Matronics Email Lists Forum Index Matronics Email Lists
BBS Forum Interface to the Matronics Email Lists
 
 Get Email Distribution Too!Get Email Distribution Too!    FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

If anyone can help - Aircraft value

 
Post new topic   Reply to topic    Matronics Email Lists Forum Index -> RV10-List
View previous topic :: View next topic  
Author Message
AirMike



Joined: 27 Feb 2007
Posts: 505
Location: Nevada

PostPosted: Tue Aug 01, 2017 7:53 am    Post subject: If anyone can help - Aircraft value Reply with quote

I have a 8 year old RV10 (400hrs) set up for VFR with one Advanced Flight Systems early (3500) EFIS. I arrived home from OSH to find a tax bill valuing my plane at $180,000. I feel that the value is closer to $140K or $150K. Does anyone out there have info on REAL sale prices that I can present to the assessor to reflect the real value of my plane. (PS- I am insured for $150K)

- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List



IMG_0148.JPG
 Description:
 Filesize:  2.61 MB
 Viewed:  713 Time(s)

IMG_0148.JPG



_________________
See you OSH '18
Q/B - flying 8 yrs.
Back to top
View user's profile Send private message
jesse(at)saintaviation.co
Guest





PostPosted: Tue Aug 01, 2017 10:21 am    Post subject: If anyone can help - Aircraft value Reply with quote

Contact me off list and I should be able to help. I will need a lot more details, of course, but I should be able to provide an appraisal.

Jesse Saint
Saint Aviation, Inc.
352-427-0285
jesse(at)saintaviation.com

Sent from my iPad

Quote:
On Aug 1, 2017, at 10:53 AM, AirMike <Mikeabel(at)Pacbell.net> wrote:



I have a 8 year old RV10 (400hrs) set up for VFR with one Advanced Flight Systems early (3500) EFIS. I arrived home from OSH to find a tax bill valuing my plane at $180,000. I feel that the value is closer to $140K or $150K. Does anyone out there have info on REAL sale prices that I can present to the assessor to reflect the real value of my plane. (PS- I am insured for $150K)

--------
See you OSH '17
Q/B - flying 7 yrs.




Read this topic online here:

http://forums.matronics.com/viewtopic.php?p=471397#471397




Attachments:

http://forums.matronics.com//files/img_0148_992.jpg








- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List
Back to top
Kellym



Joined: 10 Jan 2006
Posts: 1464
Location: Sun Lakes AZ

PostPosted: Tue Aug 01, 2017 12:04 pm    Post subject: If anyone can help - Aircraft value Reply with quote

I would suggest contacting the EAA for assistance in arguments to use,
such as there are no two identical homebuilt aircraft, making it
impossible to have comparables. Sounds like someone took the current
quick build price, added new engine price and a typical modern avionics
price, plus a bunch for labor. I have an unpainted quick build, with
very full complement of IFR avionics, and I don't think I have much over
$150K in it. Depreciation on manufactured aircraft the first few years
is very steep. Compare the price of a 2005 Cirrus with a new one, for
example.

On 8/1/2017 11:17 AM, Jesse Saint wrote:
Quote:


Contact me off list and I should be able to help. I will need a lot more details, of course, but I should be able to provide an appraisal.

Jesse Saint
Saint Aviation, Inc.
352-427-0285
jesse(at)saintaviation.com

Sent from my iPad

> On Aug 1, 2017, at 10:53 AM, AirMike <Mikeabel(at)Pacbell.net> wrote:
>
>
>
> I have a 8 year old RV10 (400hrs) set up for VFR with one Advanced Flight Systems early (3500) EFIS. I arrived home from OSH to find a tax bill valuing my plane at $180,000. I feel that the value is closer to $140K or $150K. Does anyone out there have info on REAL sale prices that I can present to the assessor to reflect the real value of my plane. (PS- I am insured for $150K)
>
> --------
> See you OSH '17
> Q/B - flying 7 yrs.
>
>
> Read this topic online here:
>
> http://forums.matronics.com/viewtopic.php?p=471397#471397
>
>
> Attachments:
>
> http://forums.matronics.com//files/img_0148_992.jpg







- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

_________________
Kelly McMullen
A&P/IA, EAA Tech Counselor # 5286
KCHD
Back to top
View user's profile Send private message
lwalters2(at)bellsouth.ne
Guest





PostPosted: Tue Aug 01, 2017 2:02 pm    Post subject: If anyone can help - Aircraft value Reply with quote

I have advised other builders to be proactive in filing their sales tax
relating to the recent FAA registration of their 'flivver'. Not an RV-10
or Cessna 172 but 'flivver'.

In FL (where I live) the FL department of revenue gets new registration
information from the FAA. Then they check to see if you paid sales tax
related to the airplane (which you should retain a copy of) whether it's
a homebuilt or certified airplane. If they don't find payment of sales
tax, they open their recent copy of Trade-a-plane and look up the model
(RV-10) that is on the FAA registration and send a bill for the 'asking
price' it finds .... and I bet if there are two listings, they pick the
higher dollar one. They'll never find a 'flivver' in TAP. Then you get
the 'nastygram' requesting your payment of tax, interest, and penalties.

So, what's a person to do if you're not proactive? You can collect
copies bills of sale for the kit , engine, avionics and submit some % of
that total to your sales tax people with a check for your share of the
tax and that will usually be the end of it. You can usually under-pay
some but those guys aren't stupid and you may get a second letter
because you shaved too much off. If they can't find a value for the
'flivver' you registered then you'll have a lot of leeway ..... but you
might have to substantiate that value or get an appraisal from your A&P.

When I register my plane (hopefully next year) it'll have a nebulous
model such as 'LINN model X' or some sort, and I'll be proactive in
paying some sales tax. Also, remember that Van doesn't support your
bird being registered as an RV-(X) if you made some major mods.
Linn
On 8/1/2017 11:53 AM, AirMike wrote:
Quote:


I have a 8 year old RV10 (400hrs) set up for VFR with one Advanced Flight Systems early (3500) EFIS. I arrived home from OSH to find a tax bill valuing my plane at $180,000. I feel that the value is closer to $140K or $150K. Does anyone out there have info on REAL sale prices that I can present to the assessor to reflect the real value of my plane. (PS- I am insured for $150K)

--------
See you OSH '17
Q/B - flying 7 yrs.


Read this topic online here:

http://forums.matronics.com/viewtopic.php?p=471397#471397


Attachments:

http://forums.matronics.com//files/img_0148_992.jpg



- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List
Back to top
Bob Turner



Joined: 03 Jan 2009
Posts: 797
Location: Castro Valley, CA

PostPosted: Tue Aug 01, 2017 2:57 pm    Post subject: Re: If anyone can help - Aircraft value Reply with quote

I don't know about NV, but typical property taxes are around 1%, so ask yourself how much effort and pain you want to put in for $300 a year. You don't say what or if you paid last year - you certainly don't want to open up a can of worms.

- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

_________________
Bob Turner
RV-10 QB
Back to top
View user's profile Send private message Send e-mail
klangley1(at)mygrande.net
Guest





PostPosted: Wed Aug 02, 2017 1:26 pm    Post subject: If anyone can help - Aircraft value Reply with quote

Sorry Bob,
I realized I sent to you instead of Mike. I'll send to him.

Sent from my iPhone

Quote:
On Aug 1, 2017, at 5:57 PM, Bob Turner <bobturner(at)alum.rpi.edu> wrote:



I don't know about NV, but typical property taxes are around 1%, so ask yourself how much effort and pain you want to put in for $300 a year. You don't say what or if you paid last year - you certainly don't want to open up a can of worms.

--------
Bob Turner
RV-10 QB




Read this topic online here:

http://forums.matronics.com/viewtopic.php?p=471411#471411












- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List
Back to top
Bob Turner



Joined: 03 Jan 2009
Posts: 797
Location: Castro Valley, CA

PostPosted: Wed Aug 02, 2017 4:35 pm    Post subject: Re: If anyone can help - Aircraft value Reply with quote

That's okay. I thought you were him and sent you the reply I meant for him, if the email had been from him!

- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

_________________
Bob Turner
RV-10 QB
Back to top
View user's profile Send private message Send e-mail
AirMike



Joined: 27 Feb 2007
Posts: 505
Location: Nevada

PostPosted: Mon Aug 07, 2017 7:22 pm    Post subject: If anyone can help - Aircraft value Reply with quote

Meeting with the assessor tomorrow. Can anyone tell me what their tax assessment is? ??? (assessed valuation) plus a short summary of their equipment and interior/exterior.
120K
130K
160K

Any info would me helpful


- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

_________________
See you OSH '18
Q/B - flying 8 yrs.
Back to top
View user's profile Send private message
Bob Turner



Joined: 03 Jan 2009
Posts: 797
Location: Castro Valley, CA

PostPosted: Tue Aug 08, 2017 11:43 am    Post subject: Re: If anyone can help - Aircraft value Reply with quote

My -10:
A/W certificate in May 2011. All new (avionics, engine) at that time.
Current assessed value (CA) $155K. I think that's about right.
Exterior paint: do-it-yourself, quality is poor if you get within 20 feet
Interior: basic/bare, spray painted ceilings, no insulation, no window trim.
(These two items tend to drive used prices)
Avionics: Full IFR but last generation (e.g., GPS is 420W, not 650). GRT HX, HS; Dynon D6 backup; GArmin 420W, SL30; Trio Pro autopilot; Trig TT22 transponder; home made audio panel. Skyradar D2 for ADSB-in.


- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List

_________________
Bob Turner
RV-10 QB
Back to top
View user's profile Send private message Send e-mail
jdriggs49(at)MSN.COM
Guest





PostPosted: Tue Aug 08, 2017 4:26 pm    Post subject: If anyone can help - Aircraft value Reply with quote

Sounds about right. I had $150k on mine but should have had $180k because I greatly upgraded the radios. Insure it for what you have in it and then pray you never have to collect like I did.

Sent from my iPad

Quote:
On Aug 8, 2017, at 2:48 PM, Bob Turner <bobturner(at)alum.rpi.edu> wrote:



My -10:
A/W certificate in May 2011. All new (avionics, engine) at that time.
Current assessed value (CA) $155K. I think that's about right.
Exterior paint: do-it-yourself, quality is poor if you get within 20 feet
Interior: basic/bare, spray painted ceilings, no insulation, no window trim.
(These two items tend to drive used prices)
Avionics: Full IFR but last generation (e.g., GPS is 420W, not 650). GRT HX, HS; Dynon D6 backup; GArmin 420W, SL30; Trio Pro autopilot; Trig TT22 transponder; home made audio panel. Skyradar D2 for ADSB-in.

--------
Bob Turner
RV-10 QB




Read this topic online here:

http://forums.matronics.com/viewtopic.php?p=471630#471630











- The Matronics RV10-List Email Forum -
 

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV10-List
Back to top
Display posts from previous:   
Post new topic   Reply to topic    Matronics Email Lists Forum Index -> RV10-List All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum


Powered by phpBB © 2001, 2005 phpBB Group