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Old 11-18-2006, 03:30 AM
Herb Smith
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Default Re: Why Tax rate different form purchase price?

zephyr wrote:

- quote -

> I just received my Title Complete Notice for a used
> Volkswagen I bought and noticed that the "Original Tax
> Value" is several thousand dollars higher than the purchase
> price I paid.
> Will the cost for my tags be unnecessarily high now?
> Why the difference?


This is a STATE tax issue and could involve sales tax,
annual registration, or both. There are 50 states (+DC), no
two pf which handle this in exactly the same way. Why not
just contact the Vehicle Registration or Licensing
Dpaartment office for your state?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 11-18-2006, 03:30 AM
Bill Brown
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Posts: n/a
Default Re: Why Tax rate different form purchase price?

zephyr wrote:

- quote -

> I just received my Title Complete Notice for a used
> Volkswagen I bought and noticed that the "Original Tax
> Value" is several thousand dollars higher than the purchase
> price I paid.
> Will the cost for my tags be unnecessarily high now?


Without knowing your state of residence, no one can give you
a useful answer.

- quote -

> Why the difference?

Without knowing your state of residence, no one can give you
a useful answer.

Even knowing your state doesn't mean any of the regulars
here will know the answer unless one of them practices in
your state.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 11-17-2006, 05:39 AM
zephyr
Guest
 
Posts: n/a
Default Why Tax rate different form purchase price?

I just received my Title Complete Notice for a used
Volkswagen I bought and noticed that the "Original Tax
Value" is several thousand dollars higher than the purchase
price I paid.

Will the cost for my tags be unnecessarily high now?

Why the difference?

thanks

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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