Personal Property Tax

[ryand]

Here in Missouri as if we were not taxed enough each december we get a nice bill from the state informaing us we need to pay a "Tax" on our stuff that has been registered with the state. Boats, Boat Trailers, Outboard Motors, Cars, and yes RV's. This year was the first year with the camper and WOW what a shock. Any other states do this sort of thing?

I have really come to hate December.

[2012WhiteSolera]

Shhh, be very quiet, it's tax season. Let's not give any of those clowns any ideas. IMO

[ryand]

It is the season for giving....so I am told.

[Oakman]

I feel your pain Ryand. I really wish MO would change the due date of taxes to June. The December property tax bill is a real bummer when people are trying to purchase Christmas gifts for family and friends.

My wife and I have lived in our house for 34 years and now own it. That means along with the Personal Property tax we also get the Real Estate Tax bill too. We get the double whammy in December.

[ependydad]

We don't have it here in MD, but I've heard of other states with it (of course, I can't pull specifics just vaguely, "I kind of remember reading about that and think, man- that's gotta hurt").

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However, for the other participants in this thread - let's be mindful to keep this RV'ing related per the community rules.

[RalphieAdie]

Yup. And this year we bet the double whammy, new truck and new 5'er!

[KMP44]

Originally Posted by ryand

Any other states do this sort of thing?

Arkansas had a personal property tax when I lived there.

I miss it dearly - it wasn't that big, and that combined with my $500 a year property tax was a drop in the bucket compared to NY property tax.

Depends on which city/town you live in, but $35-40 per thousand $ of assesed value is pretty common. So a house worth $150,000 would have an annual tax bill of $5,000 - $6,000 a year. And the politicians wonder why people keep leaving...

[Iwannacamp]

Arkansas has state income tax, sales tax(of course), real estate tax and personal property tax. Kinda bad.

Positive note: LIFETIME(perm.) tags for 5er was $25. Not 100 per year. When I lived in Texas it was $70 a year for a 16ft boat. I have 3 trailers, jet ski, bass boat and 2 cars... It would break me buying tags for all them annually.
My PPT is less than $500, real estate tax $850 and our little town has an exemption for state taxes (4%) in the city limits.

[force]

Yes, Mass. calls it the Excise Tax (as if sales tax wasn't enough, plus annual registration fees, I also I get to pay for the privilege of parking in my own driveway...that I pay property tax on). The bills are sent out each January.

Buying a new truck and camper in the same year resulted in almost a $1K bill.

[B47]

Originally Posted by force

Yes, Mass. calls it the Excise Tax (as if sales tax wasn't enough, plus annual registration fees, I also I get to pay for the privilege of parking in my own driveway...that I pay property tax on). The bills are sent out each January.

Buying a new truck and camper in the same year resulted in almost a $1K bill.

Did I read that correctly - you have to pay to park in your own driveway?

I guess most of us homeowners pay for parking in their own driveway indirectly by paying property taxes, but do you get a separate tax bill for this?

[Rugged Brown]

If you think you have seen it all, check this out.

Credit card 'idiot tax' angers bar patron - Newfoundland & Labrador - CBC News

[SteveBingham52]

In South Carolina we can claim our RV as a second home and that helps on PPT. Several restrictions on it but fair enough. It lowers the tax rate quite a bit. We didn't know we could do it but someone was nice enough to mention it to us. You may want to ask about it. We go each November to tax office and apply.

[dwaynerz]

hey ryand ... maybe you can do like claire mackaskill and claim you forgot you had a trailer. thats what she claimed when presented a bill for back taxes on her airplane .... jus sayin.

[force]

Originally Posted by B47

Did I read that correctly - you have to pay to park in your own driveway?

I guess most of us homeowners pay for parking in their own driveway indirectly by paying property taxes, but do you get a separate tax bill for this?

You read it correctly. Every car, truck, motorcycle, or trailer (all types) that you have registered in MA gets reported to your local town, and the town then charges an annual Excise Tax for it.

This also goes for boats, but in that case the bill comes from the town listed as the mooring location (which in my case is a different town).

The valuation of each is pretty low (particularly after year 2), but that's beside the point.

EDIT: We don't call it Taxachusetts for nothing!

[dwaynerz]

illinois has some ridiculous taxes, but at least we dont have to pay yearly for the privilege of owning a vehicle. we pay it once up front at point of purchase. 50 bucks yearly for trailer registration, 101 a year for vehicles with random issued plates, up to 3/4 ton pickups. it starts going higher with 1 tons and beyond.

[Duckogram]

Originally Posted by ryand

Here in Missouri as if we were not taxed enough each december we get a nice bill from the state informaing us we need to pay a "Tax" on our stuff that has been registered with the state. Boats, Boat Trailers, Outboard Motors, Cars, and yes RV's. This year was the first year with the camper and WOW what a shock. Any other states do this sort of thing? I have really come to hate December.

I found the solution for MO personal property tax just be for my 2012 Creek and F-350 were due. I Moved to Florida. As a bonus. KC 25* Marco Island 75* this morning.

[BamaBob]

Ya'll need to move on down heear ta Alabamee

Homestead exemption makes property taxes a drop in the bucket here and once you turn 65 they disappear altogether (as does license fees, hunting & fishing licenses

Oh, and if you are retired Military, or Federal Civil Servant, Alabama does not tax your retirement pay either

[BamaBob]

Originally Posted by force

EDIT: We don't call it Taxachusetts for nothing!

Well at least you are represented (sorta) these days

[B47]

Originally Posted by force

You read it correctly. Every car, truck, motorcycle, or trailer (all types) that you have registered in MA gets reported to your local town, and the town then charges an annual Excise Tax for it.

This also goes for boats, but in that case the bill comes from the town listed as the mooring location (which in my case is a different town).

The valuation of each is pretty low (particularly after year 2), but that's beside the point.

EDIT: We don't call it Taxachusetts for nothing!

Wow - and just when I thought I heard everything

[dwaynerz]

i wonder if alabama taxes their/your state retirement pension, or if you have to be a retired federal worker. and becareful bob ... a bunch of damn yankees will be showing up once this news gets out