Depreciated Value of Vehicle

greenspun.com : LUSENET : I-695 Thirty Dollar License Tab Initiative : One Thread

Where is it set down (which RCW) how the DOL calculates the depreciated value of the vehicle? Or is it left to their discretion? I'm paying $500 for a four year old Saab worth $15k but $400 for a brand new $20k Subaru. What's wrong with this picture?

I don't mind paying the taxes. I just think their flat depreciation schedule is unfair. It would be better if it was keyed off the NADA or KBB market value like it is in Virginia.

Glenn

-- Glenn Wallace (wallaces@drizzle.com), September 01, 1999

Answers

Gee, I'm paying $9.00 per year on my 1974 Datsun 240Z sports car, that is worth one heck of a lot more than the state taxes it at. This is not a complaint. The tax is correctly percieved to be unfair and outrageous and will be repealed by the voters in November 1999.

-- Art Rathjen (liberty@coastaccess.com), September 01, 1999.

I had a 1974 Datson 240Z once. If yours gives you as much trouble as mine gave me, you're being overcharged. ;

-- Craig Carson (craigcar@crosswinds.net), September 02, 1999.

I also have a 1967 Cortina GT that I pay $44 a year on. I think the actual value of the car is $500 or so.

Glenn

-- Glenn Wallace (wallaces@drizzle.com), September 02, 1999.


The depreciation schedule can be found in RCW 82.44.041.

It is based upon the MSRP of the base model vehicle (no options).

-- Patrick (patrick1142@yahoo.com), September 02, 1999.


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