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Old 02-10-2022, 08:40 AM   #48
Ksyrup
This guy has posted so much, his fingers are about to fall off.
 
Join Date: Nov 2000
Location: In Absentia
Here's a side issue related to the current car market...

I don't know how many states have an annual property tax on vehicles, but we do in Kentucky. And given the soaring valuations for used cars, our legislature is attempting to limit the spike in this year's tax. I believe they simply use KBB value, so some vehicle values have increased by as much as 40% and nearly everyone is getting "sticker shock" when they get their annual registration renewal notices.

Kentucky's law would change the way the valuation works and cap your tax bill at what you paid in 2021. It would also provide reimbursement for anyone who has already paid the tax in 2022.

Mine's not due until August so I haven't seen what our is under the current law, but hopefully by then it will be changed.
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