What is the blue book value of a 1995 honda civic?
I know in Ontario you pay taxes on the book value. It doesn’t matter how much you paid for the car. If the book says you pay this much taxes then you must pay this much unless you can prove(by appraisal) that the true value of the car is actually lower than of the book’s. the book sets values of a car by the year and mileage. If you think you paid well under the book value, it’s a good idea to have the car appraised for its true value. If the appraised value is less than the book’s value then it’s better for you, pay less tax. If you know someone who do the appraisal you can ask him/her to write down the price of your car as low as possible. You know, BRIBERY WORKS! I did it before. Or you can find out about the value of your car by purchasing a Used Vehicle Information Package($12) from your local Licensing Office, St. John. The package contains all the informations you need to know about the car’s history, previous owner(s), accident, lien, and value.
