Taxes on tractors

[Torvy]

CT taxes unregistered vehicles including campers, RV’s, snowmobiles, trailers, trucks, passenger cars, tractors, off-road construction vehicles. We even tax horses each year. If you have a farm with $15K in farm income, then you get exemptions for your buildings, equipment etc. Tax rate is set by each town, and ranges from $11 per $1000 of value to $68 per $1000. My town is $33 so a new $50,000 tractor is rated at 70% value or $35,000 and the tax on year 1 would be $33 x 35 or $1,155.

We also pay sales tax on everything we buy. Vehicles under $50K are 6.35%. Over $50K is 7.75%. They get you coming and going!

That seems evil. I have a cousin in western CT. I'll have to ask her if they are staying after she retires. (She's just a few months older than me)

 

[BoylermanCT]

That seems evil. I have a cousin in western CT. I'll have to ask her if they are staying after she retires. (She's just a few months older than me)

I know I am out of CT as soon as I retire!

 

[JasperFrank]

One reason I love Oregon. No Sales Tax.

 

[4570Man]

One reason I love Oregon. No Sales Tax.

You have a state income tax though. The bracket starting points are also low. It jumps to 8.75 percent at just $9400. Alaska and New Hampshire are the only states without sales tax or income tax.

 

[JasperFrank]

I love Oregon because you can have a freaken yard sale and not have to report anything. In Maryland, they wanted you to account for everything. Even Used sales. This just made everyone a small criminal, in a state of small criminals.

 

[hornett22]

Not true, Missouri does have an annual personal property tax assessment on all farm assets, which includes tractors, implements, buildings, land, livestock, and even grain.

Missouri Tax Commission FAQs

Remind me never to live in missouri