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re: Need advice: Gifting a car registered in Texas to my grandson in Louisiana
Posted on 9/21/16 at 11:40 pm to HubbaBubba
Posted on 9/21/16 at 11:40 pm to HubbaBubba
I remember the good old days in Texas when you could tell them you gifted or bought the vechile for little or nothing but that has been changed from what I've been told. Pretty sure both Texas and LA now access the value of the vechile vs what you paid but I could be wrong. I remember being shocked when I moved to LA 5 years ago and had to pay around $4k for both my vechiles after I had paid $850 to $750 per year when I lived in Charlotte. The amount of BS taxes I have paid on my vechiles is mind boggling.
This post was edited on 9/21/16 at 11:44 pm
1
Posted on 9/22/16 at 12:58 am to Rize
In LA if the car is old enough, and I don't remember how many years are required they will assess based on the price you give them. I bought a 15 year old vehicle one year ago and they just taxed what we put on the bill of sale which was a fraction of the actual value.
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