Is it based on a percentage of the value? Or just on the age? Combo of both? With a 6% sales tax rate on car sales/leases here, the difference in registration won't be too awful bad.
Is it based on a percentage of the value? Or just on the age? Combo of both? With a 6% sales tax rate on car sales/leases here, the difference in registration won't be too awful bad.Yeah, it's a combination of both value and age. Not sure what the exact formula is though. The registration cost is deductible from your federal income taxes (it's a personal property tax), where a sales tax is not. On a 20k car, it will (roughly) start out at about $400 year, and drop down to $60 in 6 years.