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jpaynter(at)cyberg8t.com Guest
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Posted: Tue Oct 09, 2007 6:40 pm Post subject: Property Tax Appeal |
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Listers:
I'm in the process of appealing the property tax valuation on my RV-9A.
I spent approximately 60k and it's being valued at 108k by San
Bernardino Co., CA. So I'm looking for 3 or 4 people who have sold or
bought an RV-9A who would be willing to share their hard data with me
such as name, phone#, selling price, etc. All information would be kept
confidential shared only with the County.
For comparison my RV is VFR, O-320, fixed pitch prop, Dynon, 1 radio,
handheld GPS, and Digitrak.
Please reply off list to: jpaynter(at)cyberg8t.com
Thanks in advance,
Jim Paynter
RV-9A, KCCB
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Bruce(at)glasair.org Guest
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Posted: Tue Oct 09, 2007 7:22 pm Post subject: Property Tax Appeal |
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I would think that the receipts of what you paid for your kit would do the
trick. The value is the sum of the cost. Unless the state of CA thinks they
can tax you on the value of your labor.
Bruce
www.Glasair.org
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Bruce(at)glasair.org Guest
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Posted: Tue Oct 09, 2007 7:42 pm Post subject: Property Tax Appeal |
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One other thing, if the state is trying to tax your labor, tell them that
because of product liability issues, you will never sell it but scrap it
instead. Therefore, it's resale value is zero and you owe nothing. It's been
done, witness airplanes being donated to museums, turned into windsocks, or
cut up into pieces. All to avoid product liability.
So, argue that because it's an experimental aircraft its value is zero.
Bruce
www.Glasair.org
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acepilot(at)bloomer.net Guest
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Posted: Tue Oct 09, 2007 7:55 pm Post subject: Property Tax Appeal |
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Now THAT one I can buy If you try this route, let me know how it
works out. I might be able to apply that theory to other items of
"homebuilt" property such as hotrods, etc. do not archive
Scott
http://corbenflyer.tripod.com/
Gotta Fly or Gonna Die
Building RV-4 (Super Slow Build Version)
Bruce Gray wrote:
[quote]
One other thing, if the state is trying to tax your labor, tell them that
because of product liability issues, you will never sell it but scrap it
instead. Therefore, it's resale value is zero and you owe nothing. It's been
done, witness airplanes being donated to museums, turned into windsocks, or
cut up into pieces. All to avoid product liability.
So, argue that because it's an experimental aircraft its value is zero.
Bruce
www.Glasair.org
--
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pitts_pilot(at)bellsouth. Guest
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Posted: Tue Oct 09, 2007 8:31 pm Post subject: Property Tax Appeal |
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This is the reason I'll register my RV-10 as anything but 'RV-10'.
Something like a 'VANS special' might work. The State tax guys look up
ads for airplanes to set value of like-registered planes. The other tax
item is to send your state whatever you want (but be somewhat
reasonable) BEFORE they send you a letter. Send them the tax just
before you register your plane since registration is what triggers the
tax letter.
Linn
do not archive
Quote: | >
> Listers:
> I'm in the process of appealing the property tax valuation on my
> RV-9A. I spent approximately 60k and it's being valued at 108k by
> San Bernardino Co., CA. So I'm looking for 3 or 4 people who have
> sold or bought an RV-9A who would be willing to share their hard data
> with me such as name, phone#, selling price, etc. All information
> would be kept confidential shared only with the County.
|
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Bruce(at)glasair.org Guest
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Posted: Tue Oct 09, 2007 9:20 pm Post subject: Property Tax Appeal |
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Yes, that's a good approach. I registered my Glasair III as a SH25. But
since then my state (Connecticut) has abolished the property tax on
airplanes and replaced it with a simple $100 annual registration fee, lucky
me!
Oh, and they just did away with the 6% sales tax on aircraft parts and
services.
Bruce
www.Glasair.org
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bo124rs(at)hotmail.com Guest
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Posted: Wed Oct 10, 2007 3:50 am Post subject: Property Tax Appeal |
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That's what I did. My airplane is a DO-7. Nothing for the tax people to compare.
Dana Overall
Richmond, KY i39
RV-7 slider, Imron black, "Black Magic"
O 360 A1A, C/S C2YK-1BF/F7666A4
http://rvflying.tripod.com/blackwing1.jpg
http://rvflying.tripod.com
do not archive
[quote] Date: Wed, 10 Oct 2007 00:31:45 -0400
From: pitts_pilot(at)bellsouth.net
To: rv-list(at)matronics.com
Subject: Re: Property Tax Appeal
--> RV-List message posted by: linn Walters <pitts_pilot(at)bellsouth.net>
This is the reason I'll register my RV-10 as anything but 'RV-10'.
Something like a 'VANS special' might work. The State tax guys look up
ads for airplanes to set value of like-registered planes. The other tax
item is to send your state whatever you want (but be somewhat
reasonable) BEFORE they send you a letter. Send them the tax just
before you register your plane since registration is what triggers the
tax letter.
Linn
do not archive
>>
>> Listers:
>> I'm in the process of appealing the property tax valuation on my
>> RV-9A. I spent approximately 60k and it's being valued at 108k by
>> San Bernardino Co., CA. So I'm looking for 3 or 4 people who have
>> sold or bought an RV-9A who would be willing to share their hard data
>> with me such as name, phone#, selling price, etc. All information
>> would be kept confidential shared only wit==================
Climb to the top of the charts! Play Star Shuffle: the word scramble challenge with star power. Play Now!
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rv7(at)b4.ca Guest
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Posted: Wed Oct 10, 2007 8:09 am Post subject: Property Tax Appeal |
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On 4:47 2007-10-10 Dana Overall <bo124rs(at)hotmail.com> wrote:
Quote: | That's what I did. My airplane is a DO-7. Nothing for the tax
people to compare.
Dana Overall
Richmond, KY i39
RV-7 slider, Imron black, "Black Magic"
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If you're calling it an RV-7 in your signature, posting many, many messages
with that same signature over the years to a public list, and discussing
all of the things you did on "your -7", it's pretty clear that the plane is
fundamentally an RV-7. If you're only calling it a DO-7 for the purposes
of tax evasion, i'd think the tax man would have a pretty easy time of
raking you over the coals for it.
I know the probability is vanishingly low, but occasionally Tax people do
check on these things... If they get it in their mind that you're trying to
evade taxes, they'll look everywhere to prove it.
-Rob
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bo124rs(at)hotmail.com Guest
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Posted: Wed Oct 10, 2007 10:00 am Post subject: Property Tax Appeal |
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Rob, you are taking this far off base. I simply registered my airplane as a DO-7. This enabled me to set the taxable value rather the property valuation office. Once they set the value, that's it unless you can prove otherwise, just like what the original poster is having to go through. At no time did I ever say anything about tax evasion I just didn't want to have to argue with them.
Dana Overall
Richmond, KY i39
RV-7 slider, Imron black, "Black Magic"
O 360 A1A, C/S C2YK-1BF/F7666A4
http://rvflying.tripod.com/blackwing1.jpg
http://rvflying.tripod.com
do not archive
Quote: | Date: Wed, 10 Oct 2007 09:29:41 -0700
From: rv7(at)b4.ca
Subject: RE: Property Tax Appeal
To: rv-list(at)matronics.com
--> RV-List message posted by: "Rob Prior" <rv7(at)b4.ca>
On 4:47 2007-10-10 Dana Overall <bo124rs(at)hotmail.com> wrote:
> That's what I did. My airplane is a DO-7. Nothing for the tax
> people to compare.
>
> Dana Overall
> Richmond, KY i39
> RV-7 slider, Imron black, "Black Magic"
If you're calling it an RV-7 in your signature, posting many, many messages
with that same signature over the years to a public list, and discussing
all of the things you did on "your -7", it's pretty clear that the plane is
fundamentally an RV-7. If you're only calling it a DO-7 for the purposes
of tax evasion, i'd think the tax man would have a pretty easy time of
raking you over the coals for it.
I know the probability is vanishingly low, but occasionally Tax people do
check on these things... If they get it in their mind that you're trying to
evade taxes, they'll look everywhere to prov===============
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jfogarty(at)tds.net Guest
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Posted: Wed Oct 10, 2007 12:14 pm Post subject: Property Tax Appeal |
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Dana, If the tax man Google's your name they will have all the information they need regarding your airplane. Sorry.
We should all be working on changing the tax laws on personal aircraft. In MN the rate is 6.5% on airplanes, and when I purchased the Cardinal that is the rate I paid on the purchase price. This is totally ridiculous to pay this much tax, but our State loves the money. Dana, your DO-7 looks great and I hope they never check!
Jim
[quote] ---
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n801bh(at)netzero.com Guest
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Posted: Wed Oct 10, 2007 1:15 pm Post subject: Property Tax Appeal |
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Heck, if the California tax man says it worth 105,000. 00 $$$$ Make him buy it for that amount. I bet they will change their tune REAL quick...
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