Just a vent. Titled,tagged the new Merhow yesterday. Found out I had to have separate ins. on the trailer because it was over 10K on the title. Really not that bad my ins. guy quoted me $61 / 6 mos.Said I could register it lower but if I crossed a scale could be fined if over 10K. Sigh. You know I really try, I don't want to not pay the state because I like good roads and if everybody registered in Maine they'd just up our taxes ( again). But after I cut them a check for almost 2K ( 5% sales tax in MD.). it really becomes trying. The deck is stacking up against my remaining here. If it were not for the fact that we bought our place before real estate went nuts we'd be gone. Then again since it has more than doubled in value and both of us have skills marketable anywhere, theres this nice piece of land with direct rail trail access in WV we could pay cash for and.....you know how this goes.Rich
Posted 2007-08-17 8:01 PM (#66019 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Member
Posts: 5
Location: Tennessee
Okay, I just bought a Merhow today and thought that we'd be exempt from sales tax because we bought out of state and we're military. Come to find out TN has something like 9.5% sales tax! Just went ahead and financed it, good thing we found out before we went to get the tags. Considering a move? Why not try TN. We have super cheap land and homes compared to up north, usually mild weather and tons of trail riding places like Big South Fork, Land Between the Lakes and Willow Creek to name a few.
Posted 2007-08-17 8:19 PM (#66020 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Expert
Posts: 2614
And,do you have personal property taxes as well? If you are like my state,you continue to pay taxes on it long after both the new AND the trailer itself has worn out.Paying taxes on old junk,that's what some people are still doing,myself included,such as an old Delta stock trailer,had to "assess" it on my personal property.Bunch of bull,I reckon.
Posted 2007-08-17 8:49 PM (#66024 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Expert
Posts: 3853 Location: Vermont
Separate insurance on an expensive trailer can be an issue of your insurance company...USAA requires it...and it doesn't matter what state you are in...
Posted 2007-08-18 7:48 AM (#66041 - in reply to #66019) Subject: RE: @$#??&*Maryland!
Regular
Posts: 79
Originally written by 3Mares on 2007-08-17 8:01 PM
Okay, I just bought a Merhow today and thought that we'd be exempt from sales tax because we bought out of state and we're military.
Are there any states left that allow tax exemption on horse trailers for any reason other than if you have a PUCO number?
I know in Ohio that when we sell a trailer the ONLY two ways that we do not charge tax. First being if you have a PUCO number (my understanding is that only comes from trucking companies). Second, if you are an out of state buyer we don't charge tax... but you have to pay it in your home state when you get back.
No agricultural exemptions, no military exemptions, no nothing. Is it this way in all states or just Ohio?
Posted 2007-08-18 5:41 PM (#66061 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Elite Veteran
Posts: 736 Location: Western WA
Oregon doesn't have sales tax but they have income tax. Washington doesn't have income tax but has an almost 9% sales tax. That hurt when I bought both my truck and trailer used in Oregon and then had to pay use tax (the equivalent of sales tax for used goods) on both to license them in Washington.
Posted 2007-08-18 9:50 PM (#66079 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Extreme Veteran
Posts: 500 Location: West TN
To my knowledge, a stock trailer in TN should be tax exempt. All you do is say that it is for farm use. Technically, having horses should be considered farm. We did not pay taxes on any of our trailers, including our LQ trailer.
Posted 2007-08-18 10:46 PM (#66084 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Expert
Posts: 3853 Location: Vermont
Originally written by Rich M. on 2007-08-17 6:50 PM
Just a vent. Titled,tagged the new Merhow yesterday. Found out I had to have separate ins. on the trailer because it was over 10K on the title. Really not that bad my ins. guy quoted me $61 / 6 mos.Said I could register it lower but if I crossed a scale could be fined if over 10K. Sigh. You know I really try, I don't want to not pay the state because I like good roads and if everybody registered in Maine they'd just up our taxes ( again). But after I cut them a check for almost 2K ( 5% sales tax in MD.). it really becomes trying. The deck is stacking up against my remaining here. If it were not for the fact that we bought our place before real estate went nuts we'd be gone. Then again since it has more than doubled in value and both of us have skills marketable anywhere, theres this nice piece of land with direct rail trail access in WV we could pay cash for and.....you know how this goes.Rich
Well Rich, if you were to move this trailer to Maine, you'd be dealing with Use Tax...
How does an individual report use tax?
For purchases of single items that cost $5,000 or less, individuals have 2 options to report use tax:
A. You may choose to report any use tax due on your 1040 ME, Maine personal income tax return, at the end of the tax year. There is a line on the 1040 ME form on which you can list the use tax due. If you choose this method of reporting and you do not know the exact amount of your taxable purchases you have the option of using a calculated formula that is outlined in the 1040 ME instructional booklet. This formula may only be used for purchases of individual items costing less than $1,000.
B. The second option is to file an Individual Use Tax return directly with Maine Revenue Services by the 15th of the month following the month of your purchase.
For purchases of single items that cost more than $5,000, individuals are required by law to file an Individual Use Tax return directly with Maine Revenue Services by the 15th of the month following the month of your purchase.
Posted 2007-08-19 8:40 AM (#66097 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Elite Veteran
Posts: 824 Location: Kansas
In Kansas, you can pay it at point of purchase or pay it when you tag it, but you're going to pay it one way or the other. The tag gets kind of iffy-you don't necessarily have to tag farm vehicles but it's pretty hard to get them to believe a horse trailer is a farm vehicle.
Posted 2007-08-19 10:37 AM (#66103 - in reply to #66019) Subject: RE: @$#??&*Maryland!
Regular
Posts: 57
Originally written by 3Mares on 2007-08-17 8:01 PM
Okay, I just bought a Merhow today and thought that we'd be exempt from sales tax because we bought out of state and we're military. Come to find out TN has something like 9.5% sales tax! Just went ahead and financed it, good thing we found out before we went to get the tags. Considering a move? Why not try TN. We have super cheap land and homes compared to up north, usually mild weather and tons of trail riding places like Big South Fork, Land Between the Lakes and Willow Creek to name a few.
Tennessee does not charge sales tax on horse trailers. I think you have to sign a piece of paper that says you are using it for livestock, but you do not have to pay sales tax.
Posted 2007-08-19 1:17 PM (#66111 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Expert
Posts: 1723 Location: michigan
When I bought my trailer 4 years ago, it was from out of state. The invoice listed the starting price ,then the discounts. I had to pay state tax on the ORGINAL price not the actual sales price...I paid sale tax on 20K but I paid only 17k...I argued that I shouldn't have to pay the additon sales tax but ,of course, the state wants it money.
Posted 2007-08-19 2:08 PM (#66115 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Expert
Posts: 2614
In Arkansas you pay tax on the difference if you sell one/trade one and the purchase price of the new one.Anything $1999 or less,no tax.
But personal property taxes are assessed that you pay every year on the thing,new or a piece of junk!
And everybody knows everybody where I'm from,so,it's kind of hard to pass off a horse trailer as a farm trailer here.Especially if you've bought several horse trailers in the past before and didn't try it then.
You'll get taxes out the wazoo here,it seems like.
Posted 2007-08-20 8:24 AM (#66142 - in reply to #66020) Subject: RE: @$#??&*Maryland!
Regular
Posts: 88 Location: Youngstown, OH
And,do you have personal property taxes as well? If you are like my state,you continue to pay taxes on it long after both the new AND the trailer itself has worn out.Paying taxes on old junk,that's what some people are still doing,myself included,such as an old Delta stock trailer,had to "assess" it on my personal property.Bunch of bull,I reckon.
I lived in VA for four years and had to pay that beautiful thing called "personal property tax" - what a bunch of BS. Moved to OH and no more PPT!
Posted 2007-08-20 8:27 AM (#66144 - in reply to #66041) Subject: RE: @$#??&*Maryland!
Regular
Posts: 88 Location: Youngstown, OH
From what I understand the state of OH now wants you to collect OH tax on out of state sales and have the consumer apply for the tax refund themselves. Really hurts those of us that are here close to the PA line because we do a lot of business with folks from PA. It seems as though OH wants to collect their tax regardless of where someone lives.
Posted 2007-08-20 4:09 PM (#66165 - in reply to #66010) Subject: RE: @$#??&*Maryland!
Regular
Posts: 85
I live in Illinois and just bought a new trailer in Mo. Did not have to pay tax until I went to get the title/registration, old plates from my old sold tailer transferred. Then I had to pay IL tax based on the sale price of the new trailer, registration fee, license fee. Somewhere they screwed up because I should have been able to transfer my old plate to the new trailer and yet I wound up getting a new plate. Moral to the story, don't send the husband!
@$#??&*Maryland!
