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Old 09-22-2006, 09:39 AM   #1
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new, USED vehicle taxes

Used-car sales tax bill faces change
By ANTHONY SPANGLER
STAR-TELEGRAM STAFF WRITER

Used-car buyers beware — of your sales tax bill.

http://www.dfw.com/mld/dfw/15576859.htm

Starting Oct. 1, tax offices across Texas will use a new system to determine sales taxes on used-car purchases, other than through licensed dealers, which could set the value at more than someone actually pays for the vehicle.

Tarrant County is considering placing deputies or constables at tax offices when the new law takes effect.

“It’s going to be a little bit of a shock to some people,” said Betsy Price, Tarrant County tax assessor/collector. “We might have to charge them a lot more if the vehicle is valued higher.”

Called “standard presumptive value,” tax assessor/collectors will use a Texas Department of Transportation guide to determine a vehicle’s value, regardless of how much a person pays for the car.

Buyers should expect to pay tax on at least 80 percent of the state-determined value, even if they paid less than that for the vehicle. State sales tax on used cars is 6.25 percent.

Mary Nell Mathis, tax advisor to consumer advocacy group Common Cause Texas, said the new guidelines could be fair.

“A $500 difference in the price of the car would only be $31.25 difference in sales tax,” she said. “For most people, that’s hardly worth arguing over. Some people will win and some people will lose.”

- IN THE KNOW Tax-sticker shock

New state guidelines meant to prevent fraud in used-car sales among private parties could mean higher sales taxes for used-car buyers.

Buyers will pay taxes based on a state assessment of the value, even if they paid less for the vehicle.

The law applies only to private transactions; it will not affect sales that go through licensed dealers.

A buyer can appeal the state’s value of the car within 20 working days of purchase by getting a licensed car dealer or insurance adjuster to appraise the vehicle and fill out state forms, a process that could cost as much as $300.

The measure was among several bills passed by the Texas Legislature to generate money for school financing.
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Old 09-22-2006, 09:41 AM   #2
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Old 09-22-2006, 09:44 AM   #3
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Quote:
Originally Posted by RACER X
Used-car sales tax bill faces change
By ANTHONY SPANGLER
STAR-TELEGRAM STAFF WRITER

Used-car buyers beware — of your sales tax bill.

http://www.dfw.com/mld/dfw/15576859.htm

Starting Oct. 1, tax offices across Texas will use a new system to determine sales taxes on used-car purchases, other than through licensed dealers, which could set the value at more than someone actually pays for the vehicle.

Tarrant County is considering placing deputies or constables at tax offices when the new law takes effect.

“It’s going to be a little bit of a shock to some people,” said Betsy Price, Tarrant County tax assessor/collector. “We might have to charge them a lot more if the vehicle is valued higher.”

Called “standard presumptive value,” tax assessor/collectors will use a Texas Department of Transportation guide to determine a vehicle’s value, regardless of how much a person pays for the car.

Buyers should expect to pay tax on at least 80 percent of the state-determined value, even if they paid less than that for the vehicle. State sales tax on used cars is 6.25 percent.

Mary Nell Mathis, tax advisor to consumer advocacy group Common Cause Texas, said the new guidelines could be fair.

“A $500 difference in the price of the car would only be $31.25 difference in sales tax,” she said. “For most people, that’s hardly worth arguing over. Some people will win and some people will lose.”

- IN THE KNOW Tax-sticker shock

New state guidelines meant to prevent fraud in used-car sales among private parties could mean higher sales taxes for used-car buyers.

Buyers will pay taxes based on a state assessment of the value, even if they paid less for the vehicle.

The law applies only to private transactions; it will not affect sales that go through licensed dealers.

A buyer can appeal the state’s value of the car within 20 working days of purchase by getting a licensed car dealer or insurance adjuster to appraise the vehicle and fill out state forms, a process that could cost as much as $300.

The measure was among several bills passed by the Texas Legislature to generate money for school financing.
the MAN will try an squeeze every dime out of you...
..goes to funding schools huh? is it me, or has every new tax or change in tax set to go to "funding education"
B.S.! it goes to fatter legislature salaries
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Old 09-22-2006, 09:48 AM   #4
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this sucks, im gonna take a pic to the tax office when i register and title the F3, just to show them i really paid 800 for it
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Old 09-22-2006, 09:48 AM   #5
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Quote:
Originally Posted by Max
the MAN will try an squeeze every dime out of you...
s might as well just hold us upside down my our feet and shake the change from our pockets
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Old 09-22-2006, 09:49 AM   #6
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Quote:
Originally Posted by bentgixxer
this sucks, im gonna take a pic to the tax office when i register and title the F3, just to show them i really paid 800 for it
doubt that will work though
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Old 09-22-2006, 09:50 AM   #7
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guess i should use this paycheck to do it before the first, that way dont have to worry bout it
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Old 09-22-2006, 09:51 AM   #8
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Quote:
Originally Posted by bentgixxer
guess i should use this paycheck to do it before the first, that way dont have to worry bout it
+1 :eh:
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Old 09-22-2006, 09:52 AM   #9
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stop listing what u sold here - nobody cares...






Quote:
Originally Posted by Max
doubt that will work though
i agree...

the state will never pay you more that $20 for that bike... :icon_bigg

j/k mang... :icon_smil
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Old 09-22-2006, 09:53 AM   #10
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Quote:
Originally Posted by fz1moto
i agree...

the state will never pay you more that $20 for that bike... :icon_bigg

j/k mang... :icon_smil


:laughing6 :laughing6
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Old 09-22-2006, 10:37 AM   #11
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that's BS....i think i'm gonna use www.hitman.us and get the political assassination package for whoever introduced the idea hahaha
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Old 09-22-2006, 11:12 AM   #12
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Quote:
Originally Posted by houseofpain
that's BS....i think i'm gonna use www.hitman.us and get the political assassination package for whoever introduced the idea hahaha
+1, lets go halfzies
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Old 09-22-2006, 01:19 PM   #13
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thats absolutely retarded I bought my car from a junkyard for $650 bucks with no wheels, a cracked block, no rear window, mold on the seats, and 2 holes in the top... book value on it was around $3500.

why should I have to pay book value when I bought a POS?
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Old 09-22-2006, 01:20 PM   #14
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Yet, another example of how honest folks pay for the actions of those who are not.
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Old 09-22-2006, 01:34 PM   #15
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So they don't think $30 is worth arguing over, huh?

Well they passed a law to get 'their' $30 from YOU so I guess they must be contradicting themselves.
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Old 09-22-2006, 03:37 PM   #16
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Quote:
Originally Posted by denhou1974
So they don't think $30 is worth arguing over, huh?

Well they passed a law to get 'their' $30 from YOU so I guess they must be contradicting themselves.
ha!

you know, living in the land of the free sure is getting expensive
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Old 09-22-2006, 04:20 PM   #17
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Quote:
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ha!

you know, living in the land of the free sure is getting expensive

Where would you like to go? The plane is ready, sir.
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Old 09-22-2006, 04:51 PM   #18
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Quote:
Originally Posted by level5
Where would you like to go? The plane is ready, sir.
other countries have their own sets of follies, dont get me wrong..
these here are just getting almost unbearable, whats next? an air tax? bicycle registration? i bet, by the time the american people stand up to take action it will be to late to do anything. the goverment already strong holds everything :confused1
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Old 09-22-2006, 04:52 PM   #19
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Where would you like to go? The plane is ready, sir.
you fly?
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