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When I bought 1-26 #309 in Riverside County, it took a couple of years
for the previous owner to report the sale to them, then I got a bill, then I started keeping it in L.A. County (hangar). Mark, pay attention, there's a huge penalty for not paying, but if you point out that you bought a GLIDER from a PRIVATE INDIVIDUAL (not an aircraft dealer, or a business), the "sales tax & penalty" are waived or do not apply (whatever the proper legalese is for this). You'll get a questionaire from the assessor each and every year, in case you overhaul the engine, add radios, "restore" something... I don't know if you can claim depreciation for damage or repairs -- I commented on the last questionaire that my ship needed recovering and paint... Over the last three years, my bill has been $51.44, $51.41 and $40.01 -- go figure on the drop. I keep copies of the questionaire for reference as it always asks when purchased and for how much. On the stated value of $5500.00, that works out to about 1% tax. Another good reason to fly a 1-26? (As if _I_ needed one!). I remarked on the questionaire that "1-26 values have been falling..." I have NO idea if this helped, but ten bucks is ten bucks (a pattern tow?). ALSO: keep the TRAILER out of the equation!!! You're already paying exobitant California "property" tax on your vehicles through DMV. For those not familiar with CA politics, the recalled governor raised my Honda Odyssey "propety tax" (DMV registration fees, etc.) from $229.00 per year to $497.00 on a 3 year old $33,000.00 minivan. That is only one of the reasons I voted for Arnold despite wanting to see Davis stew in his political juices for the full term, then really get run out of Sacramento on a rail. Oops, that's bordering on politics -- really guys, I'm just trying to explain the taxes... And you thought soaring avoided taxes because we use nature, don't make noise and have pretty ships... -Pete #309 |
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126Flyr wrote:
For those not familiar with CA politics, the recalled governor raised my Honda Odyssey "propety tax" (DMV registration fees, etc.) from $229.00 per year to $497.00 on a 3 year old $33,000.00 minivan. That is only one of the reasons I voted for Arnold despite wanting to see Davis stew in his political juices for the full term, then really get run out of Sacramento on a rail. Oops, that's bordering on politics -- really guys, I'm just trying to explain the taxes... I know many Californians like to forget this, but Davis did not *raise* the auto "property tax", it was *lowered* a few years back when California had a huge tax surplus, then Davis *restored* it to its former levels when the surplus went away. But, why let reality get in the way of electing Arnold... Marc |
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In article ,
Marc Ramsey wrote: 126Flyr wrote: For those not familiar with CA politics, the recalled governor raised my Honda Odyssey "propety tax" (DMV registration fees, etc.) from $229.00 per year to $497.00 on a 3 year old $33,000.00 minivan. That is only one of the reasons I voted for Arnold despite wanting to see Davis stew in his political juices for the full term, then really get run out of Sacramento on a rail. Oops, that's bordering on politics -- really guys, I'm just trying to explain the taxes... I know many Californians like to forget this, but Davis did not *raise* the auto "property tax", it was *lowered* a few years back when California had a huge tax surplus, then Davis *restored* it to its former levels when the surplus went away. But, why let reality get in the way of electing Arnold... Marc And don't forget the new Permanent Trailer Identification (PTI) stickers or plates that CA registered trailers now carry. I haven't gotten a registration fee invoice since that sticker arrived, which saves me about $20 each year. Hmmm, I wonder how much money it saves someone who owns a tractor trailer? Ken |
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