Durb wrote:
I know it is a little off topic but does NC consider a vehicle to be real property? If so then how about your trailer and/or other toys?
One disadvantage to trading up in the state of WA is 8.5% sales tax bite you take on a new vehicle.
Yes, you pay personal property taxes yearly on all vehicles and RV's. The good news Is(if there is good news), the personal property tax goes down a lttle each year because the value of the vehicle/RV drops. Funny thing though, apparently the gov't seems to think my vehicles are worth more than what they are valued in the real World and thus are taxed at an inflated, unrealistic value. And you can't argue the value nor get a copy of the book they use to acess the values. Pretty crooked in my opinion.
This taxing scheme seems anti-business to me as well. The gov't has provided a significant monetary savings incentive to keep driving older vehicles around. The cost to trade in an older RV/car/truck on a new shiny model will result in a significant tax increase.