Re: Titled & Registered my Trailer today!

Posted by Cabreco on Nov 14, 2012; 1:27pm
URL: http://vintage-and-classic-hondas.81.s1.nabble.com/Titled-Registered-my-Trailer-today-tp4032062p4032108.html

shinyribs wrote

That is where a Bill of Sale saves your butt here. It doesn't matter if what you have,whatever the BOS states as the sale price,That is the new taxable value. The BOS on my '01 Silverado ( 6 years ago)was $1500

Yeah EVERYTHING is now subject to personal property tax, unless you are active military. On the plus point on a $143.99 trailer it should be around $6 and would subsequently drop as the value drops...Oh wait, we have a MINIMUM FEE of $8. So even though the value would incur a TAX of $6 they have a FLOOR amount which they reclassify as a FEE of $8.

Since BOTH my vehicles were bough new, my bill of sale shows original purchase price so they use the NADA book. Bottom line the state of Virginia is a TAX PREDATOR!