This is why we drive older cars that are nearly fully depreciated. Where we live it's $3.57 per $100 of assessed value. On a new $80K Yukon XL Denali the taxes would be almost $2,900/year. As a kicker they send the bills out in early December because the governor is waiting for his share and doesn't want us wasting our money on presents for others or charity. They also use full NADA retail dealer value for their basis. Our 2012 is the most expensive at $428/year.one of those states that charges property tax on vehicles?
got a distance uncle on the wife's side that retired to north Carolina and bought a viper before he realized the state did that. he wasn't happy.
didn't seem to matter thou, he ended up with like 3 more high end show cars. as they say, can't hide money.
Another way to say it: I can spend $2500 on parts to keep it running and reliable, and still come out ahead on my personal property taxes vs a new one.