This may be a stupid question, but when you decide that you no longer want your car registered for the road, i.e It is going to become a trailer queen. Do I simply remove the insurance and cancel the regristration. Do you continue to property taxes on the car? I am trying to figure out how much I could save by taking it off the street... Thanks!

 

why dont you contact your local DMV and ask?

 

yeah, what he said

I wondered the same thing and called the DMV, but it might vary from state to state. I just cancelled my insurance, and didn't renew the license tags. Since you still own the vehicle, it's still property you own though, so if you have property tax, that's still probably going to be an issue. I don't think it matters that it is a race car.

 

Yes, it is a state by state thing so it depends on where you live.

In KY, if you have a car titled in your name then you must pay the taxes regardless of being registered for use or not. If you skip one year on that car so their records show it to be delinquent, they will not let you pay the new registration on any other cars you own until you catch up the back bill on the first car. I was given a Corvair for a racecar that had been off the road for 18 years and they wanted to charge me 18 years of back taxes just to get a new title for it. I have run into that repeatedly even if I sold a car outside KY (thus the VIN never shows up under someone else's name in KY), the next year they will hit me up for taxes on it again unless I can prove that I don't own it. Of course then I can't renew my current cars until it is all settled. What a hassle.

Good luck in your state, KY whacks you pretty hard on annual car property taxes and renewals but requires no taxes, titles or even license plates on trailers (go figure).