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#1
March 22nd 04, 05:42 AM
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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 
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