It varies but many state and local governments collect personal property taxes on based on the vehicle’s value. What’s notable is US property taxes are generally regressive. 3.6% for the bottom 20% down to 0.7% for the top 1%.
https://en.wikipedia.org/wiki/Property_tax_in_the_United_Sta...
It varies but many state and local governments collect personal property taxes on based on the vehicle’s value. What’s notable is US property taxes are generally regressive. 3.6% for the bottom 20% down to 0.7% for the top 1%.
https://en.wikipedia.org/wiki/Property_tax_in_the_United_Sta...