I'm going to get eaten alive on Texas State car tax!

[dethman]

38k for a 2017 MS less than a year old with 29k miles. What a ridiculous offer.

 

[xyeahtony]

Tesla does not match carmax for other teslas. they also offered me an outrageous price for my car as well. we're talking $20k under kbb.

 

[P85_DA]

Humm. Interesting. But why Nevada?

Tesla u can’t take delivery in Montana so Nevada closest

 

[Corbets]

You guys are funny. Want to feel the pain? Buy a Tesla in Denmark (I’m there right now with family)... 150% (no, that’s not a typo) sales tax on the X or S.

The Copenhagen Post - Danish News in English

Explained: Denmark's crazy car registration tax

/thread

 

[Canuck]

13% in sales tax on a new Tesla for those of us in Ontario.

15% here in BC! 5% GST plus our PST is charged at a rate of 7 percent for vehicles less than $55,000 then increases by 1 percent for each additional $1,000, up to a maximum of 10 percent for vehicles above $57,000. No Tesla is under $57k so 15%. That was $15k on my S. More than I've spent on many vehicles in my life.

You guys are funny. Want to feel the pain? Buy a Tesla in Denmark (I’m there right now with family)... 150% (no, that’s not a typo) sales tax on the X or S.

Okay, you win.

 

[Tes La Ferrari]

15% here in BC! 5% GST plus our PST is charged at a rate of 7 percent for vehicles less than $55,000 then increases by 1 percent for each additional $1,000, up to a maximum of 10 percent for vehicles above $57,000. No Tesla is under $57k so 15%. That was $15k on my S. More than I've spent on many vehicles in my life.



Okay, you win.

15%+5% = 20% tax were the good old days of “low” taxes on cars in B.C.

A fiend just bought a p100d , and payed over 25% as the pst has been raised by 5%, and the there is now tax on tax so the real effective rate is closer to 26 or 27%!!!!

 

[Canuck]

15%+5% = 20% tax were the good old days of “low” taxes on cars in B.C.

A fiend just bought a p100d , and payed over 25% as the pst has been raised by 5%, and the there is now tax on tax so the real effective rate is closer to 26 or 27%!!!!

Yes, the luxury surtax applies to passenger vehicles when the value for tax exceeds:

• $55,000 to $55,999.99 7% PST plus 1% Luxury tax
  
• $56,000 to $56,999.99 7% PST plus 2% Luxury tax
• $57,000 to $124,999.99 7% PST plus 3% Luxury tax
• $125,000 to $149,999.99 7% PST plus 8% Luxury tax (effective April 1, 2018)
• $150,000 and over 7% PST plus 13% Luxury Tax (effective April 1, 2018)

Plus his insurance rates will double for it too -- which unlike the one-time tax, he has to pay each year for 7 years, if he keeps it that long.

Coverage for luxury vehicles

 

[dethman]

Yes, the luxury surtax applies to passenger vehicles when the value for tax exceeds:

• $55,000 to $55,999.99 7% PST plus 1% Luxury tax
  
• $56,000 to $56,999.99 7% PST plus 2% Luxury tax
• $57,000 to $124,999.99 7% PST plus 3% Luxury tax
• $125,000 to $149,999.99 7% PST plus 8% Luxury tax (effective April 1, 2018)
• $150,000 and over 7% PST plus 13% Luxury Tax (effective April 1, 2018)

Plus his insurance rates will double for it too -- which unlike the one-time tax, he has to pay each year for 7 years, if he keeps it that long.

Coverage for luxury vehicles

wtf. okay i'm glad i don't live in canada.

 

[Tes La Ferrari]

Yes, the luxury surtax applies to passenger vehicles when the value for tax exceeds:

• $55,000 to $55,999.99 7% PST plus 1% Luxury tax
  
• $56,000 to $56,999.99 7% PST plus 2% Luxury tax
• $57,000 to $124,999.99 7% PST plus 3% Luxury tax
• $125,000 to $149,999.99 7% PST plus 8% Luxury tax (effective April 1, 2018)
• $150,000 and over 7% PST plus 13% Luxury Tax (effective April 1, 2018)

Plus his insurance rates will double for it too -- which unlike the one-time tax, he has to pay each year for 7 years, if he keeps it that long.

Coverage for luxury vehicles

Yes... this insurance rate group98 bs is crazy!!!

For people who don’t live in British Columbia , we have government run car insurance that we have to buy car insurance from. And about 5 years ago they decided to significantly hike premiums on high end vehicles Ie Ferrari Lambo Tesla p’s etc.

It’s not because these vehicles get into more accidents - they have shown no data to support that- it’s just that it’s easy to target the owners of these vehicles like sitting ducks.

But not everywhere In Canada has taxes and insurance this high. Our next door neighbors in Alberta only pay 5% tax on any new car purchase, and have much better insurance rates....

 

[mattack4000]

In CT several years ago, a Tesla would have cost like 3500 in property taxes if you live in a city. 1k if you live in a nice small town. This is on top of the sales tax of 6.25 you pay

 

[Tes La Ferrari]

In CT several years ago, a Tesla would have cost like 3500 in property taxes if you live in a city. 1k if you live in a nice small town. This is on top of the sales tax of 6.25 you pay

How does the car you drive impact property taxes ? How would they know if 1 spouse owns the house and the other the car?

 

[NerdUno]

Just a minor correction. The sales tax cap on new car sales is $300 in South Carolina.

 

[ItsNotAboutTheMoney]

I'll take our 10% sales tax and 1% property tax over Dallas's 8.25% sales tax and 2.7% property tax, any day of the week.

Your property tax isn't 1%.
You property tax is
[Value of your property] x [Total revenue wanted]/[total taxable property values]
Ours is a much higher rate, but the value of our property is very low.
Average house price in Redmond, WA is $872k v $190k in Dallas.

 

[Rockster]

OP: You could spend $1000 or so to have a Montana lawyer set up an LLC that owns your car and tax and title it for nearly nothing.

 

[Peteski]

You should come to the UK, where VAT on new cars is 20%.

 

[jelloslug]

Yes but in the end, they also lowered the income tax % in each bracket (at least for most) so you should still come out ahead, or maybe have it be a wash. I didn't feel like having two kids saved me any money anyway in my taxes. They cost way more than they save

They also lowered the amount that it takes to get to the next bracket.

 

[TexasRat]

You guys are funny. Want to feel the pain? Buy a Tesla in Denmark (I’m there right now with family)... 150% (no, that’s not a typo) sales tax on the X or S.

The Copenhagen Post - Danish News in English

Explained: Denmark's crazy car registration tax

/thread

You win. Or lose depending on how you look at it

 

[TexasRat]

They also lowered the amount that it takes to get to the next bracket.

Yes, but based on the numbers, I should still see a net decrease in total taxes owed before deductions. Not everyone will line up though.

 

[deonb]

Your property tax isn't 1%.
You property tax is
[Value of your property] x [Total revenue wanted]/[total taxable property values]
Ours is a much higher rate, but the value of our property is very low.
Average house price in Redmond, WA is $872k v $190k in Dallas.

That is because the people who are attracted to live in Redmond, WA can afford a $872k house.

If I were to move to Dallas I would still buy a $872k house there.

 

[Ludalicious]

15%+5% = 20% tax were the good old days of “low” taxes on cars in B.C.

A fiend just bought a p100d , and payed over 25% as the pst has been raised by 5%, and the there is now tax on tax so the real effective rate is closer to 26 or 27%!!!!

Was waiting on the BC comment. I got hustled on my purchase. One guy I know purchased one in Alberta just to avoid the taxes. Makes perfect sense when you look at the price. 200-230K on a P100D. That's at least 40k just in taxes. I'm curious to know just how many they sell locally compared to Alberta.