Pay tax on MSRP or actual sale price?

riven1950 wrote:

Not sure what part of nc you are in, but we live in the county and not any city limits. The $8000 difference would mean about $40/year for us. Definitely wouldn't be worth it for us to argue over. Like I said, they overvalued my little yaris by a few thousand, but yet undervalued my wife's explorer this year by about 8 thousand. All in all for both cars and including tag fees (we opted for special tags on both of them this year) we paid about $250-275. Life is good. Motorhome is coming up. I'm expecting about $400 on it.

I did not appeal the value because I could not pay it or because appealing the value was worth my time. I appealed because State Law says you pay based on sales price. My sales price was 7750 less than the valuation!

Here is what NC General Statue 105-330.2 ( b) says:

" Value. - An assessor must appraise a classified motor vehicle at its true value in money as prescribed by G.S. 105-283. The sales price of a classified motor vehicle purchased from a dealer, including all accessories attached to the vehicle when it is delivered to the purchaser, is considered the true value of the vehicle, and the assessor must appraise the vehicle at this value. "

I agree they overvalue / undervalue USED vehicles all the time. My TT is valued at about 1/3 of its true value, but that is not my point.

If they clip me for 40.00 ( my actual amount was more ) on a NEW truck and everyone else who buys a NEW vehicle for 40.00 it adds up. It is not the money it is the principle of the Gov't taking my 40.00 when they should not.

Reminds me of an article in the paper this week in reference to a referendum on increasing local sales by 1/4 of a cent. The pushers of the tax said it only will cost .25 more on a 100.00 purchase. True but then the Gov't has my .25 cents and I don't. Multiple that times the number of 100.00 purchases made in a year...big money! That is how we got to a 6.75% sales tax rate, a little at a time. ( 6.75 out of every 100.00 is a big chunk of change ). I guess you would vote for the referendum because it is only .25 and not worth arguing over.

I understand your point, but if they undervalued your truck by that amount, you wouldn't of been fighting it. You won on the TT, you lose on the truck. And no I wouldn't waste my sole energy by myself. On a .25 increase. Depends on how much you are spending. And you don't pay that high of a rate on food. State sales tax is actually 4.75% local municipalities are what drive those rates up to 6.75 and even up higher to over 8% in some areas. But if you live in places that are continuously improving and adding things, then you can expect some higher rates. I would much rather have people that visit the area or that live outside he area that come and buy stuff to help pay for it through sales tax. You are probably getting hit enough on property tax as it is. Reminds me of 10 years ago when we moved to Charlotte and they were building the bobcats arena. Homeowners in the Charlotte-mecklenburg area paid for it with an increase in their property tax. Kind of sucks. They've even talked a couple times about trying to impose a tax on those of us that work in Charlotte but live outside of it through our payroll. If it ever happens, then I will have to get out the calculator and decide where it will be more worthwhile in living.

I do understand joining in with others and trying to get the votes to a no on the other thing you mentioned. In money that we spend every month that includes a normal sales tax at he .25 increase you mentioned, I bet it would not cost us more than a few bucks a month. And that is spending $800 or more per month on tangible goods, which we don't do. Besides mortgage, car note, and other bills (which don't have a sales tax added monthly) there's not a whole bunch more to spend on. Heck if you are spending $100,000 a year, that's only $250 more (less than $25/month).

I know it's principle.