Forum Discussion
CA_Traveler
May 23, 2014Explorer III
LongWeekends wrote:I used the formulas the DVM provided. Plugging in your mfg value I get the same numbers as you paid. After the first year value the tax base is reduced 16.25% per year.
Not sure what formulas they provided but I can tell you that it is not a straight-line drop like that. Instead of guessing I went and looked at our registration. There is a drop from year to year of course but nowhere near what is shown here. Per the DMV our MSRP was $162,665. Last years registration was $515. This year it is $478.
It's been a few years since I got their formula so it may have changed. But I'll bet a donut that it hasn't changed.
2004 $2,812.98
2005 $2,355.87
2006 $1,973.04
2007 $1,652.42
2008 $1,383.90
2009 $1,159.02
2010 $970.68
2011 $812.94
2012 $680.84
2013 $570.20
2014 $477.55
2015 $399.94
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