Quote:
Originally Posted by 1795
Tony,
In NY it does not matter the year of the car for sales tax, they all get taxed the same based on the purchase price. At least there is no luxury tax on vehicles in NY.
Jim
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I understand and agree about sales tax, but in other states (not sure about NY) the annual "personal property tax", or "registration tax" goes down with the age of the vehicle to a certain minimum based on the original value. That's the way it's been everywhere I've lived, including in MA. It seems that CT and maybe RI base it on current market value, which is related in another post here. My point is that being a 2020 vehicle, you're initial property tax will be based also on your purchase price or some other value assessment, not the depreciated value. That is how they get you in taxes.