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Discussion Starter #1
So I buy an '03 Pilot in '02 and pay the state 2 1/2 % excise tax on the full value of the car.
Then '03 rolls around and I get my new excise bill, you can guess, '03 model in '03 must be new. Full boat no depreciation
2 1/2%.
Wonder what they're going to say at town hall when I try to splain it's a year old and subject to depreciation? You can probably guess that to.
The question is. How long will I be in there splaining this before I jump out the window?

Interesting how people can't grasp reducing taxes but sure can come up with innovative ways to collect them.
 

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The same exact thing happened to me too!! I just paid an excise tax bill of approximately $650.00 and I bought my car in August 2002!!
 

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lamuncha said:
So I buy an '03 Pilot in '02 and pay the state 2 1/2 % excise tax on the full value of the car.
Then '03 rolls around and I get my new excise bill, you can guess, '03 model in '03 must be new. Full boat no depreciation
2 1/2%.
Wonder what they're going to say at town hall when I try to splain it's a year old and subject to depreciation? You can probably guess that to.
Can you show them your paperwork from the *first* time it was new and explain that it can't be new twice? :rolleyes:

Seems odd that they haven't figured this out yet... the model year always starts earlier than the calendar year now.
 

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I may have a higher than usual tax bill as well. Virginia taxes based on trade-in value or MSRP, if it's a new model. Since it seems that no trade-in value's been established yet (at least one that those of us not in the auto industry are privy to), I expect to have to pay taxes based on MSRP again this year.
 

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Discussion Starter #6
Tax bill

chiquita said:
The same exact thing happened to me too!! I just paid an excise tax bill of approximately $650.00 and I bought my car in August 02!!
Chiquita - I am going to the town to try and get some depreciation since I bought it last July.

Usually the value drops at least 20-30% second year regardless of the model. I will let you know-not very optimistic though
 

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I got hit with the same thing. My Pilot will be 1 next week.
Massachusetts goes by model year not age.
 
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