Nice New England cruise yesterday

[Subfixer]

Got together with some of the folks from the "other" forum's NE section yesterday. I had the only C2 and other than one C4, the rest were C5's. Some nice machinery there. I was surprised that I was able to keep up with them as I have 2 less gears and much skinnier tires.

Pics are here:
http://forums.corvetteforum.com/sho...749&forum_id=40
and here:
http://forums.corvetteforum.com/sho...738&forum_id=40
and here:
http://forums.corvetteforum.com/sho...742&forum_id=40
and here:
http://forums.corvetteforum.com/sho...750&forum_id=40
and here:
http://forums.corvetteforum.com/sho...766&forum_id=40

 

[BarryK]

Paul
great pics and it looks like everyone had a great time.
Good pic of you and Theresa around the table too

 

[JL66REDCPE]

Paul - I was reading the thread in the NE events section of the forum you reference. I was wondering if that was your car especially since the group was from Conn.

 

[ctjackster]

Paul - I was reading the thread in the NE events section of the forum you reference. I was wondering if that was your car especially since the group was from Conn.

thinkin the "SUBFIXER" license plate might give it away, although I admit that the fact that it is a NY tag might be confusing if you knew Paul to be a CT guy, Paul explained that to me once, but the logic must not have "taken" with me . . .

 

[Subfixer]

Being active duty military, I'm still a NY resident. One of the perks is that I don't pay property taxes on the car and the initial sales tax was waived also.

Once I retire up here in CT, my residency will change, I'll get CT tags, and I gotta pay all the $%&##*&$$#$ taxes.

 

[Remo]

Paul,

Thanks for the great pics. It looked like the weather cooporated for you guys. Rained like the devil up here in northern Mass. Lots of flooding and washed out roads. Won't be long before we have to put them away.

Thanks again,
Remo:cool

 

[ctjackster]

Being active duty military, I'm still a NY resident. One of the perks is that I don't pay property taxes on the car and the initial sales tax was waived also.

Once I retire up here in CT, my residency will change, I'll get CT tags, and I gotta pay all the $%&##*&$$#$ taxes.

CT residents have the overall highest tax burden in the US - fact (sales tax + real estate tax + pers. property tax + state income tax)

 

[JonM]

Paul and Jack...

You can get Antique plates here...then they can only tax you @ a 500.00 value.

http://www.corvetteactioncenter.com/forums/showthread.php?t=74775

 

[Subfixer]

Thanks for the tip. May just go that way. Too bad you can only get 5 characters. I liked the NY plates because I could get up to 8 characters. Just right for my handle. Guess I'll have to get creative.

 

[JohnZ]

CT residents have the overall highest tax burden in the US - fact (sales tax + real estate tax + pers. property tax + state income tax)

What's "personal property tax"? Seriously...

 

[JonM]

What's "personal property tax"? Seriously...

Any large idems such as your house, car, jewerly, boats, etc they can tax you every year by your town...its what keeps the town services alive.

 

[Subfixer]

What's "personal property tax"? Seriously...

As Jon said... everything expensive that they know you have can be taxed. It's normally a tax levied by the town you live in. They get the vehicle ownership info through DMV. When I retire and become just another citizen, I'll be taxed for 4 vehicles, a camper and my boat. It's a percentage of the current year's value of the item. For cars, they use KBB or Edmonds in my town. The real estate taxes are another story around here. We get "re-valued" almost every year.

 

[ctjackster]

Paul and Jack...

You can get Antique plates here...then they can only tax you @ a 500.00 value.

http://www.corvetteactioncenter.com/forums/showthread.php?t=74775

yes, registering your car in CT as an antique saves you $$ every year (since we get a "personal property tax" levied on each car we own here, with the mill rate varying by town, but if Antique registered, it's a flat $30 or something - I know because my 65 has antique tags on it for just this reason (were I to pay the tax on a $45k car, for instance, I'd be looking at $500 a year or so). Only downside for Paul is he'd lose the SUBFIXER tag because of limited space on those CT antique plates, although you can still get "vanity" tags - mine says "365 H"

 

[ctjackster]

Any large idems such as your house, car, jewerly, boats, etc they can tax you every year by your town...its what keeps the town services alive.

Actually, what keeps most of my town services alive is the REAL PROPERTY tax I pay (the personal property tax pales in comparison), although I guess I cannot complain because it (the real property tax rate) runs about half of what my friends over the line in NY pay. :L

Still, when you own 3-4 relatively new cars and motorcycles it kinda adds up every July when you get hit with a tax based on the current book value of each vehicle - we're talking a cumultive total into the thous . .

And they don't hit my boat, we must have had some boat lobbyists get us some relief on that. They do hit motorcycles, cars, etc. and if you don't attend to it perfectly and on time, they (your town) alerts the DMV and it really screws up registration of the vehicle, you then have to get a note from the town releasing the hold, ask me how I know . . . ..

 

[JohnZ]

No "personal property tax" in Michigan - we have a state sales tax (6%) and state income tax (4.5%, with a deduction of up to $75K of retirement income from a qualified plan ), and real estate tax (which is generally around 30-35 mills, levied against the state equalized value of your home, which is 50% of its market value). Real estate tax increases are capped at the cost of living (our Headlee amendment), but that cap disappears for the next guy that buys your house - he pays based on a valuation of 50% of what he paid for the house, not what your assessed valuation was prior to sale. This avoids having older folks who live in their house all their life being taxed out of their home just because its value keeps appreciating.

 

[ctjackster]

CT used to be a no-state-income-tax state, so we had instead a very high sales tax and all manner of other taxes (by the way I also pay an "occupational" tax of $450 per year, in addition to my state income tax - call that an "attorney tax"); the deal then was that they would take that high sales tax rate down when we started paying state income tax, which they did (from 7.5% to 5%, but now that state sales tax has crept back up to 6%) and they never eliminated all of the other taxes we CT residents get hit with. As for Real and Personal property taxes, we are taxed against an assessment based on 70% of FMV of the item or parcel, and each town assesses the property within it. And sets their own mill rates. (Norwalk and Westport, adjoining towns, tax their residents differently for the exact same car, for example, based on a different mill rate)

As for "being #1" here's a nice little chart on overall state tax impact on residents of big cities, impact ranges from a high of 17.7% (for the hapless residents of Bridgeport, CT) to 3.9% (for the lucky residents of Cheyenne, WY), that's a huge spread:

http://money.cnn.com/pf/features/lists/taxesbycity2005/

 

[JonM]

Another law that was passed recently,

According to Connecticut State Law, Title 14 Sec. 14-20 the owner of an antique, rare, or special interest vehicle may be authorized to display the "original" issued license plate that corresponds with the year of manufacture of said vehicle.

In order to qualify for the display of the Year of Manufacture (YOM) plate, registrants must have the original plate or plates in their possession with the plates corresponding to the year of manufacture of the vehicle on which they are to be used.

In order to be given authorization for the display of the YOM plate, the following criteria must be met:​

• The vehicle must be currently registered with the Early American (Antique) plates.​
• An Application to Display Year of Original Manufacture Marker Plates (form B-320) must be completed. Applications can be obtained at any DMV full-service office or by contacting the DMV Phone Center.
  - There are no fees associated with the Application to Display Year of Original Manufacture plates.​
• Applications to Display Year of Original Manufacture plates must be brought to a DMV full-service office for approval.​

Once the application has been approved and the license plates are being displayed, the following guidelines must be met:​

• Registration of the Early American (Antique) plates must be maintained.​
• Early American plates must be kept in the vehicle while the YOM plates are being displayed.​
• The Early American plate registration document and the Application to Display Year of Original Manufacture Plates (form B-320) must be carried in the vehicle at all times.​

 

[ctjackster]

JonM, have you pursued this yet? As with all things CT, what is the fee? [I would be shocked if there was no added fee, so un-CT!]

 

[JonM]

JonM, have you pursued this yet? As with all things CT, what is the fee? [I would be shocked if there was no added fee, so un-CT!]

No I haven't. One...I don't have a set of the old white Numbers on blue plates...But I may look on E Bay. What it says in the statement above...

- There are no fees associated with the Application to Display Year of Original Manufacture plates.

But that has to be a slip up, and most likely be changed when someone looks at it and it dawns on them that they missed an opportunity to bilk us again.

 

[stepinwolf]

CT residents have the overall highest tax burden in the US - fact (sales tax + real estate tax + pers. property tax + state income tax)

Stepinwolf