Purchasing an RV and taxes
Wow what a mistake. We had our eyes on an RV made by Thor as our next purchase and trading in our old RV. On a whim we found a unit in Panama City Florida. We stopped and worked out an acceptable...
Forum Discussion
hlloyd59 wrote:'en Plain Air' wrote:
If we buy a used RV from a private party, out of state, and never bring it home to our state, how do we get tags? Are tags based on the residency state, irrespective of where he vehicle 'lives'?
If you have a place to store the RV in a state that has lower personal property taxes then license it in that state. A friend licensed his in VA but stores it in Florida. No personal property.
There are two issues. Number one is the purchase, where you pay all the sales/title tax. Number two is the annual personal property tax. Based on where the unit is stored county, city of any state you are exposed to those tax rates.
In the county I live in it used to be annualized. They have computerized their systems and now collect based on the month(s) its in their county. Used to be where it was on Jan. 1 is where you paid the taxes.
I find it frustrating the taxes you pay on something like this purchase. From DMV to personal property over the next five years we will pay in excess of 25k in taxes.
To avoid the personal property tax if your RV is not stored at home, you might want to check into registering and storing in a neighboring county or independent city with no property tax on RV's.
Hampton, Va, dropped the boat property tax to get people from other localities docking and storing at our marinas and bring dollars that way to our city. RV / TT owners made an issue out of it and those taxes were dropped as well. I have 2 TT's and a pop up and the tax rate is listed at .0000001 cents per hundred dollars of value. I still pay about $20 each for registration fees (the old city sticker fee). I only pay Hampton property taxes on my truck an open top utility trailer since it is not an RV.
