What are taxes on personal property such as cars and boats?
Personal property tax is collected annually on cars, trucks, motorcycles, recreational vehicles, boats and airplanes. Personal cars and light trucks are assessed at 6.75 percent of market value. If you own a $30,000 car today, for example, based on an average millage rate, your annual property tax would be about $774.52. The registration fee for passenger cars is $24 every two years ($20 for residents age 65 or older; $22 for 64-year-olds) and can be paid when you pay your county property tax. Other personal property such as boats and RVs are assessed at 10.5 percent.
