 Tax Man Cometh, Why you car is worth 13K even if it is a rusty hulk |
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| ctc911ctc |
 Sep 14 2019, 11:27 AM
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Senior Member  Group: Members Posts: 1,124 Joined: 9-June 18 From: boston Member No.: 22,206 Region Association: North East States 
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Happy Teener Day,
Bought a 'garage find' oct 18 for 3K, worked on it in the garage until this month, then I went and registered it in Massachusetts (Tax-a-chusetts). Was told that it would be valued from the NADA retail book, for a '74 2.0 this is $13,150. Tax: 821.88. But it gets better....... Since I bought it 8 months previous, I have to pay a penalty for not registering it when I bought it. This comes to $294.12. But it gets better........ When I politely inquired if I could appeal this assessment, I was told YES, here is the process. https://www.mass.gov/files/documents/2018/1...sc-form-abt.pdf If you look at page 3, in essence they saw me coming and had me all figured out. So, if you have an old Porsche in MA and have not registered it in a while, move it to a friends house in NH or RI, register it there and then transfer. |
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| gandalf_025 |
Sep 14 2019, 12:11 PM
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Senior Member Group: Members Posts: 1,489 Joined: 25-June 09 From: North Shore, Massachusetts Member No.: 10,509 Region Association: North East States |
As an example....
My 914 is valued at 550.00 The 1990 ZRI is valued at 6000.00 Wife’s 911 is valued at 3000.00 Honda is 350.00 Excise is 25.00 per 1000.00 of value.. |
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Posts in this topic
ctc911ctc Tax Man Cometh Sep 14 2019, 11:27 AM
Unobtanium-inc
Happy Teener Day,
Bought a 'garage find... Sep 14 2019, 11:35 AM 914Sixer You can't buy a parts car any more!!... Sep 14 2019, 11:39 AM preach
So, if you have an old Porsche in MA and have ... Sep 14 2019, 11:43 AM gandalf_025 New Hampshire has no sales tax, so it is easy.
Mas... Sep 14 2019, 11:50 AM
preach
New Hampshire has no sales tax, so it is easy.
... Sep 14 2019, 11:55 AM gandalf_025 That sounds like the Excise Tax we have in Massach... Sep 14 2019, 12:09 PM bandjoey Move South :) Texas register it as a non running ... Sep 14 2019, 12:10 PM mepstein The three motorcycles I purchased were either miss... Sep 14 2019, 01:36 PM Unobtanium-inc
The three motorcycles I purchased were either mis... Sep 14 2019, 03:01 PM mepstein
The three motorcycles I purchased were either mi... Sep 14 2019, 03:19 PM preach NH isn't a tax it's a fee. :lol4:
Live F... Sep 14 2019, 02:43 PM rhodyguy How much were you told the 356 was worth according... Sep 14 2019, 03:22 PM preach No title needed in NH. IMO NH is one of the easies... Sep 14 2019, 03:26 PM raynekat Just registered my 914 in Oregon. They didn't ... Sep 14 2019, 05:26 PM mepstein
Just registered my 914 in Oregon. They didn't... Sep 14 2019, 05:32 PM theer Maine is even easier. I was in exactly the same p... Sep 14 2019, 05:32 PM ctc911ctc Had I known!
:headbang:
Maine is even ea... Sep 15 2019, 10:47 AM mepstein
Maine is even easier. I was in exactly the same ... Sep 15 2019, 11:29 AM Larmo63 I'm surprised the pointy headed _____________ ... Sep 15 2019, 01:47 PM |
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