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  #1  
Old 09-12-2021, 10:23 PM
seagull seagull is offline
 
Join Date: Dec 2019
Location: San Bernardino
Posts: 391
Default Questioning the TAX man

I received my annual airplane property tax bill valuing my -12 at $8000 over what I purchased it for 1 Ĺ years ago and 250 hours later. I have the option to contest the valuation but have been told I would possibly need an appraisal for it to have any teeth. Apparently most counties use VREF but the -12 does not show on there. Add to the confusion the S-LSA is worth significantly more than the E-LSA, hard to know if the tax man knows the difference.

Has anyone had this experience, hired an appraiser, or any other thoughts?
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  #2  
Old 09-13-2021, 12:09 AM
BobTurner BobTurner is online now
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 7,710
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This is always hard - fighting the tax man. Up here in Alameda county, the assessed value is supposed to be as of last Jan 1, with the tax bill due in august. In the spring, they send out a questionaire, for updates. Failure to return it invokes an immediate increase (I forget the percentage) in the assessed value. Does your county have similar rules? Did you forget the questionaire? Unlike property tax on houses the tax on airplanes is based on market value, and that has apparently increased a lot. Still, most assessors are human, and it doesnít hurt to give them a call. No, they probably donít have a clue about different models. Ask them.
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  #3  
Old 09-13-2021, 05:08 AM
sailvi767 sailvi767 is offline
 
Join Date: Sep 2010
Location: Charlotte NC
Posts: 1,344
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Given the state of the used aircraft market the last two years the increase is probably on the low side. I think I would just accept it. Hard to know however without the actual number they valued it at.
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  #4  
Old 09-13-2021, 05:56 AM
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grubbat grubbat is offline
 
Join Date: May 2012
Location: Ga
Posts: 707
Default Tax Collector

Having been on both sides of this issue over the years, it can be quite frustrating due to the inconsistency of the tax process. Variations between states and within states, between counties and within counties. In Georgia, some counties really rely on the tax income and thus uses valuation techniques that get the max tax while others counties treat them with less rigor. When I was sharing these thoughts with a friend of mine who is still in govt, he jokingly sent me this clip and, he got a good laugh. Me not much so.
https://m.youtube.com/watch?v=dJD0lB4zRes
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  #5  
Old 09-13-2021, 11:03 AM
RFSchaller RFSchaller is offline
 
Join Date: Oct 2010
Location: Phoenix, AZ
Posts: 3,125
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Fortunately, in AZ they get you once when you buy it for sales tax, but itís only $25/year after that.
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  #6  
Old 09-13-2021, 01:36 PM
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MacCool MacCool is offline
 
Join Date: Aug 2020
Location: central Minnesota
Posts: 669
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Quote:
Originally Posted by RFSchaller View Post
Fortunately, in AZ they get you once when you buy it for sales tax, but itís only $25/year after that.
Unlikely as it is that Minnesota would miss a taxation opportunity, there is no personal property tax on airplanes. Just an annual registration fee of $100 for any airplane whose value is less than $500,000.
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  #7  
Old 09-13-2021, 02:15 PM
tom_AZ tom_AZ is offline
 
Join Date: Aug 2017
Location: Tucson, AZ
Posts: 39
Default AZ Tax

Quote:
Originally Posted by RFSchaller View Post
Fortunately, in AZ they get you once when you buy it for sales tax, but itís only $25/year after that.
Even more fortunately in AZ, if you buy a flying aircraft from a private party (don't recall the exact definition, but it's something to the effect that they aren't regularly engaged in the sale of aircraft), there is no sales tax due either. You'll probably get an invoice from the state, but you just submit an affidavit that you purchased is from a private party, and the state releases you from the invoice.
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  #8  
Old 09-13-2021, 02:49 PM
charger81 charger81 is offline
 
Join Date: Nov 2008
Location: Texas
Posts: 254
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Casual sales between individuals are the exception and not subject to use tax. Items purchased for use in Arizona from people who make isolated or occasional sales, and who are not engaged in the business of selling tangible personal property at retail, are not subject to use tax.

https://azdor.gov/individual-income-...to%20use%20tax.
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  #9  
Old 09-13-2021, 02:58 PM
seagull seagull is offline
 
Join Date: Dec 2019
Location: San Bernardino
Posts: 391
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You guys are twisting the knife😂, I live in California, we have a very thirsty government.
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  #10  
Old 09-14-2021, 07:51 AM
tom_AZ tom_AZ is offline
 
Join Date: Aug 2017
Location: Tucson, AZ
Posts: 39
Default Taxman

Quote:
Originally Posted by seagull View Post
You guys are twisting the knife😂, I live in California, we have a very thirsty government.
1) Understand your pain. We lived in CT for a few years--nice place in many ways, but at tax time...ouch.

2) There's a fix for that.
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