Hi
I've been thinking of maybe buying a small utility trailer, like a 4x8 flat bed. I was just wondering about how much money I should expect to pay in taxes each year for it.

 

What's its value?

 

It looks like these cost around $1,500.

 

Do you know your mill rate in the town you live in?

Usually towns assess at 70% or so they claim. If your mill rate is 40.00, you will pay about $42.00 for the first year.

$1500.00 x 70% = $1050.00
$1050.00 x .04 = $42.00

If your mill rate is 35..

$1500.00 x 70% = $1050.00
$1050.00 x .035 = $36.75

Depreciation will be calculated as time goes on, and that initial $1500.00 amount will go down each year. As long as your mill rate doesn't go up, you will pay less year after year.