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elsanet
New Member

Is personal property tax the same as car registration fee?

Can I claim my personal property tax fee that I paid for my leased car?
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2 Replies
Hal_Al
Level 15

Is personal property tax the same as car registration fee?

Simple answer: No.

In some states (see link below) the car registration fee includes a personal property (or vehicle valuation) tax . Only that portion  of the registration fee is deductible.  Even then, it is only deductible as an itemized deduction.  That is, you get no deduction if you use the standard deduction. In addition it is subject to the $10K state and local tax (SALT) deduction limit.  You can claim the deduction on leased cars, as well as ones you own. 

 

 

https://www.fool.com/investing/general/2015/05/29/the-states-with-the-lowest-car-tax.aspx

jtax
Level 10

Is personal property tax the same as car registration fee?

@Hal_Al is right, but just to be sure you understand, I'll add that the only deductible property taxes are taxes based on the value of the property. ("ad valorem" taxes). Registration fees are not based on the current value of the car. They are fixed for every vehicle within a certain class of vehicles. So registration fees are not deductible from for personal vehicles. (Business vehicles are a different matter.)

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