PettyWitch t1_iuiaeyq wrote on October 31, 2022 at 3:23 PM

Reply to comment by Stop_Already in What is the justification for taxing horses? by [deleted]

Actually so the pony thing isn't a luxury tax it's a personal property tax. And all of us individuals in CT are supposed to be paying taxes on all of our personal property, from couches to computers, assessed at 70% of market value. So I hope you're paying your taxes.

Stop_Already t1_iuiamtm wrote on October 31, 2022 at 3:25 PM

You keep replying to me, like I’m the tax collector.

I’m not.

Russian_Rocket23 t1_iuif5y5 wrote on October 31, 2022 at 3:55 PM

I don't think you are understanding the personal property tax code correctly.

PettyWitch t1_iuigac8 wrote on October 31, 2022 at 4:03 PM

What am I missing? Check out the Personal Property section here.

maybe_little_pinch t1_iuintgl wrote on October 31, 2022 at 4:53 PM

You are missing that it is about business related items. You aren't getting taxed for your couch. But if you have a farm stand on your property and you sell vegetables, you should be paying tax on that. It says "business related" and then a list of items. You are reading that sentence wrong.

If you own luxury items like a horse, snowmobile, ATV, etc. those are also taxed.

If your ponies were used as work animals they would be exempt. The fact that you occasionally use them as work animals does not count. It would like me trying to write off my truck as a work vehicle because I occasionally haul stuff.

PettyWitch t1_iuio4zg wrote on October 31, 2022 at 4:55 PM

Ah you’re right I think. But then why are things like expensive jewelry or plasma TVs not taxed yearly as luxury personal property?

maybe_little_pinch t1_iujb2fa wrote on October 31, 2022 at 7:27 PM

I think because snowmobiles and horses are considered assets. They are part of your net worth.