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New Georgia Vehicle 'Title Tax' Takes Effect in March 2013
HB 386 replaces the annual ad valorem tax on newly purchased vehicles.
The so-called "birthday tax" that Georgia vehicle owners pay will end in March 2013 – for people who purchase a new vehicle. Vehicles purchased on or after March 1, 2013 and titled in this state will be exempt from sales and use tax and the annual ad valorem tax, according to the Georgia Department of Revenue. Instead, these vehicles will be subject to a new, one-time title ad valorem tax (House Bill 386) that is based on the value of the vehicle. The Fulton County Tax Commissioner's website explains what these major changes mean. The value of the vehicle is dependent upon the Georgia Department of Revenue motor vehicle valuation database, which calculates the average of the current wholesale and retail values of the motor vehicle. The …
Jo Taylor
9:47 am on Thursday, January 10, 2013
Not sure I think it is fair to pay on amount more than you actually paid. You might have paid less because the car wasn't in equal condition and it wasn't a deal it's what the person could afford.to pay. It would be like going to the store and buying something for 50% off and being charged taxes on full retail. It just doesn't happen. Sad part this will most affect the people that are already … more ›