Jayco RV Owners Forum
 


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 05-18-2020, 08:50 PM   #1
Junior Member
 
Join Date: May 2019
Location: Vanceburg
Posts: 19
Depreciation of Fifth Wheels

My husband and I live in Ky. and we have a 2019 Jayco Fifth Wheel and, as we all know, they all depreciate when we drive them off the lot. We need to know if anyone has any figures on the depreciation of campers yearly with
I.R.S. or otherwise that we can use to get our assessment lowered. We paid over $500 last year to put tags on and, right now, it's $450 this year. In Ky., we have to pay taxes yearly, when we get our tags. Not all States have to do that. #TaglessInKy
__________________

Deblew1 is offline   Reply With Quote
Old 05-18-2020, 09:04 PM   #2
Site Team
 
JFlightRisk's Avatar
 
Join Date: Apr 2012
Location: Newark
Posts: 5,414
I'm not really sure if there's an actual depreciation table for RVs. Perhaps your tax consultant/financial planner has something for that. An online guide for values is the NADA.

https://www.nadaguides.com/RVs

You can fill in the info for the year, make, model, and equipment/options on it, and get an idea of it's value. Keep in mind, it's only a guide, and pricing can vary for dealer and private sellers in your area. I hope this helps.
__________________

__________________
2012 Jay Flight 19RD
2016 Ford F150 XLT 2X4 SC 3.5L Eco Max Tow
2010 Tundra TRD DBL Cab (Traded)
1 Spoiled Dog
JFlightRisk is offline   Reply With Quote
Old 05-19-2020, 07:56 AM   #3
Junior Member
 
Join Date: May 2019
Location: Vanceburg
Posts: 19
Thank you. I’ll check it out
Deblew1 is offline   Reply With Quote
Old 05-19-2020, 10:18 AM   #4
Senior Member
 
Join Date: Jul 2016
Location: castle rock
Posts: 128
I have no idea on what Kentucky bases their values on but here in Colorado the ownership tax that we have to pay yearly is based on a percentage of MSRP (cant remember but it is along the lines of 75 or 80% of MSRP not what you paid for it) and then the tax rate is applied to that value (starts out at 2% then graduates down as the years go by).
This is in addition to the original sales tax which is based on what you paid for it (for us that is 7.9%), and then you have the other licensing fees also paid yearly for your tags. I know the first renewal was over 900.00 including the annual owners tax and other license fees. Now it is down around 500.00 a year. and am expecting 400ish this year. By year 10 (age of vehicle) your ownership tax bottoms out, it is still there but is as low as it will ever get. If we were to sell the trailer the new owner would still pay sales tax but the ownership tax would not start out again at 2% as it is based on the age of the trailer/vehicle.
barryg is offline   Reply With Quote
Old 05-21-2020, 03:56 AM   #5
Junior Member
 
Join Date: May 2019
Location: Vanceburg
Posts: 19
Thx for the info. I guess some States are just Blessed with paying taxes every year. In Ohio, you pay them once and that’s it. If Ohio can do it, you would think the remaining States could do the same
Deblew1 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Featured Campgrounds

Reviews provided by

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Jayco, Inc. or any of its affiliates. This is an independent, unofficial site.


All times are GMT -6. The time now is 09:39 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Copyright 2002-2016 Social Knowledge, LLC All Rights Reserved.
×