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STORY #1 — Car Tax Elevator - Going Up
A reader alerted us this week that if you have not yet gotten your personal property tax bill (car tax) from the city, you soon will — and it will be notably higher than last year unless you bought a newer model of drive a jalopy.
The city receives roughly $16.7 million per year from the state to provide for car tax relief originally established by the state in 1998 (which is a whole other topic for another day). During and after the pandemic, car values rose as the demand for used cars skyrocketed and higher tax bills followed accordingly. City Council first approved the Mayor’s “step-stair” approach to tax relief in 2022 — a policy in which owners pick up a bigger share of the tax over the course of a few years. Last year, the tax relief rate was 36.6% in the city.
In the city, you pay $3,70 tax per $100 assessed value. Under the relief program, a car val…
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