property in SC or FLa register their cars there to avoid this tax. I do understand your frustration

 

[sseelhoff]

I believe it goes to the transportation fund which is already sorely lacking. Next year will be a new low for road maintenance in our area due to lack of funds. Some people I know who have property in SC or FLa register their cars there to avoid this tax. I do understand your frustration

Is that how it's actually being spent? Don't know about Virginia, but here, there is a huge backlash about transporation funds (i.e. gas taxes) being spent on legislators' pet projects. So much so that there is a new bill that will be introduced in our next session (January 2015) that directs that money collected can only be used for roads.

 

[Buppies]

The problem here is taxes have not been increased on fuel so lees money for maintaince and even new projects. Roads are suffering because of this and in turn we as the end users are going to suffer as well. I'm not up on Texas but what you say does not surprise me in the least. North Carolina has much higher fuel taxes and their roads are in much better shape than ours

 

[Buppies]

That new bill would be a great idea. I must confess I'm in the paving business so more money spent on roads effects my bottom line.

 

[sseelhoff]

The problem here is taxes have not been increased on fuel so lees money for maintaince and even new projects. Roads are suffering because of this and in turn we as the end users are going to suffer as well. I'm not up on Texas but what you say does not surprise me in the least. North Carolina has much higher fuel taxes and their roads are in much better shape than ours

That coupled with higher fuel economy means people are not buying that much gas. It's the same everywhere.

 

[Buppies]

Yes it is, I do not like tax increases any more than the next guy but in this case I think the ends justify the means. When bridges start to fall or roads come apart endangering lives something must be done. Perhaps if you want to play you've got to pay applies

 

[dave1949]

Ours is 5.5%. S. Carolina is still 5% with a $300 maximum. You could do better and worse than 4%.

Here is a state by state chart:
Car Tax by State - F&I TOOLS | New Car Factory Warranty List

 

[Bird]

Ours is 5.5%. S. Carolina is still 5% with a $300 maximum. You could do better and worse than 4%.

Here is a state by state chart:
Car Tax by State - F&I TOOLS | New Car Factory Warranty List

I was just thinking that the 4% sounds like a bargain to me.

 

[dave1949]

I was just thinking that the 4% sounds like a bargain to me.

Me too. Worse yet in Maine I'd be writing another $2xxx check a year later for annual excise tax on a $60K new vehicle.

 

[George2615]

I was just thinking that the 4% sounds like a bargain to me.

Sounds like a bargain to me too. Sales tax is 8% here and each time anything is re-sold the buyer pays 8% again on what it sold for. No maximum, so on a $60K truck the buyer would pay $4800 tax plus tags and insurance.

 

[Johnny g]

Here in Ont. Canada we pay 13% on autos & 8% on almost everything else, never heard of personal property tax or annual excise tax unless you are talking about taxes on your home or land, hope nobody in our provincial government is reading this or it will put ideas in there greedy heads.

 

[amaxwell]

Sounds like a bargain to me too. Sales tax is 8% here and each time anything is re-sold the buyer pays 8% again on what it sold for. No maximum, so on a $60K truck the buyer would pay $4800 tax plus tags and insurance.

In Tennessee it would be $4280 +tags and ins. so $300 would be a bargain to me. Also every time that truck was resold the new owner pays tax on the sale price again and again.

 

[Buppies]

Nobody likes to pay tax me included but roads are how we get around. Personal property tax is another tax but one that goes to the locality for them to spend. Kinda of like a use tax, for the use of my house car tractor boat if I had one. I'm being funny here

 

[Buppies]

In Tennessee it would be $4280 +tags and ins. so $300 would be a bargain to me. Also every time that truck was resold the new owner pays tax on the sale price again and again.

That's the way Va works as well

 

[dave1949]

Here in Ont. Canada we pay 13% on autos & 8% on almost everything else, never heard of personal property tax or annual excise tax, hope nobody in our provincial government is reading this or it will put ideas in there greedy heads.

I can honestly say every penny of our annual excise tax (it's really a road maintenance tax) goes to our local town roads--and it still isn't enough. We pay that excise tax on the first year too. If I buy a new car, it's 5.5% sales tax to the state plus the excise tax to the town when registering a new vehicle. The excise tax declines with the value of the vehicle. Our 2007 Explorer Sport Trac is $140/year now for example.

 

[Buppies]

We have city streets but all others are maintained by V-Dot unless private. Cannot remember about towns

 

[Pixguy]

NH has high registration fees but NO sales to income tax.

If you want lots of social programs then you gotta be willing to pay for them.