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Old March 22nd 04, 05:42 AM
Steve
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"BTIZ" wrote
A $100K value aircraft pays the same tax rate as a $100K house, in this
state/county anyway. But the aircraft "depreciates" on the tax rolls, and
the house "appreciates".

BT


Consider yourself lucky. In Kansas (Yes, home to The Air Capital of
The World), airplanes are taxed at THREE TIMES the rate of houses.
Here, 120K home pays about $1600 per year. So, an ASH-25 would have
to pay almost $5K/year.

But, if it is over 30 years old, it is eligible for exemption. Wanna
guess the age of my gliders? My 604 turned 31 last month. Happy
Birthday to you....

Steve Leonard
Wichita, KS