"Mine is just under $4000 per year with an assessed book value of $180,000. In 15 years before it drops to a reasonable rate I will have paid approximately $60,000 in property tax."
But, isn't that a deductible tax on your Federal return, just like our Real Estate Taxes and a portion of our registration fees?
CM1, USN (RET)
2002 Fleetwood Southwind 32V, Ford V10
Toad: 2006 Jeep Rubicon LJ
Other toad: '06 PT Cruiser, Kar Kaddy dolly
Toy: 1977 Dodge W100 CC SWB, 3/4 ton axles & springs
"When seconds count, help is only minutes away!"
mowermech wrote: "Mine is just under $4000 per year with an assessed book value of $180,000. In 15 years before it drops to a reasonable rate I will have paid approximately $60,000 in property tax."
But, isn't that a deductible tax on your Federal return, just like our Real Estate Taxes and a portion of our registration fees?
Yes, it is tax deductible on the Federal Return so I get approximately 25% out of the $4000.00
mowermech wrote: "Mine is just under $4000 per year with an assessed book value of $180,000. In 15 years before it drops to a reasonable rate I will have paid approximately $60,000 in property tax."
But, isn't that a deductible tax on your Federal return, just like our Real Estate Taxes and a portion of our registration fees?
he can look on the bright side, in 15 years he will "only" have paid $45,000 or so in property tax.
bumpy
In MA, registration fees for trailers can be by weight, $20 per thousand or if there is a bathroom, you can get camper plates that are $50 regardless of weight. When I bought last year I asked and that is how the RMV explained it.
Excise take is a city/town tax and for some reason my new $25,000 TT was only $87 last year.
ME '63, DW 64, (DS 89, DD 92 not so much), DS 95
2013 Premier Bullet 31 BHPR
Just titled and registered our "new" Hi Lo trailer this morning. It's GVWR is 5500#.
In Virginia, we pay 3% sales and use tax of the purchase amount. There is a $10 titling fee. I bought permanent trailer tags. They cost $100. This is a one time registration fee. In 3 years, I'll be even over buying new tags every year. In year 4, I'm ahead of the game.
And I paid an extra $10 to get personalized plates. OMEYGA. Omega is the last letter of the Greek alphabet. This is the last RV I will ever get .....
...... unless it is not.
Of course, the county will be sending me a bill for personal property taxes.
Erroll, Mary, Duffy the Badger Dog plus "Ollie"
2009 HiLo Towlite 2209T
2005 F150 Supercab 4x4, w/ 5.4L
Atlee wrote: Just titled and registered our "new" Hi Lo trailer this morning. It's GVWR is 5500#.
In Virginia, we pay 3% sales and use tax of the purchase amount. There is a $10 titling fee. I bought permanent trailer tags. They cost $100. This is a one time registration fee. In 3 years, I'll be even over buying new tags every year. In year 4, I'm ahead of the game.
And I paid an extra $10 to get personalized plates. OMEYGA. Omega is the last letter of the Greek alphabet. This is the last RV I will ever get .....
...... unless it is not.
Of course, the county will be sending me a bill for personal property taxes.
VA charges me property tax on boats/trailers/etc. but yes, my boat trailer has permanent plates. while my property tax on the boat is fairly reasonable it surely isn't on my house.
bumpy
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