Notes on getting your A declared property tax exempt in NC

[d.]

As an NC resident, I have had my several Model A's licensed and registered for over 20 years...never been asked to verify mileage. $500 tax value.

[denis4x4]

TO NC residents: What kind of money are you saving with a property tax exemption on an A? Is it really worth it to scam the tax collector?

[alexiskai]

Originally Posted by denis4x4

TO NC residents: What kind of money are you saving with a property tax exemption on an A? Is it really worth it to scam the tax collector?

Can't speak for others, but for me, $90 per year per car. And it's not a scam, I do drive only occasionally or for events. One of them isn't even running at the moment.

[ronn]

really worth it to scam the tax collector?

with todays gasoline prices? Ill bite..................
__________________

[Tom A400]

Can not get anymore antique plates permanently? I have one Model A registered as Antique and one not. I was waiting until it expired in Feb. to switch it over.This saved me $400 on one car

[alexiskai]

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Originally Posted by Tom A400

Can not get anymore antique plates permanently? I have one Model A registered as Antique and one not. I was waiting until it expired in Feb. to switch it over. This saved me $400 on one car

Not permanently, just indefinitely – as in, DMV has no ETA on when new stock will arrive. Try in Feb; if they still are out of stock, file the AV-66 form under its current plate, and explain to your county tax office that the state is not issuing the antique plates at this time. Worked for me.

[d.]

no scam...you just show the clerk in the tax office that it is an antique car and the tax value gets listed as $500. just that simple. It took me all of 5 minutes to do this and I was out the door.

[Tom A400]

Thanks very much!

[alexiskai]

I'm updating this thread with new information. To get the North Carolina antique vehicle tax exemption each year, you have to re-file form AV-66 each year. Do this after you get the annual notification from the state that registration is due. You can file the form either before or after you pay the registration fees. If you file it before, the state will send you an updated bill; if you file it after, the state will send a refund for the overpayment.

As stated earlier, you have to file the form in-person at your county tax office. If you already have the antique vehicle license plate (not the YOM plate, the special antique tags from the state), then you only need to bring the AV-66 form with you, no other documentation.

Edit: I brought in the form yesterday along with my registration bill. They went in the back and did computer things and came back out and said I was all set. When I went online later that night to NC DMV's payment site, the amounts were updated. $52 for the year.

[MrBruce]

Alex
I've never had to file the form in person? I pay the registration fee online and get a letter that I have to sign and initial the five points and mileage. I drive my truck to often to put antique plates on it. My problem was they set the value and use the highest price in the blue book.

[alexiskai]

Originally Posted by MrBruce

Alex
I've never had to file the form in person? I pay the registration fee online and get a letter that I have to sign and initial the five points and mileage. I drive my truck to often to put antique plates on it. My problem was they set the value and use the highest price in the blue book.

This process is for a vehicle that isn't driven often, has the antique plates, and you want to have the value set to $500.

[MrBruce]

Alex
Our 31 S/W Town Sedan has Antique plates and is taxed at $500.00 for many years now and I've never had to file any paperwork in person for the Antique plates after the initial registration. I get the registration every year and pay it online and they send me the letter to sign. Maybe Charlotte does it different than smaller towns in NC?

[alexiskai]

Originally Posted by MrBruce

Alex
Our 31 S/W Town Sedan has Antique plates and is taxed at $500.00 for many years now and I've never had to file any paperwork in person for the Antique plates after the initial registration. I get the registration every year and pay it online and they send me the letter to sign. Maybe Charlotte does it different than smaller towns in NC?

I wonder if maybe you were grandfathered in from a prior system. When I got the registration notice for my coupe, the value had been reset to market value and I was told by the county tax office that I have to re-file the form each year.

[Smokedtires]

Maybe I won't get the odometer fixed. I think I drove "6 miles" since the previous year inspection.

[Synchro909]

You guys pay a tax on possessions you bought with money on which you have already paid tax? Wow.

[Gene F]

Originally Posted by Synchro909

You guys pay a tax on possessions you bought with money on which you have already paid tax? Wow.

In West Virginia they charge a tax every May 1st for cattle and horses. Horses are $12 each, and cattle are $8 each. Think about some little 10 year old girl with a horse.... Yeah lotta weird rules in USA some times. Ever read the threads on here about auto titles...LOL

[alexiskai]

Originally Posted by Synchro909

You guys pay a tax on possessions you bought with money on which you have already paid tax? Wow.

It's not fundamentally any different from annual vehicle registration fees, which they do have in Australia and which are also paid using taxable income.

[Bruce of MN]

Like the Beatles sang, "They'll tax the pennies on your eyes!"

[Banditorama]

Originally Posted by Synchro909

You guys pay a tax on possessions you bought with money on which you have already paid tax? Wow.

Every state shakes you down for tax money on the estimated value of your home, some states (including mine) goes even further and does vehicles too. If you stop paying your property tax eventually they'll evict you from your own home.

[Synchro909]

Originally Posted by Banditorama

Every state shakes you down for tax money on the estimated value of your home, some states (including mine) goes even further and does vehicles too. If you stop paying your property tax eventually they'll evict you from your own home.

I don't think there is a state in Australia that taxes the family home but any second property in the same state can and usually is taxed if it is over a modest value. No possessions are taxed AT ALL, ANYWHERE as far as I know. If the family home is sold in this state, so long as you have lived in it for at least 12 months, any capital gain is not taxed. Any capital gain on the sale of a second property is taxed.
If a home owner doesn't pay their local Government rates for (I think) 3 years, the house may be sold from under them, otherwise, a man's home is his castle. Council rates pay for local roads, rubbish collection, libraries etc.

It's not fundamentally any different from annual vehicle registration fees, which they do have in Australia and which are also paid using taxable income.

Alexistai, I don't see the similarity. Our registration fees have two components. The first pays for the construction and maintenance of major roads in the state, the second is a system of compulsory third party insurance. That covers ONLY medical bills for anybody injured on the road. It does NOT cover any property damage - that is for the car's owner to arrange. Any road user here is entirely covered for medical costs including rehabilitation in the case of a collision.
In short, our registration fees are the car owner buying the right to use the roads and to be insured for personal injury while doing so. A person could own a museum full of valuable cars and not be liable for a cent in tax.