Tax Rebate for Cars with High Mileage

If you liTax Rebate for Cars with High Mileageve in a state that has a vehicle property tax, you may be able to get a tax rebate when you pay your car tax. No one likes paying taxes but tax rebates take some of the sting out of paying taxes. For example, I live in the state of South Carolina where we pay property taxes. Texas is another state that offers this kind of tax rebate. Over the years I’ve had cars that were as much as 10 years old that I got high mileage tax rebates that saved me a lot of money on property taxes. Rebates are going to vary from person to person based on the type of vehicle and how much mileage is reported. I got rebates of as much as $40 – $60 on cars that had between 100 thousand and 150 thousand miles on them.

Odometer Reading

The high mileage rebate is set up to deduct a certain prorated amount from the assessed tax based on the amount of mileage on a vehicle. So the older the vehicle and the higher the odometer reading, the more you save. If you have an older car that you don’t drive much you may not qualify for a tax rebate because of the low mileage on the vehicle.

Relocated May Qualify

If you’ve moved from a state that doesn’t have a property tax to a state that has a property tax you may also qualify for a high mileage rebate. If you’ve relocated to a state that has a property tax and registered a vehicle(s), you can qualify for the rebate after you receive a property tax notice for the vehicle.

Tax Assessors Office

To find out if you qualify for a high mileage tax rebate, when you go to pay your tax, get the odometer reading from your car and take it to your local tax assessors office. That office may require you to sign an admission that the mileage that you’re reporting is accurate. Then that office will determine if you qualify for a tax rebate based on the mileage you report. If you qualify, the Tax Assessors Office will calculate your tax rebate and deduct it from your assessed vehicle property tax.

SOUTH CAROLINA DEPARTMENT OF REVENUE HIGH MILEAGE CHART

How Much Can You Save?

As I wrote earlier, it’s possible to save $40 – $60 dollars or more, depending on the particular vehicle and it’s tax assessment. Of course, at some point you reach a point of diminishing returns because the tax on your vehicle is so low that you don’t get much of a rebate. But due to the fact that people are keeping their cars longer and putting more mileage on them, it’s possible to save some good money over the years. That’s especially true for families that have more than two or more cars in a home.

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