keepingthelightson
Santa Clarita, Ca
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gemsworld wrote:California taxes RVs the same way as any other vehicle. The registration cost is based on 1-1/4% of the value of the vehicle plus another $66 in fees. There is talk of raising the percentage to around 1-7/8%.
If you buy a new DP in California for $200K, you'll be paying about 8-3/4% sales tax, $17,500.00, and about $2,566.00 for registration for the first year. Ouch! The registration fee drops gradually on subsequent years as the vehicle depreciates in value.
Last I looked the Terminator (Arnold) has raised it to 9 3/4%.
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bsinmich
Holland, MI
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Joined: 11/18/2000
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Michigan does not treat all RVs equally. My daughter with a TT pays for a license one time and it is good for life. I pay for my MH license every year on my birthday, based on the MSRP. There is no reduction for age. With my birthday in November I used to get a license in May for 6 months but they eliminated that a few years back. 12 months or nothing. The state motto is "Trust me, I'm from the government and I'm here to help you."
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vfrmarc
Ohio
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In Ohio a motorhome is taxed at purchase based on the county you live in mine was 7%. Each year the plates run around $65.00 which includes a local tax of $20. The $20 is federally deductable b/c it is considered a property tax. We pay the $20 on each vehicle we license and all are deductable.
There is no other personal property tax on the motorhome.
This is not a reason to move to Ohio as we are likely getting out when my wife retires. Its all the other taxes that get you here. Ohio has a progressive state income tax, local income taxes in virtually every city, village, berg and cornfield, property taxes, sales taxes and the most amazing tax of all - school district income taxes (some districts).
There isn't much of a break in retirement, only your Social Security goes untaxed and your property tax bill goes down a bit. On the local income tax front, virtually all retirement income is not subject to the local income taxes as they are strictly based on earned income.
We are looking at moving to Michigan (if there is anything left to move to). They treat retirees much better, almost no retirement income is taxed except dividends and high paying pensions (not mine), they have lowered property taxes for retirees. The downside of Michigan is the license for the motorhome will go from $65 to $400.
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pusherpilot
Wherever we are.
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In South Dakota there is a 3% excise tax on the sale of vehicles. This tax is figured on the "difference" in the sale. If you have a trade-in the value of the trade-in is deducted from the purchase price of the vehicle for tax purposes. There is no property tax and the fees for our 04 Imperial and 04 GMC Envoy were about $350 last year. The license fees are determined by vehicle weight and the number of wheels. Motorcycles pay no "wheel tax but a car pays per wheel for anything over 2, $4 a wheel sticks in mind but I'm not positive, it's too low to be a factor. There is no income tax in SD.
Ron
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pusherpilot
Wherever we are.
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Is anyone familiar with the tax policy in Illinois? I have watched a couple of Motorhomes being sold there but noted the dealer states that sales tax will be collected. Can the rig be delivered out of state for registration out of state to avoid having to deal with the bureaucrats in Illinois?
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work2play_esq
Murrieta, CA
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Joined: 02/20/2005
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Mike and Trish wrote:gemsworld wrote:California registration fees are deductible on Federal returns for those filing long form.
Huh? Can you explain how that is? My understanding is that the only motor vehicle taxes/fees you can deduct are sales taxes (or non-sales, like in Delaware), annual personal property tax (like in Virginia), and taxes related to business use. I seem to recall that annual registration fees are specifically NOT deductible on your Federal taxes.
My big MH deduction is interest charges, but I'd also like more infomation about deducting the registration fees. I just paid over $1700 to register my MH in Cali.
Also, for those who claim their MH as a second home, do you (or can you) deduct upgrades, repairs or maintenance?
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pusherpilot
Wherever we are.
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My accountant (Long Beach, Ca) says the improvements etc are only deductible to the extent they are for your home. If you are using your MH as a rental then the rules change. Unless the rules have changed (I've been outta there since 02) the portion of the 'registration" fees that is deductible is just that called registration. There was a list of fees that were not deductible. As I recall there was about $15 that was deductible and around $2k that was not. Cali has the ability to simply raise fees any time they get the urge, that's another reason I left. I called it the lizard and maggot tax, they were protecting everything but my income.
Ron
work2play_esq wrote:Mike and Trish wrote:gemsworld wrote:California registration fees are deductible on Federal returns for those filing long form.
Huh? Can you explain how that is? My understanding is that the only motor vehicle taxes/fees you can deduct are sales taxes (or non-sales, like in Delaware), annual personal property tax (like in Virginia), and taxes related to business use. I seem to recall that annual registration fees are specifically NOT deductible on your Federal taxes.
My big MH deduction is interest charges, but I'd also like more infomation about deducting the registration fees. I just paid over $1700 to register my MH in Cali.
Also, for those who claim their MH as a second home, do you (or can you) deduct upgrades, repairs or maintenance?
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gemsworld
Sunny Southern California
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Joined: 03/08/2009
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Those of you living in California need to take a close look at your Vehicle Registration Renewal Notice. In the box labeled FEES you will see a line that says LICENSE FEE (May be an income tax deduction). That fee is the lion's share of the total cost of the registration. In essence that fee is a property tax, thus tax deductible.
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Goldencrazy
madison wi
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Come to Wisconsin. I paid 5.5% sales tax at purchase and pay 85 dollars annually for tag. That's it. We have a great state with lovely parks, generally good roads, good law enforcement and a population that generally believes in helping those less fortunate. We do get some snow but winter is lovely. January is a tough month with snow and cold. Eleven great months isn't bad.
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semiretiredDIY
WA state
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Tax issues are in my opinion, a huge incentive for buying "used" maybe 10 or more years old. Also, if you are retired, checking out the state tax amounts would be important, who is going to look out for you if you don't, certainly not the state.
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