While there is technically no personal property tax on motor vehicles, residents must pay an annual vehicle license fee that is based on the vehicle's value.Ĭalifornia tax on gasoline averages over $0.62 per gallon, which is the highest in the U.S. Motor vehicle sales are taxable at state and local levels. Generally, three transfers are allowed per person. If the new home's market value is greater than the old home's market value, the difference is added to the tax value. (Note: Other criteria may need to be met to qualify.)īase Year Value Transfer: California residents age 55 or older can transfer their home's "tax value" to a new home in the state.
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