non-Audi content (U.S. taxation)

[Virtual Bob <h93young@creighton.edu>]

Could someone familiar with (roughly) how taxation works explain this to
me? My mom just received tax for my sister's '89 Camry. Now, the Nebraska
state is charging her with assessed value of $10,500 -- which is about
$6700 more than Kelley Blue Book is listing for that particular Camry. In
fact, that value is only $2000 less than what my mom paid for the car new
-- hmmm... $2000 depreciation over 10 years is damn exemplary!

Of course, the tax is calculated upon that assessed value. What are we
missing?

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