excise tax - Page 2 - BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)

itsthechuck · 02-19-2009, 04:27 PM

Quote:

Originally Posted by m_thompson

No excise tax on cars in Rhode Island since 2006.

I believe there is property tax on cars in RI and depending on where you live it isn't cheap. Good news is they valued my 04 R32 at $4300.

Bdh821 · 02-19-2009, 08:22 PM

This years is $523.75

ugarte · 02-19-2009, 09:38 PM

delete

lizak187 · 02-20-2009, 10:37 AM

i paid 680 from july 20th-dec31 for my ///M....the 2009 bill should be interesting i havent gotten it yet

mugennosora · 02-20-2009, 10:41 AM

lizak, I bet this year is around the same,

pheller · 02-20-2009, 10:46 AM

Quote:

Originally Posted by lizak187

i paid 680 from july 20th-dec31 for my ///M....the 2009 bill should be interesting i havent gotten it yet

It should be nearly the same as you paid in 2008, considering it's based on 90% of sticker during model year and 50% of sticker during model year+1.

I'll keep my fingers crossed for you!

aznqtboy984 · 02-26-2009, 10:06 PM

just paid city of quincy $595 for the excise tax. Ouch!

lizak187 · 03-23-2009, 02:41 PM

2009 bill for the m3 847$ ...

windmaker · 03-23-2009, 03:40 PM

I just got mine last week. Its $505

gio · 04-02-2009, 04:19 PM

Excise tax is ridiculous. I can't figure out what they actually do with this money. We already paid sales tax when we bought the car, what is the excise tax for? In NY, where I am from, we didn't have anything like it. Even worse, it doesn't seem to be tax deductable (unless you itemize).

roldan · 04-02-2009, 04:44 PM

Quote:

Originally Posted by gio

Excise tax is ridiculous. I can't figure out what they actually do with this money. We already paid sales tax when we bought the car, what is the excise tax for? In NY, where I am from, we didn't have anything like it. Even worse, it doesn't seem to be tax deductable (unless you itemize).

I think it's a use tax that pays for roads and stuff - probably politically easier (since it's a progressive tax in this case) to have in an excise tax than to roll it in to gas taxes, which would be a better indication of actual road use.

Oh well..

BimmerLearner · 04-17-2009, 03:33 PM

Mine was 500 and something; bmw billed me - funny, my wifes ford lease never passed it on.

bluecat · 03-20-2013, 07:51 AM

bumping this thread since I just got my 2013 excise bill. Somehow they've valued my my 2008 135i at $3500, so my excise is only like 87 dollars. Just wondering if I've lucked out, or they just have no idea how to value our cars.

heiman5 · 03-20-2013, 08:39 AM

Quote:

Originally Posted by bluecat

bumping this thread since I just got my 2013 excise bill. Somehow they've valued my my 2008 135i at $3500, so my excise is only like 87 dollars. Just wondering if I've lucked out, or they just have no idea how to value our cars.

Not sure if this means much but I just registered my '08 and they valued it with NADA at ~20k... that was a fun $1,100 check to write. ( I know this isnt the excise tax but just for value purposes from this silly state)

Twhill19 · 03-20-2013, 09:00 AM

fuck excise tax...how is mine more than what I paid last year??

My excise was from May-December 2012 = $520

2013 = $590

I need an adult

five_timer · 03-20-2013, 09:04 AM

Quote:

Originally Posted by bluecat

bumping this thread since I just got my 2013 excise bill. Somehow they've valued my my 2008 135i at $3500, so my excise is only like 87 dollars. Just wondering if I've lucked out, or they just have no idea how to value our cars.

Excise tax is based on a rapidly depreciating book value, so that's typical.

In contrast, NH has a town "registration fee" which is much worse than excise tax after the car's 1st year, because it goes down linearly by 0.3%/yr. So I paid a $500 town fee on my 2 year old car. NH gets you every which way, they just don't call it a tax.

PyratOne · 03-21-2013, 07:04 PM

Quote:

Originally Posted by Twhill19

fuck excise tax...how is mine more than what I paid last year??

My excise was from May-December 2012 = $520

2013 = $590

I need an adult

Did you have a 2012 jan-apr excise tax on a different car(traded in or sold for new car?)

Artmasterx · 04-13-2013, 10:46 PM

Quote:

Originally Posted by Twhill19

fuck excise tax...how is mine more than what I paid last year??

My excise was from May-December 2012 = $520

2013 = $590

I need an adult

You only paid a prorated excise tax in 2012 because I assume you purchased the car that year. It probably would have been ~$700 if you bought the car in Jan 2012. The 2013 amount assumes you will own it the whole year. If you sell mid-year, then I think you can claim reimbursement for part of the amount.

Also, it's nice that the tax will decrease fast year-by-year. The excise tax for my 2007 335i was less than $100 if I remember correctly. So they base it on a fast depreciation schedule, not the actual value of the car.

02-19-2009, 09:38 PM	#25
ugarte New Member Drives: delete Join Date: Dec 2008 Location: delete Posts: 16 iTrader: (0)	delete Last edited by ugarte; 10-27-2009 at 03:43 PM.

02-26-2009, 10:06 PM	#29
aznqtboy984 Private Drives: 135 Convertible Join Date: Jan 2009 Location: Boston Posts: 83 iTrader: (1)	just paid city of quincy $595 for the excise tax. Ouch! __________________

04-02-2009, 04:19 PM	#32
gio Lieutenant Drives: Join Date: Apr 2008 Posts: 581 iTrader: (0)	Excise tax is ridiculous. I can't figure out what they actually do with this money. We already paid sales tax when we bought the car, what is the excise tax for? In NY, where I am from, we didn't have anything like it. Even worse, it doesn't seem to be tax deductable (unless you itemize). __________________ 2008 Sedona Red 135i coupe Black leather with aluminum trim Sport package, Active Steering Premium/satellite/hd radio

03-20-2013, 09:00 AM	#37
Twhill19 hungry Drives: 2012 135i N55 Join Date: May 2012 Location: Boston, MA Posts: 443 iTrader: (0)	fuck excise tax...how is mine more than what I paid last year?? My excise was from May-December 2012 = $520 2013 = $590 I need an adult Last edited by Twhill19; 03-20-2013 at 09:09 AM.

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02-19-2009, 08:22 PM	#24
Bdh821 Major Drives: 08 Montego 135i, 06 330xi Join Date: Feb 2008 Location: MA Posts: 1,252 iTrader: (3)	This years is $523.75

02-20-2009, 10:37 AM	#26
lizak187 Lizak187 Drives: 2004 bmw 325ci/2008m3 coup Join Date: May 2008 Location: Boston Massachusetts Posts: 505 iTrader: (0)	i paid 680 from july 20th-dec31 for my ///M....the 2009 bill should be interesting i havent gotten it yet

02-20-2009, 10:41 AM	#27
mugennosora Master Wang Drives: AW 128i Premium,Sports package Join Date: Jan 2009 Location: Waltham Posts: 420 iTrader: (3)	lizak, I bet this year is around the same,

03-23-2009, 02:41 PM	#30
lizak187 Lizak187 Drives: 2004 bmw 325ci/2008m3 coup Join Date: May 2008 Location: Boston Massachusetts Posts: 505 iTrader: (0)	2009 bill for the m3 847$ ...

03-23-2009, 03:40 PM	#31
windmaker Lieutenant Drives: 128 Jet Black Join Date: Sep 2008 Location: Nashua, NH Posts: 489 iTrader: (0)	I just got mine last week. Its $505

04-17-2009, 03:33 PM	#34
BimmerLearner My car is less than a week old and on its 3rd tank Drives: Tiag 135 Vert Join Date: Jan 2009 Location: NE Posts: 362 iTrader: (0)	Mine was 500 and something; bmw billed me - funny, my wifes ford lease never passed it on.

03-20-2013, 07:51 AM	#35
bluecat Second Lieutenant Drives: 135i Join Date: Oct 2007 Location: MA Posts: 274 iTrader: (1)	bumping this thread since I just got my 2013 excise bill. Somehow they've valued my my 2008 135i at $3500, so my excise is only like 87 dollars. Just wondering if I've lucked out, or they just have no idea how to value our cars.