In NH, we pay a "Personal Property Tax" when we register our vehicles. Registering five vehicles regularly costs me between $1200 and $2000, depending on the age of the vehicles. It is based on List Price (regardless of what you paid) and depreciates as the vehicle gets older. Covers cars, motorcycles, trailers, boats and anything else they can think of. Welcome to "Tax Free New Hampshire".
While it is true that a portion of our registration fee is a declining
millage (personal property tax), considering that we in New Hampster do not have any state income or sales taxes (none!), I am not all that upset about that one.
I also regularly beat their taxing system as I (almost)
never buy new vehicles. Mostly because I'm a cheap ass
frugal yankee and hate to get screwed by the rapid depreciation in value that happens in the first few years of
any new vehicle's life, but it also works out in my favor in this declining millage tax scale.
A "mill" is 1/1000th of a dollar and is applied to every dollar of the msrp of the vehicle. IOW, we pay one dollar per thousand dollars of original msrp times the mill rate. The mill rate declines like this:
First year = 18 mills
1 year old = 15 mills
2 years old = 12 mills
3 years old = 9 mills
4 years old = 6 mills
5 years old (or any older) = 3 mills
So the tax on my 2005 FJR with an original msrp of $13k is 13 * 3 = $39 annual tax. I can live with that.
My registered "fleet" is also much smaller and getting older these days:
2005 FJR
2004 Jeep Liberty (SWMBO's grocery getter)
2004 V-strom 1000
2003 SAAB 9-3 Vector (unemployed son's car)
2003 Snowbear trailer
1998 VFR800
So none of them is charged more than the minimum mill tax rate of 3. :thumbsup:
Funny, I hadn't realized until just now that my old first gen FJR is the youngest vehicle that I own.
All things considered, I'll take the tax system in New Hampshire over any other state. Now if we could just figure out how to get rid of those pesky winters every year...