Need Help With Sales Tax - Page 2 - Ford Mustang Forum
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post #16 of 18 (permalink) Old 11-21-2012 Thread Starter
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Quote:
Originally Posted by GTStang90 View Post
I have to agree with the others here. Take your paperwork to the DMV and get it sorted. That will work better. In the meantime enjoy your ride
Actually did go to the DMV and explained my situation to them. Their reply was, "You're going to have to call them (Treasury). We don't deal with anything like this. NEXT PLEASE!"
So after waiting 20 minutes in line to find out I've wasted my time, I went home and called the Treasury. Long story short, NJ doesn't know the value of any car bought so they always assume book value price (she told me so many people try to fraudulently scam out on taxes by reporting lower values so they are cracking down). And told me just to send my documents showing the tax paid, and the list value of the car...sign the back stating all information is true, and everything should be fine. So all this worrying for nothing


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Quote:
Originally Posted by Brianwu View Post
Actually did go to the DMV and explained my situation to them. Their reply was, "You're going to have to call them (Treasury). We don't deal with anything like this. NEXT PLEASE!"
So after waiting 20 minutes in line to find out I've wasted my time, I went home and called the Treasury. Long story short, NJ doesn't know the value of any car bought so they always assume book value price (she told me so many people try to fraudulently scam out on taxes by reporting lower values so they are cracking down). And told me just to send my documents showing the tax paid, and the list value of the car...sign the back stating all information is true, and everything should be fine. So all this worrying for nothing
What a PITA...........


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Remember, you are most likely not paying a "Sales Tax", but a "Sales and Use Tax".

Your state wants the money for the use of the item. For example, I live in PA and DE has no sales tax. If I go to DE and buy a TV, PA says I should pay the use tax on that TV to them. Realistically noone pays this especially if you pay cash for the TV, but by law you are supposed to file it.

It just so happens that in your case, it is a recorded transaction that they can trace. Years ago people used to lie about the price of a used car to reduce the tax. Now they are using the book value to calculate the tax instead of the purchase price.

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