Virginia lease taxes

[golovko]

You also go to jail for speeding over 80 in VA. :-/

[rymiller73]

Originally Posted by golovko

My estimate is about $3800/yr for my M3. I currently pay ~$1,500 for the 335i...stings more when just 2 years ago I was paying $300 for the same car living in a different state.

I can't figure out why Northern VA charges so much......

[Yeoman]

Originally Posted by BimmerGuyDC

Thanks. I'm working on a lease deal now for ED. The numbers didn't make sense and I still don't think I have all the facts yet. I was getting quoted 890 on a 36/10k lease with zero down on an m4 at 74k us msrp. MF and lease fee was jacked up big time.

$890 is spot on, assuming tax is included..

[Yeoman]

Originally Posted by rymiller73

I can't figure out why Northern VA charges so much......

Because it's one of the richest areas in the country?

[JimBean2014]

Digging an old thread..need your inputs please..so I live in Arlington and I’m looking to buy a slightly used 2016 340xi which got depreciated hard like almost 30k..Does the county charge property taxes based on base NADA guide value of the car or does it also slash taxes on the 10-15 K in additional options that car has?

[fjabad]

Originally Posted by JimBean2014

Digging an old thread..need your inputs please..so I live in Arlington and I’m looking to buy a slightly used 2016 340xi which got depreciated hard like almost 30k..Does the county charge property taxes based on base NADA guide value of the car or does it also slash taxes on the 10-15 K in additional options that car has?

https://taxes.arlingtonva.us/vehicles/vehicle-taxes/
Tax Assessments

The Commissioner of Revenue’s Personal Property Tax Division assesses all Arlington vehicle personal property taxes, based on:

The County Board’s set tax rate (for 2016, the tax rate has been set at $5.00 per $100 of assessed value).
Your vehicle’s value. (The Commissioner uses the “Clean Loan” value in the January [of the tax year] edition of the “National Automobile Dealer’s Association Used Car Guide” for vehicle assessments.)
The number of months your vehicle was located in Arlington.
The amount of tax relief your vehicle is provided.
The Code of Virginia and local ordinances.

[JimBean2014]

Originally Posted by fjabad

https://taxes.arlingtonva.us/vehicles/vehicle-taxes/
Tax Assessments

The Commissioner of Revenue’s Personal Property Tax Division assesses all Arlington vehicle personal property taxes, based on:

The County Board’s set tax rate (for 2016, the tax rate has been set at $5.00 per $100 of assessed value).
Your vehicle’s value. (The Commissioner uses the “Clean Loan” value in the January [of the tax year] edition of the “National Automobile Dealer’s Association Used Car Guide” for vehicle assessments.)
The number of months your vehicle was located in Arlington.
The amount of tax relief your vehicle is provided.
The Code of Virginia and local ordinances.

Thanks. My question was on how does the county determine "clean loan" value on NADA. I understand there are two ways to do it on NADA website. either plug in make and model of the vehicle and get the base loan value or input all the extras - bells and whistles your car has and get a bigger loan value.I heard some one on here telling the county wont know what options cars have and they simply go with a base loan value- in that case a guy who bought a base 340xi for 48 K $ and a guy who bought a fully loaded 69k $ 34Oxi will end up paying same property taxes?

[meantinc]

To be honest, I have never been able to perfectly understand all taxes, or rather where taxes come from, how they are calculated and who needs them at all. But I know one thing for sure that a person is obliged to pay taxes, otherwise he will be put in prison. But have you ever thought about whether this is fair at all? We have to pay taxes for all the property that we have, we have to pay for the property that we are going to buy, we also have to give the tax from the salary, but the state, in turn, does not owe us anything. And for example, I really don't understand what I'm paying for, just recently I found out about my income data, about paying taxes and all sorts of different things through a similar service like https://www.thepaystubs.com/ and I realized that I had already given away too much money.