AviP
Enthusiast
From a CT town website:
"Three types of property are assessed and subject to taxes: Real Estate, Motor Vehicle, and Personal Property. Any land or buildings you own are considered real estate. Registered motorized or unmotorized vehicles, including cars, trucks, trailers and motorcycles, are considered motor vehicles for tax purposes. Personal property is a general category which includes business equipment, machinery, furniture and fixtures either owned or leased by business. Unregistered motor vehicles are also taxed as personal property."
On the low end, the rate is about $14 per $1000 of assessed value. Assessed value is 70% of appraised value.
So for an appraised value of $40K for a 1997 GTS, an assessed value would be $28K. And the tax would be $14 * 28 = $392. This number varies by the mill rate (tax rate) decided by each city.
There is a similar tax in MA too. Luckily for me, in 1997, they did not know anything about a Viper GTS and they assessed it at $10K.
But do you wonder why so many rich hedge fund managers are based in CT. It's a great tax haven for Wall St compared to NY and NJ.
"Three types of property are assessed and subject to taxes: Real Estate, Motor Vehicle, and Personal Property. Any land or buildings you own are considered real estate. Registered motorized or unmotorized vehicles, including cars, trucks, trailers and motorcycles, are considered motor vehicles for tax purposes. Personal property is a general category which includes business equipment, machinery, furniture and fixtures either owned or leased by business. Unregistered motor vehicles are also taxed as personal property."
On the low end, the rate is about $14 per $1000 of assessed value. Assessed value is 70% of appraised value.
So for an appraised value of $40K for a 1997 GTS, an assessed value would be $28K. And the tax would be $14 * 28 = $392. This number varies by the mill rate (tax rate) decided by each city.
There is a similar tax in MA too. Luckily for me, in 1997, they did not know anything about a Viper GTS and they assessed it at $10K.
But do you wonder why so many rich hedge fund managers are based in CT. It's a great tax haven for Wall St compared to NY and NJ.
Wallingford, CT here. When I went ape **** at town hall over the assessment on my Ford GT the dip**** told me they called three local dealers and asked what they would sell my car for!!!!! Needless to say after the discussion that infolded with the town attorney that practice soon ended.......
