Question for any Colorado residents.
We are looking to move to Colorado Springs in the next year and I'm trying to figure out the tax on a motor home. I think I have this right after checking El Paso County Tax Assessors website...OUCH! But maybe I'm missing something, hopefully (but I doubt it).
So it looks like the formula for taxes is:
MSRP x .85 x the year the vehicle is in use.
Vehicle Age Tax
1st Year of Service Taxable Value x .021
2nd Year of Service Taxable Value x .015
3rd Year of Service Taxable Value x .012
4th Year of Service Taxable Value x .009
5th - 9th Yr of Service Taxable Value x .0045
10th Year of Service Minimum of $3/Year
So a 2015 MH with MSRP (who in the heck pays MSRP?? I think I only paid about 65-68% of MSRP) of 200,000K looks like this:
200,000 x .85 * .15 (second year of service) = 3,000!
Any of you Colorado residents confirm this?
Also how do they determine MSRP? I just looked through all my documents and can find nothing on the MSRP only the sales price.