I Won a $45,000 Car in a Raffle and Now Owe $14,000 in Taxes. ‘Does This Sound Right?’

Here's what you need to know about taxes and assessing fair market values.

# I Won a $45,000 Car in a Raffle and Now Owe $14,000 in Taxes. ‘Does This Sound Right?’ Here's what you need to know about taxes and assessing fair market values. **Read the full article:** [Money.com](https://money.com/do-you-pay-taxes-on-raffle-prizes/?xid=moneyrss) *This article was originally published by Money.com. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*