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Something interesting on my VA car tax receipt

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Old Oct 10, 2007 | 06:16 AM
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Default Something interesting on my VA car tax receipt

As all the Virginians on this board are aware, we are subject to a yearly draconian automobile personal property tax. I just received my receipt for my 03 350 ($277.11) and it had something interesting on it.

Not only did it have the assessed value and tax rate (4.57% IIRC), they also listed what the tax would have been pre-rollback. It was somewhere in the neighborhood of $839 . Absolutely amazing.

Rollback FTW. Mark Warner and his freezing of the rollback and cancellation of the permanent rollback of the car tax FTL.
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Old Oct 10, 2007 | 06:27 AM
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Originally Posted by GalvatronType_R
As all the Virginians on this board are aware, we are subject to a yearly draconian automobile personal property tax. I just received my receipt for my 03 350 ($277.11) and it had something interesting on it.

Not only did it have the assessed value and tax rate (4.57% IIRC), they also listed what the tax would have been pre-rollback. It was somewhere in the neighborhood of $839 . Absolutely amazing.

Rollback FTW. Mark Warner and his freezing of the rollback and cancellation of the permanent rollback of the car tax FTL.
A little slow here today... can you explain what the "roll back" is/was?
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Old Oct 10, 2007 | 06:46 AM
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Originally Posted by KManZ
A little slow here today... can you explain what the "roll back" is/was?
Basically, when the previous-to-Mark-Warner governor, Jim Gilmore ran, his main platform promise was to get rid of the car tax. When he won office, he tried to get that through but because the VA legislature was controlled by Democrats, he compromised and agreed to a layered rollback of the car tax. Each year, the tax burden would be lowered and lowered until it was eventually to be phased out completely by 2008 or 2009.

When Mark Warner was elected, he froze the car tax at the current rate (no more incremental rollbacks) so the rate we pay now is the same rate we paid in 2003 IIRC. The $839 in the OP is the tax I would have paid on the Z if there was no rollback whatsoever.
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Old Oct 10, 2007 | 08:29 AM
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Damn man, that is a hefty chunk. In 03 I remember paying $4xx something for the tax on my Z. Car tax is ridiculous... can't wait to see what my 07 is going to cost me :|
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Old Oct 10, 2007 | 09:30 AM
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Originally Posted by KManZ
Damn man, that is a hefty chunk. In 03 I remember paying $4xx something for the tax on my Z. Car tax is ridiculous... can't wait to see what my 07 is going to cost me :|
$0...Montana Rules.
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Old Oct 10, 2007 | 09:58 AM
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Don't forget that a lot of the county residents pay a tax too...hell, in Henrico, we JUST got rid of those stupid window stickers showing that we had paid the tax. My '73 240 was assessed this year at $16 tax...not too bad, but it took 34 years for it to get so low. VA. sucks when it comes to taxes...no wonder that instead of the Commonwealth of Virginia, people call it the Communist State of Virginia.
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Old Oct 10, 2007 | 11:03 AM
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Just keep in mind that in order to get the money they felt they were owed, after they lowered the taxes soo much... They created this stupid "Civil Fine' for motor vehicle citations....

This is why we now have a $3,000 fine (for Virginia residents ONLY) if you get caught speeding 15mph+ over the posted speed limit...
They expected to generate over $60 million in revenue in the first year....
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