Wonderful.Now, if you can only remember where you put the bayonet, your approach will be even more effective.
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| Tax Battle http://forums.ctzcc.com/viewtopic.php?f=10&t=10111 |
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| Author: | alllan71 [ Fri Dec 31, 2021 3:36 pm ] |
| Post subject: | Tax Battle |
Zeasons Greetings to all! Is anyone familiar w/ the tax law which caps a vehicle's value at $500 if it is 25+ years old? I have been enjoying this little $saver for a number of years now w/ the annual tax being around $15. Just received notice that the Town of Griswold has seen fit to 're-evaluate' lil red's worth @20,020! w/ an accompanying bill of $579.38! What the heck?! As I gather my shovels , rakes and various other implements of destruction for the march on town hall, does anyone have any thoughts on this? Bueller? Z on! Al |
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| Author: | Frank T [ Fri Dec 31, 2021 7:06 pm ] |
| Post subject: | Re: Tax Battle |
If your car has antique plates, the $500 cap is automatically applied. If you have Pssaenger plates you often have to prove your ride is old enough to apply for the deduction. https://ride-ct.com/classic-vehicle-ass ... xceed-500/ I seem to recall a previous conversation about the "total loss" issue (in an accident or fire) limiting you to claim $500 too, but the details of that have become foggy over the years. I also seem to recall reading an article that the governor was rescinding that tax break in order to generate more revenue for "his" state. But let's face it; Li'l Red is worth a whole lot more on today's market than $20k. Frank |
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| Author: | alllan71 [ Sun Jan 02, 2022 1:07 pm ] |
| Post subject: | Re: Tax Battle |
Frank I've had antique plates for a number of years w/ no problems. Now, where the heck did I put that flamethrower? Al |
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| Author: | johnnyZ [ Sun Jan 02, 2022 6:16 pm ] |
| Post subject: | Re: Tax Battle |
I felt your pain Al! Back on July 5, 2016 I posted a similar topic in the forum. I never got the antique plates because back then they were labeled "Early American" so I decided to go for the "vanity" plate instead. For years, I was paying less than $20/year property tax. Then in 2016 I got hit by with a property tax bill of about $400. After questioning my town tax assessor, I was told to get proof from a certified mechanic that my car was in fact a classic antique car that is over 20 years old. I got a photo and letter from a mechanic friend which I presented to my town's tax assessor's office and the tax was finally reduced back down to around $14. Here is a link explaining the CT Tax Assessment for Antique Cars (2011) which I believe is still in effect. Note the $500 max evaluation for our cars and you do not need antique plates. https://www.cga.ct.gov/2011/rpt/2011-R-0410.htm |
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| Author: | alllan71 [ Thu Jan 06, 2022 1:13 pm ] |
| Post subject: | Re: Tax Battle |
Got it straightened w/ only a phone call to the Town Hall! (And I found my flamethrower!) Z on! Al |
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| Author: | Frank T [ Thu Jan 06, 2022 2:35 pm ] | ||
| Post subject: | Re: Tax Battle | ||
| Wonderful. Now, if you can only remember where you put the bayonet, your approach will be even more effective.
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