Real-Pierre-Delecto2 t1_j20nlpt wrote
Reply to comment by FyuckerFjord in Vehicle Inspection for VT Newcomer by Footie57
Had this happen to my wife. She bought a new car in NH while she lived there some ten years later we come to VT and they wanted thousands in taxes as she bought it new that's the value they used. Well we found a loophole she just sold it to me for nothing and I paid no tax as family transfers are exempt. There is a form for it as well.
FyuckerFjord t1_j20nxya wrote
Nice! Wish I'd have known this a few days ago lol
Real-Pierre-Delecto2 t1_j20oc1m wrote
Ugh sorry it was actually the lady at the DMV who told me about it go figure. But at least in the future it's something to consider especially if you give a car to your kid or whatever. Immediate family and that includes parents as well. Edit there is also a form you can still use to get some of it back if you can prove you paid tax in another state. That didn't work for us as NH has no tax but of course to make up for it a new car reg is insanely expensive for the first few years. They get ya anyway they can. Bloodsucking bastards really.
FyuckerFjord t1_j20t351 wrote
Yeah, the $900 was based on what was left of the 6% in tax that VT charges - essentially it's after they subtracted what I paid in NC. But that was based on my current estimated value, not new price or even my end of lease buyout price. Strange.
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