<VV> Re: Sales Tax

[Dennis & Debbie PLEAU]

On the 63 Greenbrier I just bought for a great price because the owner 
doesn't really need the money and wanted it to go to a good home.  I ended 
up paying tax on $750 more than I payed for it.  I also payed tax at the 
city of Colorado Springs rate even though I live in the county because the 
previous owner lived in town.  I payed the tax when I went to registar the 
van.  It's like you bought the widget on sale,, but you pay tax on the 
regualr price.

dp

>From: "Harry  Yarnell" <hyarnell1 at earthlink.net>
>Reply-To: Harry  Yarnell <hyarnell1 at earthlink.net>
>To: <LonzoVair at aol.com>,<kaczmarek at charter.net>,<hmlinc at sbcglobal.net>
>CC: virtualvairs at corvair.org
>Subject: Re: <VV> Re: Sales Tax
>Date: Wed, 7 Jun 2006 21:43:06 -0400
>
>In Maryland, we don't have 'personal property tax' (thank God), but ANY 
>time a vehicle is re-titled, the state taxes it at it's current value, NOT 
>necessarily the selling price. If you tell them your '05 corvette cost you 
>$500, you better have a notorized bill of sale, otherwise it's book value 
>that they'll  tax you on.
>Now, if the car is over 10 years old, there's no book value, but a minimum 
>value is assigned (I think it's $600), so you pay $30 tax (5% sales tax).
>
>Harry Yarnell
>Perryman Garage and Orphanage
>hyarnell1 at earthlink.net