Question: Why hasn't my own legislative district Senator, or either of its representatives, sent out a similar newsletter explanation to their constituents?
Answer: Their big government, big spending, make the citizens more dependent on government funded projects, ideology won't allow them to divulge the truth behind this completely illegal "rip-off" of the tax payers & commuters within their district, because doing so would totally undermine their agenda!
Car tabs too high? Here's why
Last
year voters in the Puget Sound Regional Transit Authority (aka. Sound
Transit) approved a 25-year $54 billion transit package to expand light
rail, commuter rail and bus rapid transit throughout King, Pierce and
Snohomish counties.
While the package passed overall, 56 percent of Pierce County voters soundly rejected the plan with many citing significant tax increases and that many of the projects go to Seattle and King County.
Now
the cost of the measure is starting to hit home with more people --
even those who originally supported the pan -- as the new bills for
yearly car tabs began going out in March.
As
has been well covered in the media, many people have been taken aback
by the steep price increase in the motor vehicle excise tax. Under ST3
the "MVET" rate increased by 0.8 to 1.1 percent per $10,000 of car
value. That means $110 for every $10,000 of assessed car value.
Since
the cost is tied to the value of a vehicle, many have been upset to
learn that Sound Transit uses an outdated method of calculating car
values much higher than their actual worth.
Anyone
who has purchased a new or used car knows the instant depreciation as
soon as it is driven off the lot and that cars are often purchased for a
price not equal to the list price.
Sound
Transit's method was based on a decades-old formula previously used by
the state that has since been done away with. The plan bases car value
off of the manufacturer's suggested retail price and then a reduced
percentage each year as it ages. However, that reduction does not
reflect the real-world value charging at 100% the first year, 95% the
second, 89% the 3rd year and so on. In 2005, the state changed to a
model that steps down from 100% to 81% the second year, 67% the third
year and so on -- a much more realistic look at car depreciation.
Voters
have made themselves heard on this issue in the Legislature and both
the Senate and House reviewed bipartisan options to address the concerns
of drivers who feel misled by their own regional transit authority.
This includes a proposal to assess car values based on widely accepted
methods like the Kelley Blue Book.
Sound
Transit responded that changing to a different valuation method could
lead to a loss of $6 billion in revenues to build projects. However,
from the perspective of voters that means Sound Transit is collecting $6
billion more money than taxpayers feel they should.
We'll continue working on this issue as more people will continue getting new car tab bills during the rest of the year.
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