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Old 09-10-2017, 09:51 PM
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john hall john hall is offline
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Join Date: Jul 2009
Location: Durham, NC
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Default Older vehicle tax value

Just curious as to how other areas place property tax values on vehicles. Specifically old cars and trucks. Not gripes about your house valuation, or on your boat and RV---just older cars.

In a nutshell, the issue I am running into at the moment is the tax value on a 38 year old 1 ton farm truck. It has a wood stake body--and I mean wood as in wood floor, runners, sides, you get the idea. It has an automatic trans, broken AC, no dents, some rust. The county thinks its worth over $13,000. The county thinks ANY old vehicle is a collectors item. Around here, that truck would sell for $1,500-3,000. Where they get the crazy values I don't know. A few years back the tax value on my 66 Mustang shot up to $16,000. I raised heck with the tax office to the point they realized I wasn't just going to "go away". Since the car was not a daily driver, they finally told me that if I paid an extra $10 a year to get antique auto tags, the most they could tax the car at would be $500. So I did and now the county gets WAY less in tax revenue for the car than they did before--the savings even offset the extra cost of the antique auto tags. I'm going to check, but I don't think I can get a "weighted" antique auto tag. So looks like I'll probably be arguing with the tax office.

Anyone else live in a county that just assumes because a vehicle is old that it is restored and worth a small fortune?
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