In Minnesota, there's a tax based on the vehicle's sales price/value which depreciates for ten years until you hit the base rate of $35 + a few assorted other fees, which makes my annual TR3 sticker cost $41.25.
Historic or YOM plates cost a one-time fee of $100 and no renewal fees but, like in most other places, come with driving restrictions. Like Randall, I'd rather pay the (what I feel is plenty low enough) annual fee to drive it whenever I feel like it -- and not worry that the State Patrol, seeing me daily on my normal route to/from work, will decide I'm worth pulling over.
We start high for new vehicles -- my 2010 Transit Connect (originally a ca. $20,000 car) just cost me $249.75 to register -- but we have a LOT of pot holes to fix, salt to spread, and other general wear-and-tear on the roads that warm weather states don't have.