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No BMW tax, it's personal property tax... (archive)

[ Follow Ups ] [ 5-series (E34) Message Board ] [ Msg. Board FAQ ]

Posted by RKS on January 26, 2000 at 22:33:16:

In Reply to: BMW Tax? posted by Rick on January 26, 2000 at 21:16:17:

Don't know what you drove before in the People's Republic of California, but registration price is based on value of car, which ain't based on market or what you paid for the used car, but on original MSRP factored down over time. Sucks.

Nevada is the same way. Makes me yearn for NJ.

Personal property taxes are tax deductible if you itemize your deductions on your tax return.

As always, consult your tax advisor.

Richard
reared in NJ
transplanted to CA
now in NV



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