Effective May 19th, 2009, California’s DMV registration will double. In my case, I will be paying upwards of almost $600 a year for my car. This will also affect new car registrations, meaning your lease inception fees will go up as well. This is onto top of the wonderful 1% sales tax hike the state has imposed, which will take effect April 1st, 2009. If you are a California and plan on leasing something, doing so before May 19th could save you a few hundred bucks up front. If you plan on buying, I would try to beat the April 1st deadline so you can avoid the tax increase.
Taxes
CA Folks! Our Sales Tax Goes Up 1% April 1st, 2009
Reminder! Back in Feb 20th, 2009, our “wonderful” Governor Arnold Schwarzenegger “temporarily” raised our sales tax by 1%. These tax hikes rarely go back down, some would probably argue that they never go back down. Which is probably true. In any case, your lease just got more expensive, so keep that in mind when you get into a lease. Since our taxes are paid on a monthly basis, changes like this will affect our payments. This means, my $418.88 payment is going up to about $423.07. Anyway, I don’t want to get overly political here, just keeping my fellow Californians informed. I know, it doesn’t make sense to raise taxes when unemployment is at 10%+ in our state, but hey, that’s how the ball rolls around these parts. Meh.
Arnie, you and your Sacto clowns blow! Dang, looks like I better make my big purchases this month…
From Sabrix.com
Governor Schwarzenegger signed the California budget package aimed at addressing the $42 billion deficit. A 1% sales and use tax increase is planned for April 1, 2009 to bring in new revenue.
Effective April 1st, the basic California statewide rate will be 8.25%. Many of California’s counties, cities, towns, and communities have special taxing jurisdictions referred to as districts. The district taxes are imposed in addition to the basic statewide rate.
Selected city sales and use tax rates effective April 1st:
* Anaheim 8.75%
* Berkeley 9.75%
* Los Angeles 9.25%
* Sacramento 8.25%
* San Francisco 9.50%