Please help explain cost for my License tags

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zephyr - 17 Nov 2006 01:27 GMT

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

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Kurt Ullman - 17 Nov 2006 13:14 GMT

> I just received my Title Complete Notice for a used Volkswagen I
> bought and noticed that the "Original Tax Value" is several thousand
[quoted text clipped - 5 lines]
>
> thanks

This one of those things that changes dramatically from state to
state. I would suggest you ask the people at your local BMV.

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Mike Romain - 17 Nov 2006 14:37 GMT

I bought a van once for $500.00 and the tax value was almost $8000.00!

I had a choice of paying taxes on 8 grand or getting the vehicle
'appraised' by a professional appraiser. I went to a local Auto dealer
that sells used so they have an on site appraiser and had it done. He
figured it was likely worth $550.00 so that is what I paid taxes on.
The appraisal was supposed to cost $50.00 to save 15% tax difference on
the 8K or $1125.00.

Mike
86/00 CJ7 Laredo, 33x9.5 BFG Muds, 'glass nose to tail in '00
88 Cherokee 235 BFG AT's
Canadian Off Road Trips Photos: Non members can still view!
Jan/06 http://www.imagestation.com/album/pictures.html?id=2115147590
(More Off Road album links at bottom of the view page)

> I just received my Title Complete Notice for a used Volkswagen I
> bought and noticed that the "Original Tax Value" is several thousand
[quoted text clipped - 5 lines]
>
> thanks

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