Understanding Car Taxes

There are many states that have car taxes and there are many states that do not. The states that do not tax you on your car will make it up some other way. In South Carolina, we have to pay car taxes annually in order to get a sticker to put on the license plate that makes it legal to drive.The tax bill is broken down to try and show you where your money goes. Some of the agencies that he goes to are: the school, the county you live in, different agencies that the county you live in has, and a few basic fees. Some of the different agencies include your local law enforcement, the fire service operation, library operations, solid waste, counting notes and bonds, fire service bonds, library bonds, and your local zoo, if you have one. There is also a county registration fee as well as a department of motor vehicles registration fee.The older your car is, the cheaper the taxes will be. People that drive new cars in South Carolina can pay as much as five and six hundred dollars. People with older cars usually pay as little as $50-$75. The average in South Carolina is around $150 that most people pay.There is also another way most people don’t know about that can save you money on your taxes. Almost everyone with an older car is eligible to receive a high mileage discount. If you paid car taxes in your state, you will want to check and see if you are eligible to receive a high mileage discount. You can receive this discount, no matter what the year car you own. Different states have different amounts of mileage that they will consider giving you a discount for. Most states it is more than 125,000 miles. Some states it can be as much as 175,000 miles. Make sure you get all the discounts that you are eligible for, no matter what taxes you are paying. Do not overlook the discounts as they can save you a lot of money.

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