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Title Tax

Friday, March 8, 2013

Appeals Likely to Increase with New 'Title Tax' Law

The Gwinnett County Tax Commissioner's office is bracing for an expected increase in the number of automobile owners who may appeal their car's appraised value.

Georgia's new "Title Tax" law which went into effect March 1, is creating an unexpected expense for Gwinnett County which was already operating on a tight budget - an increase in the number of appeals by car buyers who seek a reduction in the value of their newly purchased automobile. Car buyers purchasing a vehicle beginning the first day of March must pay a Title Tax of 6.5 percent of the value of the vehicle. This new tax replaces the annual ad valorem tax for cars purchased after this date. The new Title Tax is accessed on any vehicle, new or used. According to an AJC report, Gwinnett's Chief Appraiser Steve Pruitt said he expects a substantial increase in the number of appeals. Pruitt said his office generally sees some 100 to 120 …

Sunday, February 24, 2013

Q&A on Georgia's New Car 'Title Tax'

Still have questions about the new car tax law going into effect March 1? Here is a list of answers to frequently asked questions and a link to help calculate how much you will pay for that new ride.

For anyone in Peachtree Corners contemplating buying a new or used car, you've probably still got some questions about the new "Title Tax" law that goes into effect March 1, 2013. You'll find 22 answers to questions that range from "How much will the title tax be?" to "What is the fair value market and how is it determined?" on the Gwinnett County's Tax Commissioner's website. Thanks to Sully who pointed out the link in the comment stream earler today on the Peachtree Corners Patch website. Click here to see the Q&A on information on the new "Title Tax" that replaces the ad valorem tax that goes into effect on the first day of March for automobiles purchased on or after that date. There is also a title tax calculator on the Georgia …

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JMitchell

9:32 am on Tuesday, May 14, 2013

Thank you Jim for your common sense replies. Not only did we get hit with these draconian fees, but the representative at the vehicle registration office said that any trade in values or down payments were not considered because we were new residents. We place a hefty downpayment and trade in for one of the Jeeps and none of that was taken into account so that is why the fee was $1,300.00 for …   more ›

Thursday, February 14, 2013

Georgia's New Vehicle 'Title Tax' Takes Effect March 1

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. Effective March 1, 2013, House Bill 386 removes the sales tax and the annual ad valorem tax on newly purchased vehicles, according to a Gwinnett County newsletter. Instead, there will be a new title tax of 6.5 percent in 2013 -- only due each time the vehicle is sold and titled. It applies to dealer sales as well as sales between individuals.You'll pay this tax in the county where you register the vehicle. However, you will continue to pay the annual ad valorem tax on vehicle(s) that you currently own. Other aspects of the new law: For more information and a title tax calculator, visit www.GwinnettTaxCommissioner.…

Sully

12:15 am on Sunday, February 24, 2013

Here is a great FAQ from the Gwinnett Tax Commissioner Website. http://gwinnetttaxcommissioner.manatron.com/LinkClick.aspx?fileticket=Jhv%2fu5xcGtI%3d&tabid=108   more ›

Tuesday, June 5, 2012

Ad Valorem Tax Fees Change in 2013

The Georgia General Assembly passed a tax reform bill that will change how and when you pay your ad valorem tax on your vehicle.

The good news is the "birthday tax" we've all been paying when we renew our car tags has been eliminated - well, sort of. It only affects vehicles purchased after March 1, 2013. During this year's legislative session, the Georgia General Assembly passed a tax reform bill that removes the sales tax and ad valorem tax on newly-purchased vehicles. However, there are new taxes to pay - after March 1, 2013 a new title ad valorem tax fee of 6.5 percent in 2013 and 6.75 percent in 2014 will be added (for vehicles purchased after the first day of March next year). The new law affects both brand new vehicles and previously-owned vehicles because the tax isn't paid annually only when a vehicle is purchased. The Gwinnett Tax Commissioner's office …

Tamika

12:29 am on Friday, March 1, 2013

Therefore alot of people will not be buying cars. Who they think makes that much freaking money. If you only have say $1000 to put down on a car now with this new stupid law, you have to have $1650 on a car that cost $10,000...what the fudge..I guess after my car, I will be on a bike......   more ›

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