In Minnesota you pay 1.25% of the msrp price.
It goes down 10% of the msrp every year for 10 years.
So if you buy brand new, a year later you would pay 90% of the msrp. Year two would be 80% of msrp and so on.
So if you bought a brand new car for $50,000, 1.25% of that is $625.
The...