Another California Present

[Stormy320]

Originally Posted by HEADHUD

From what I've read and been told by DMV in CA. they use Kelly Blue Book values to get the value of the car to figure the tax. Trouble is Kelly BLue Book doesn't list our car so DMV told me they use the purchase price to determine tax. That means our cars value will never go down, so niether can the tax, they gotcha !!!!

...and the same well thought ideas are being used on a national level as the current administration tries to impose health care and cap and trade on all of us.

One can only imagine the confusion that would arise.

[shay2nak]

Mine was almost $700 this year!

[Flash G]

Just got mine for my 2007 Exige S... $596.00... about $200 more than last year.

[Overlander23]

Yeah, no...

According to California Revenue & Taxation code (CAL. RTC. CODE § 10753.2 : California Code - Section 10753.2) a car is initially put into a class based off of a market value determined by the DMV (there's no mention of the Kelley Blue Book, but I'm supporting or denying its use). Chances are, a new car is based off of retail rates as can be found in many publications, like the Kelley Blue Book.

The VLF is based off 1.15% of the class value. For each subsequent year the amount the VLF is based on goes down 10% (until it gets down to only 15% of the original market value 11 years later.) Your car's value... every car's value goes down, for the purposes of determining the VLF, by 10% per year. It's not based off of the market value on a year by year basis.

Technically the increase in VLF to 1.15%, from 0.65%, is a temporary measure that will expire at the end of June 2011, unless it's voted to extend it, in which case it will expire in 2013.

Originally Posted by HEADHUD

From what I've read and been told by DMV in CA. they use Kelly Blue Book values to get the value of the car to figure the tax. Trouble is Kelly BLue Book doesn't list our car so DMV told me they use the purchase price to determine tax. That means our cars value will never go down, so niether can the tax, they gotcha !!!!