- Joined
- Sep 21, 2017
- Messages
- 629
So normally i'd be petrified to receive a letter from the Ohio Dept of Taxation, but this one has me laughing at the absurdity of it:
"As required by law, the Ohio Dept of Taxation is conducting a review of motor vehicle title transfers..As part of this review you are required to provide us with information to verify the purchase price."
It goes on to give me the opportunity to provide the completed questionnaire, or remit $5988.39 in back taxes (more than I paid for the 1974 bronco in the first place).
Anyone care to guess their determined purchase price? I'll give a hint that my state tax rate is 7%.
"Based on the difference between the average selling price of $89,658.33 and the amount reported on the title:
Wow, ClassicFordBroncos must've really driven up the average price of an EB this year in Ohio.
For kicks, I'm going to call in tomorrow and try to gain some insight into how they came to this calculation. And to think it was pulling teeth to get Grundy to insure my EB for $10k just a few mos ago. I knew EB prices were on the rise, but this is great!
"As required by law, the Ohio Dept of Taxation is conducting a review of motor vehicle title transfers..As part of this review you are required to provide us with information to verify the purchase price."
It goes on to give me the opportunity to provide the completed questionnaire, or remit $5988.39 in back taxes (more than I paid for the 1974 bronco in the first place).
Anyone care to guess their determined purchase price? I'll give a hint that my state tax rate is 7%.
"Based on the difference between the average selling price of $89,658.33 and the amount reported on the title:
Wow, ClassicFordBroncos must've really driven up the average price of an EB this year in Ohio.
For kicks, I'm going to call in tomorrow and try to gain some insight into how they came to this calculation. And to think it was pulling teeth to get Grundy to insure my EB for $10k just a few mos ago. I knew EB prices were on the rise, but this is great!
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