Florida registration question
Thread Starter
Instructor
Joined: Aug 2005
Posts: 176
Likes: 6
From: Merritt Island Florida
Florida registration question
Does anyone have any idea on what the guidelines that Florida uses in putting a tax on vehicles on initial registration? I have heard that they randomly select and if it is too low they will ask for sale price verification. I was thinking that a 2000 model was worth about $12000 which would be $720 at 6%.
Last edited by 00 NBFRC; Aug 2, 2005 at 02:54 AM.
Race Director
Joined: Jan 2000
Posts: 10,061
Likes: 266
From: Slower than a speeding bullet................ Fort Lauderdale, FL
Get a bill of sale for the vehicle and bring it with you. If the price seems too low to them, they get out the NADA Price Guide for reference. I've never had a problem with them. As DMV's go, they're pretty good.
Race Director
Joined: Oct 2001
Posts: 19,653
Likes: 428
From: Melbourne Florida
Cruise-In IV Veteran
Yes, they will audit you...when I bought my vette I got it at a great price (needed work)....a month after I registered it I got a "love note" from the state revenue department...it said they thought the car was worth more and wanted to charge me the difference plus penalties and interest totalling about $1400.00 more..yikes...
I had to send a notarized affadavit explaining the purchase price AND so did the seller...real pita...it went away but chasing down the seller and getting him to do his part was no fun...
p.s. the state did not care about my bill of sale...
I had to send a notarized affadavit explaining the purchase price AND so did the seller...real pita...it went away but chasing down the seller and getting him to do his part was no fun...
p.s. the state did not care about my bill of sale...
