WV Bills to Lower Personal Property Tax Assessments on Antique Motor Vehicles - Ford Mustang Forums : Corral.net Mustang Forum
 
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post #1 of 20 Old 01-18-2011, 04:58 PM Thread Starter
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WV Bills to Lower Personal Property Tax Assessments on Antique Motor Vehicles

http://www.semasan.com/main/main.aspx?id=62847

Identical bills (H.B. 2407/2449) in the West Virginia Legislature to provide owners of antique motor vehicles with a fair and equitable personal property tax assessment have been introduced and referred to the House Roads and Transportation Committee. The bills seek to address recent unfair valuation practices which have negatively impacted many West Virginia hobbyists.

We Urge You to Contact Members of the House Roads and Transportation Committee (List Attached) Immediately To Request Their Support for H.B. 2407/H.B. 2449

West Virginia law defines an "Antique motor vehicle" to mean any motor vehicle which is more than twenty-five years old and is owned solely as a collector's item.

H.B. 2407 and H.B. 2449 provide that for the purposes of the property tax, the assessed value of an antique vehicle cannot exceed $200.

DON’T DELAY! Please contact members of the West Virginia House Roads and Transportation Committee immediately to request their support of H.B. 2407 and H.B. 2449.

Please e-mail a copy of your letter to Steve McDonald at [email protected]. Thank you for your assistance.


West Virginia House Roads and Transportation Committee

Delegate Dale Martin – Chair
Phone: 304/340-3134
Email: [email protected]

Delegate Margaret Anne Staggers - Vice-Chair
Phone: 304/340-3197
Email: [email protected]

Delegate Daryl Cowles - Minority Chair
Phone: 304/340-3177
Email: [email protected]

Delegate Allen Evans - Minority Vice-Chair
Phone: 304/340-3399
Email: [email protected]

Delegate Larry W. Barker
Phone: 304/340-3149
Email: [email protected]

Delegate Brent Boggs
Phone: 304/340-3220
Email: [email protected]

Delegate Greg Butcher
Phone: 304/340-3113
Email: [email protected]

Delegate Thomas Campbell
Phone: 304/340-3280
Email: [email protected]

Delegate Gerald L. Crosier
Phone: 304/340-3188
Email: [email protected]

Delegate Joe Elington
Phone: 304/340-3172
Email: [email protected]

Delegate Marty Gearheart
Phone: 304/340-3179
Email: [email protected]

Delegate Daniel J. Hall
Phone: 304/340-3119
Email: [email protected]

Delegate Gary Howell
Phone: 304/340-3191
Email: [email protected]

Delegate K. Steven Kominar
Phone: 304/340-3186
Email: [email protected]

Delegate Harold Michael
Phone: 304/340-3340
Email: [email protected]

Delegate Eric Nelson
Phone: 304/340-3181
Email: [email protected]

Delegate Amanda Pasdon
Phone: 304/340-3153
Email: [email protected]

Delegate Brian Savilla
Phone: 304/340-3141
Email: [email protected]

Delegate Doug Skaff
Phone: 304/340-3362
Email: [email protected]

Delegate Margaret Donaldson Smith
Phone: 304/340-3123
Email: [email protected]

Delegate Rick Snuffer
Phone: 304/340-3183
Email: [email protected]

Delegate Dale Stephens
Phone: 304/340-3395
Email: [email protected]

Delegate Josh Stowers
Phone: 304/340-3384
Email: [email protected]

Delegate David Walker
Phone: 304/340-3135
Email: [email protected]

Delegate Danny Wells
Phone: 304/340-3287
Email: [email protected]


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post #2 of 20 Old 02-18-2011, 12:07 AM
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wonder how they will make up the lost revenue? fuel tax?

post #3 of 20 Old 02-22-2011, 02:32 PM Thread Starter
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HB2449 is moving forward!



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post #4 of 20 Old 02-23-2011, 01:39 PM
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There's a property tax on cars?

1992 GT Vert: 306, AFR165, E303, Vortech V2 SQ, SCT, Performer Intake, MM CC plates, MM R&T/Bilsteins, FRPP FCA & UCA, MM LCA, FMS d/s, 3:73's, MM XL SFC, STB & 4-pt brace, 03 Cobra deep dish

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post #5 of 20 Old 02-23-2011, 02:24 PM Thread Starter
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Yes, there most certainly is.

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post #6 of 20 Old 03-02-2011, 12:12 AM
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Quote:
Originally Posted by SEMA Action Network View Post
West Virginia law defines an "Antique motor vehicle" to mean any motor vehicle which is more than twenty-five years old and is owned solely as a collector's item.

H.B. 2407 and H.B. 2449 provide that for the purposes of the property tax, the assessed value of an antique vehicle cannot exceed $200.
So this is another bill that subsidizes drivers of a certain class of vehicles at the cost of other tax payers in the state?
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post #7 of 20 Old 03-02-2011, 09:21 AM Thread Starter
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No. What it does is create a peak of what hobbyists can be assessed for their collector vehicle. Standards were used prior to the introduction of this legislation that were unfairly fleecing them.

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post #8 of 20 Old 03-02-2011, 09:43 PM
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No. What it does is create a peak of what hobbyists can be assessed for their collector vehicle. Standards were used prior to the introduction of this legislation that were unfairly fleecing them.
How so?

Do you care to post the existing standards with which existing tax rates are set so we can have an informed discussion?
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post #9 of 20 Old 03-03-2011, 12:08 AM
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So this is another bill that subsidizes drivers of a certain class of vehicles at the cost of other tax payers in the state?
x2

so antiques and collectibles go up in value as time increases, yet the tax assessment on those rising values goes down? hardly fair. the higher the value, the higher the tax should be.
post #10 of 20 Old 03-03-2011, 01:04 AM
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Garage
worth more, costs more


Hi, I'm Brad. That name was taken though.

I'm an insomniac who enjoys drinking, hunting, cars & trucks and long walks on the beach... to the bar.
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post #11 of 20 Old 03-03-2011, 12:30 PM Thread Starter
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Would you be saying that if you had a collector vehicle?

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post #12 of 20 Old 03-03-2011, 12:41 PM
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I say that for a lot of things I buy knowing there's a tax on. So yup.

You see I'm not a liberal who thinks I'm special and should get a break or be entitled to something..

same thing wiht property taxes, you know if you buy a more expensive house your taxes will be higher. So do you buy a dump or do you suck it up and pay higher taxes for something you like?

Hi, I'm Brad. That name was taken though.

I'm an insomniac who enjoys drinking, hunting, cars & trucks and long walks on the beach... to the bar.
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post #13 of 20 Old 03-03-2011, 12:52 PM
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Would you be saying that if you had a collector vehicle?

absolutely. and i am the proud owner of a 69 chevelle that can be considered a collectible.
post #14 of 20 Old 03-03-2011, 01:55 PM Thread Starter
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The issue is they tax accessments were not being done in a fair, subjective, standard.

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post #15 of 20 Old 03-03-2011, 04:13 PM
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fair? it is not fair antiques are capped at a $200 value.
post #16 of 20 Old 03-03-2011, 04:42 PM Thread Starter
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When they're outrageously over estimated, its not fair.

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post #17 of 20 Old 03-03-2011, 06:06 PM
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When they're outrageously over estimated, its not fair.
Are you ever going to post the state law as it currently stands so we can have an informed discussion on the issue?

As of now, we only have your word that they're currently being over-estimated.
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post #18 of 20 Old 03-03-2011, 06:34 PM
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When they're outrageously under-estimated, its not fair.
fixt 4 u
post #19 of 20 Old 03-03-2011, 11:21 PM
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judging from waht i see on barrett jackson i'd say greatly under estimated.

Hi, I'm Brad. That name was taken though.

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post #20 of 20 Old 03-03-2011, 11:50 PM
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Are you ever going to post the state law as it currently stands so we can have an informed discussion on the issue?

As of now, we only have your word that they're currently being over-estimated.
After doing a bit of research, it seems like the current law is actually pretty fair.

"All property in the state is valued using the three generally accepted approaches to value, those being cost, income and market, when applicable. For vehicles in the state, the lowest book value from NADA is recognized as market value for property tax purposes."

Frequently Asked Questions

The lowest book value from NADA on older cars is going to be pretty low. Why do cars in certain categories need a fixed exemption from the standards everyone else must follow?
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