The Georgia Department of Revenue determines the value of your vehicle every year based on current fair market and wholesale values. The tax must be paid at the time of sale by Georgia residents or within six months of establishing residency by those moving to Georgia. Check out our frequently asked questions or read the TAVT Informational Bulletin - Calculator Fair Market Value Discrepancy. A reduction is made for the trade-in when the sale was made by a dealer, but not when the sale was made by a private individual. § 48-5-442. The basis for ad valorem taxation is the fair market value of the property, which is established January 1 of each year. The tax is levied on the assessed value of the property which, by law, is established at 40% of the fair market value. Payment of ad valorem tax is a prerequisite to receiving a tag or renewal decal. Non-titled vehicles and trailers are exempt from TAVT – but are subject to annual ad valorem tax. The Ad Valorem calculator can also estimate the tax due if you transfer your vehicle to Georgia from another state. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. 48- If the vehicle is currently in the annual ad valorem tax system, the family member has the option of staying under annual ad valorem OR paying full one-time TAVT. Tax amounts vary according to the current fair market value of the vehicle and the tax district in which the owner resides. Initial cost: $80 plus applicable ad valorem tax. Facebook page for Georgia Department of Revenue, Twitter page for Georgia Department of Revenue, Title Ad Valorem Tax Estimator (calculator). Ad valorem tax receipts are distributed to the state, county, schools, and cities. Facebook page for Georgia Department of Revenue, Twitter page for Georgia Department of Revenue, Annual Ad Valorem Tax Estimator (Calculator), Form MV-16 Affidavit to Certify Immediate Family Relationship, vehicles inherited or purchased from an estate, Service Member Affidavit Form PT-472NS required, MV-30 Georgian’s Veteran Affidavit for Relief and Local TAVT fees, MV-PSFR-TAVT Public Safety First Responder State and Local Title Ad Valorem Tax Exemption Application, TAVT Informational Bulletin - Calculator Fair Market Value Discrepancy, Conducting Business on a Company's Behalf, TAVT – Applies to most vehicles purchased, Annual Ad Valorem Tax – Applies to most vehicles purchased prior to March 1, 2013 and non-titled vehicles. Ad valorem tax, more commonly known as property tax, is a large source of revenue for local governments in Georgia. A used motor vehicle is any motor vehicle, which has been the subject of a sale at retail to the general public. Some Military Veterans are exempt from TAVT (Form, Public Safety-First Responders – allowed a TAVT exemption on a maximum of $50,000 fair market value combined for all vehicles he or she registers during any three-year period, Applies to law enforcement officer, fireman, publicly employed emergency medical technician, or a surviving spouse of such a first responder, receiving indemnification payments from the Department of Administrative Services due to certain injuries or death occurring in the line of duty. Ad valorem tax for state purposes will be due on the assessed value of land that exceeds the 10 acre limitation. [CDATA[/* >*/ The information should be used for informational use only and does not constitute a legal document for the description of these properties. Ad Valorem Tax. (A mill is 1/10 of 1 cent or $1 per $1,000 of assessed value.) GA Code § 48-5-47 – 65 Years of Age and Low Income Exemption Individuals 65 Years of Age and Older May Claim a $4,000 Exemption Fees & Penalties. An official website of the State of Georgia. Of the Initial $45 fees collected for the issuance of these tags, the fees shall be distributed as follows: $20 Annual License Reg. Ad Valorem tax is more commonly known as property tax. fill: palette-swatch-var(icon-fill); // sass-lint:disable-line no-duplicate-properties For more information, please call us at 912-576-3248. Fee $1 to the County Tag Agent $19 to Sponsoring Organization $5 to State of Georgia General Treasury. Of the Initial $80 fees collected for the issuance of these tags, the fees shall be distributed as follows: $20 Annual Plate Reg. As defined in O.C.G.A. And occupied as his or her legal residence state, and federal government websites often end in.gov -- upon... Is fair market value determined for a new motor vehicle assessment manual paid by the rate in on! 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