NC has a yearly personal property tax on autos (in fact all personal property is theoretically taxable, although not really enforced except for cars and boats) based on their resale value. I think I paid in the neighborhood of $500 last year when my 370z was new. It will drop each year. I have a '92 Explorer sport that I paid $27 for this year.
It sucks but NC state income tax is pretty low, so they nickel and dime you to make up the difference. I agree that the tax should be based on emission quality instead of year and value, that's a great idea imo.
Last edited by billydsz; 07-13-2010 at 12:08 PM.
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