Allan Streib wrote:
In Indiana, to transfer title you pay sales tax based on the bill of
sale or stated sale price. You also pay a yearly tax based on the value
of the vehicle (determined by vehicle model and age, not sale price)
which is part of the yearly registration renewal.
Same here in Michigan.
Our vehicle property tax goes down for three years and then stays there, with a
3 year old car paying half of new, and a 24 year old car also paying half of
new. At 25 years, you've got a pretty good incentive to license and insure it as
a historic vehicle. If I were to license my 16v normally, the annual license fee
would be more than the sales tax from when I bought it. So every year I license
my 1977 Saab for $32, and then pay $8 to transfer the plate to the 2.3-16. Saves
me about $95 that way, and the state has to give me a new plate every year. I
don't make the rules, I just play by them.
Mitch.
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