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Username Post: Question        (Topic#364834)
VanLife 
Contributor
Posts: 571

Reg: 03-20-18
04-05-21 09:14 PM - Post#2817554    

when I picked up my new plates for van I noticed on the sheet it valuated at $10,000 if I am using the right term.

anyone know what that's about . the van value was actually $2800 right before it was totaled.



when asking Questions its related to van I own: 1987 GMC 3/4 ton G2500 vandura, V6, No AC, standard length. 3speed trans(no overdrive).


 
gchemist 
Member #271 Senior Chevytalk Moderator
Posts: 25411
gchemist
Loc: Austin, TX 78748
Reg: 05-09-00
04-06-21 03:02 AM - Post#2817560    
    In response to VanLife

States value vehicles for tax purposes. Texas does the same thing. Dealers convinced the state to add taxes on private sales. All because only dealers paid sales taxes on used vehicles. Now, every time a vehicle is sold, it's taxed. The tax is separate from registration fees. Plus people would under state sale prices to reduce registration fees. All sales tax values are standardized. Value is based on miles and year model.

'83 Silverardo XST - ZZ4 powered
'95 Jimmy SLT (Bought @131,814)
'96 GMC Jimmy LS Ret. @236651 miles
'08 GMC Acadia 3.6L SLE


 
VanLife 
Contributor
Posts: 571

Reg: 03-20-18
04-17-21 02:12 PM - Post#2818241    
    In response to gchemist

This is why I hate standardized flat rate systems. Sell my van and taxes paid is far more than the van is worth.

10,000 divide 2800 = 3.5 X tax rate = adjusted tax OVER tax rate based on dollar value

example below

so instead of 8 cents for example for every dollar.

its 28 cents for every dollar. in tax.






when asking Questions its related to van I own: 1987 GMC 3/4 ton G2500 vandura, V6, No AC, standard length. 3speed trans(no overdrive).


Edited by VanLife on 04-17-21 02:14 PM. Reason for edit: No reason given.

 
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