If you didn’t already know, the following states apply a “Personal Property Tax” on all leased vehicles:

Arkansas, Connecticut, Kentucky, Massachusetts, Missouri, North Carolina, Rhode Island, Texas (haha I always found it funny how when you flip the A and the E in Texas, you get Taxes, LOL), Virginia, West Virginia and Orleans Parish (Louisiana).

Another state that have crummy tax laws is Illinois. I hear they make you pay taxes on the ENTIRE value of the car, not just the depreciation. Talk about unfair.

I always found it hard to find a comprehensive list of states that show how they tax leases. I think it would be a great idea to perhaps start a list. Feel free to chime in with how your states taxes you for your lease.

I know in California, we get taxed for only the depreciation+financing part of our payment on a monthly basis.

Anyone else?