What do you pay for the KY car property tax? (Scottsville: vehicle registration, house)

[marino760]

Originally Posted by Crazee Cat Lady

^In Frankfort they are talking about lowering and getting rid of state income tax, but if they do they are considering raising the sales tax, from what I understand. So you are right, they get their money one way or the other.


I know Tennessee and Florida charge no state income tax, so it can be done, but I have heard that they just raise the sales tax to make up for it. I would imagine Florida and Tennessee make a lot more money through tourism than we do too, though.

To be fair the state income tax has already started to be reduced. The goal is to reduce the state income tax .5 percent per year until it is gone. Many see this as a way to compete with TN for new businesses and make KY more desirable for retirees and others. The sales tax percentage is not being raised. They are merely adding things, mostly services which weren't previously taxed at all. Things like tattoos, cosmetic surgery, increased tax on new utility meters. The sales tax percentage on buying basic goods was not changed by the state. If you paid 6% sales tax 3 years ago when you bought a TV, you would still pay 6% today. I believe the state currently has a good size surplus in revenues.
There's a list of services available online that are currently taxed which previously were not, if anyone cares to see it.

[cremebrulee]

I paid $419.00 here in BG, and some change on mine last year. It's 3 years old, but I believe that's awful high....

I'd rather pay for inspection and emissions as we did in PA as it's a lot cheaper

[cremebrulee]

Originally Posted by Crazee Cat Lady

^In Frankfort they are talking about lowering and getting rid of state income tax, but if they do they are considering raising the sales tax, from what I understand. So you are right, they get their money one way or the other.


I know Tennessee and Florida charge no state income tax, so it can be done, but I have heard that they just raise the sales tax to make up for it. I would imagine Florida and Tennessee make a lot more money through tourism than we do too, though.

PA has one of the highest Sales Tax on Gasoline in the country....and they claim every year, it's for bridge and road repair, but you wouldn't believe the pot holes you have to dodge so you don't wreck your car....all they do is overlay blacktop, they actually do not repair roads, but people don't know what's involved in digging up a road and repairing, so they are robbing the people blind, and with all the roads crumbling underneath they are going to have a tough time repairing them all one day.

[cremebrulee]

Originally Posted by Crazee Cat Lady

You made me curious, so I had to google it.
From what I can tell online it says that

26 states charge vehicle property taxes, 23 states do not charge vehicle property taxes



We paid no where near 400 dollars in vehicle tax and registration, we only paid 220 for both cars.
Of course our cars are not even remotely fancy or new!

what are the years of your cars that you paid 400 for?

I paid over 400 for my one car?

[Crazee Cat Lady]

Originally Posted by cremebrulee

what are the years of your cars that you paid 400 for?

I paid over 400 for my one car?

You must be rich! I guess the key is in being poor and/or having older less expensive cars!

We have old cars!
We paid for a 19 year old Grand Marquis and a 2019 Chevy Cruze.
They may not be the fanciest, but hey they are all paid for and get you to where you need to be!


It's weird. I get groceries delivered, today the guy who delivered groceries from walmart had a Tesla 3.
And in the past another one was driving a new BMW.
The delivery driver from Krogers only had a late model Mercedes!
I am retired now, evidently I worked in the wrong places when I worked, lol!

[cremebrulee]

Originally Posted by Crazee Cat Lady

You must be rich! I guess the key is in being poor and/or having older less expensive cars!

We have old cars!
We paid for a 19 year old Grand Marquis and a 2019 Chevy Cruze.
They may not be the fanciest, but hey they are all paid for and get you to where you need to be!


It's weird. I get groceries delivered, today the guy who delivered groceries from walmart had a Tesla 3.
And in the past another one was driving a new BMW.
The delivery driver from Krogers only had a late model Mercedes!
I am retired now, evidently I worked in the wrong places when I worked, lol!

I had to get another car in 2000 so I bought one during the pandemic, they were a little cheaper then but the car tax on it made me think again for next time, although Hopefully this car will be it for me

[cremebrulee]

Originally Posted by Crazee Cat Lady

^In Frankfort they are talking about lowering and getting rid of state income tax, but if they do they are considering raising the sales tax, from what I understand. So you are right, they get their money one way or the other.


I know Tennessee and Florida charge no state income tax, so it can be done, but I have heard that they just raise the sales tax to make up for it. I would imagine Florida and Tennessee make a lot more money through tourism than we do too, though.

no matter what, they get you in some way shape or form...but I will say this...BG's roads are excellent, compared to PA's Roads....BG does a great job with filling in any pot holes, of which there are very few....

btw, do you drive a car that says Crazee Cat Lady? I saw one on Scottsville Rd. the other day and wondered if it was you. lol

[ReaperG1rl]

Originally Posted by cremebrulee

PA has one of the highest Sales Tax on Gasoline in the country....and they claim every year, it's for bridge and road repair, but you wouldn't believe the pot holes you have to dodge so you don't wreck your car....all they do is overlay blacktop, they actually do not repair roads, but people don't know what's involved in digging up a road and repairing, so they are robbing the people blind, and with all the roads crumbling underneath they are going to have a tough time repairing them all one day.

You are so right about PA. I myself is born and raised in Pittsburgh. My husband and I both moved to West Ohio to get away from city life, also cost of living in Ohio is so much cheaper. Whenever I go home to visit it is terrible. My brother in law and his family came up to stay with us in May for my father in law's hospice so they can be with him when he passed. All 3 of my BIL adult kids was in a wake up call when they went food shopping compared to New Jersey.

[cremebrulee]

Originally Posted by Crazee Cat Lady

You must be rich! I guess the key is in being poor and/or having older less expensive cars!

We have old cars!
We paid for a 19 year old Grand Marquis and a 2019 Chevy Cruze.
They may not be the fanciest, but hey they are all paid for and get you to where you need to be!


It's weird. I get groceries delivered, today the guy who delivered groceries from walmart had a Tesla 3.
And in the past another one was driving a new BMW.
The delivery driver from Krogers only had a late model Mercedes!
I am retired now, evidently I worked in the wrong places when I worked, lol!

can you tell me, how do they figure the yearly charge for your car? Do you know?

My son also told me, the older your car is, the less you pay for the tax at the end of the year? But how do they scale the charges on them?

[Crazee Cat Lady]

Originally Posted by cremebrulee

can you tell me, how do they figure the yearly charge for your car? Do you know?

My son also told me, the older your car is, the less you pay for the tax at the end of the year? But how do they scale the charges on them?

^I have actually always thought they have seemed high.They use NADA (To whom the state pays $124,000 for their 'annual subscription.' And yes it is based on the actual value NADA places on your vehicle.


WHAS in Louisville did some investigating reporting on it, you can read their results here:

BREAKING DOWN OUR INVESTIGATION

HOW YOUR CAR VALUE IS DETERMINED

The Kentucky Department of Revenue pays NADA (National Automobile Dealers Association) to provide it with an annual list of assessments for each vehicle registered in the commonwealth.

NADA is one of several services car dealers, and in this case state government, can use to determine vehicle values.

The Kentucky Department of Revenue is required by the Commonwealth Constitution Section 172 to assess property tax "at its fair cash value, estimated at the price it would bring at a fair voluntary sale".

NADA’s “Clean Trade-In” value is the standard the state uses to tax.

That value is also used to generate taxes on the local level, including county, school and emergency services taxes.

https://www.whas11.com/article/news/...9-f659fe5cda6d

^That is an excerpt from the article, you can read the whole article at the link at the bottom. It's a very interesting article.