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Model S Fair Market Value for Tax Purposes

Discussion in 'Model S' started by dave, Dec 12, 2014.

  1. dave

    dave Member

    Sep 21, 2012
    Greater Cincinnati
    Hey gang,

    I have a 2012 P85, purchased on January 10th, 2013. I just received my property tax bill (eek!), and since they did not have a value for the car in the books, they're taxing me for 10% less than the MSRP.

    My thoughts are that the car is worth quite a bit less than that, especially considering the tax rebate which they don't take into consideration. Has anyone gone through this before and have any resources for fairly showing the real world value of the car? I was thinking more of 20% depreciation when you consider the tax rebate, two model years old, and missing many of the features from later cars.

    Thanks for the help!
  2. NigelM

    NigelM Recovering Member

    Apr 3, 2011
    Northern Virginia
  3. eco5280

    eco5280 Member

    Mar 27, 2014
    It's 2 years old - I'd say on the books it's worth 35% less than MSRP. Aren't they giving it a 50% residual after 36 months on the lease?

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