Jump to content
CaddyInfo Cadillac Forum

When Property taxes include Cars, the Increase in the Used Car Market can mean Taxes


Recommended Posts

Fredericksburg resident Lou Silvey was surprised when she opened her personal property tax bill last week. For the first time she can remember, the value of her vehicle--a 2004 Cadillac SRX, a sport utility vehicle--increased over last year.

Her tax bill went up nearly 55 percent.

Some Virginia residents, especially SUV owners, find themselves in the unusual position of owning a vehicle that appreciated in value. The situation is rooted in the economic climate of two years ago.

High gas prices and the recession lowered the national demand for vehicles in 2008, causing a precipitous drop in car values. SUVs were particularly hard-hit.

Read More: http://fredericksburg.com/News/FLS/2010/052010/05182010/547657

Car tax is going up on SUVs

Personal property tax increases catch some local residents by surprise

Bruce

2016 Cadillac ATS-V gray/black

Follow me on: Twitter Instagram Youtube

Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...