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> If 2004 Honda Civics suddenly got really popular and I already owned one, I wouldn't suddenly be priced out.

In California, since the state has ad valorem taxation on vehicles (the vehicle license fee, which is 1.15% of the market value of the vehicle) which does not have prop. 13 style limits, you, in fact, could be priced out of your 2004 Honda Civic if the market price suddenly and radically increased.




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