Five years ago, my husband “gave” me a minivan for Christmas. Sure, it was fun to find the keys in my stocking and to put one of the children in the third row seat on the way to grandma’s, forcing him to stretch to touch his siblings. But it wasn’t all fun and games. On the way back from my in-laws’ house, I sheepishly asked: So, how much are the payments? Gulp. And then there is that pesky December registration renewal, which increases my already out-sized December expenditures and adds to my long year-end “to do” list. On top of that, my registration renewal wound up costing me an extra $8 last year. Read on to learn more about my total bill and how you can avoid the new late fee for registration renewals. Tag and Tax Together. North Carolina implemented a Tag and Tax Together system in 2013. Under this system, DMV mails to the registered owner of a vehicle a registration renewal notice two to three months before the vehicle’s registration expires. That renewal notice doubles as a property tax bill. Thus, to renew my vehicle this December, I must pay three amounts: A $41 registration fee; A $30 municipal vehicle tax; and The city and county property taxes assessed on my vehicle. My registration fee is higher than the $36 required by G.S. 20-87(5) for the registration of private passenger vehicles of not more than 15 passengers. That’s because I live in Wake County and am subject to [...]
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