Truck / trailer questions

DustyRusty

Well-known member

Equipment
2020 BX23S, BX2822 Snowblower, Curtis Deluxe Cab,
Nov 8, 2015
6,237
4,815
113
North East CT
Connecticut has a great way of picking your pocket when you register a vehicle. Since I did a plate transfer last week when I sold a car and put a different car on the road, the total registration fee is uncertain. When you transfer plates, they cancel they cancel the old registration and give you a credit for what is remaining on the registration fee only. You have to pay all the other fees again. On top of what the state gets for registrations, the local town where you live charges a town tax which is your town's mill rate times the value of the vehicle as established by the state. The state used the NADA dealer's price guide.

Registration Fee...................................... $38.92 (for 3 years)
Greenhouse Gas Reduction Fee........ $7.50
Administration Fee................................. $10.00
Clean Air Act Fee...................................... $15.00
Passport to Parks Fee............................. $15.00 ($5.00 per year, for every vehicle you have registered)( This minimal fee allows residents with Connecticut plates on their vehicles to park for free at all state parks and beaches, while also funding public programs)
Vehicle Transfer Fee................................ $21.00
Total................................................................$107.42
 

js312

Member

Equipment
BX1880, LA344S, 48" MMM
Jan 28, 2024
45
31
18
New England
On top of what the state gets for registrations, the local town where you live charges a town tax which is your town's mill rate times the value of the vehicle as established by the state. The state used the NADA dealer's price guide.
MA does that. The value they use is typically way under book value, though - particularly after the first couple years.

They take MSRP and depreciate it by a set percentage. Year 2 is 60%, 3 is 40, then 25, then 10.

So, after 5 years you could have a vehicle that was originally 75k but in the state's eyes it's worth $7500 for tax purposes forever. The tax is $25 per $1000.

MA gets a bad reputation for taxes, but when you look at the whole picture every neighboring state is worse except for New Hampshire.