TheBigRServices
Well-Known Member
I bought a 1972 Ford bucket truck that is in bad shape with hopes of fixing it up and using it around the place. It is titled in Mississippi but the seller moved to Louisiana and never re-titled in Louisiana. I took paperwork to a local title place and they are telling me I have to pay taxes on both transfers which I guess I understand, but that I also have to pay taxes on the value of the truck, which they say is $22,000. This is absurdly different than the real value of the truck which I paid 500$ for. I am wondering if there is a way to pay taxes on an agreed or appraised value or something like that, instead of "the closest thing they can find in the NADA book".