Personal Property Tax - Assessments
Assessment Methods
Automobiles and Trucks (14,999 pounds and under)
Most automobiles are assessed based on the average loan
value listed in the January issue of the National Automobile Dealers
Association (NADA) Official Used Car Guide, as of January 1. The
minimum assessment is $100. A new vehicle is assessed at 90% of
cost as reported to DMV as basis for the motor vehicle sales tax.
Motor Homes
Motor homes are considered recreational vehicles and
are assessed based on percentage of original cost. The cost must
be listed on DMV records or a bill of sale must be provided. The
minimum assessment is $100.
Boats
Boat assessments are based on the percentage of costs.
The minimum assessment is $100.
Trucks (15,000 pounds and over)
Trucks assessments are based on the average loan value
listed in the National Automobile Dealers Association (NADA) Official
Used Truck Guide. The minimum assessment is $1000.
Trailers
Trailers assessments are based on the percentage of original
cost. They are not taxable for the current year if purchased after
January 1. The minimum assessment for trailers weighing 14,999
pounds and under is $50. Those trailers weighing 15,000 pounds
or greater, the minimum assessment is $1000.
Mobile Homes
Mobile Homes are assessed based on price per square foot
as determined in the Wingate Mobile Appraisal Guide.
Common Carrier And Contract Carrier Vehicles
Motor vehicles and trailers with a gross weight of 10,000
pounds or more and are used to transport property for hire by a
motor carrier engaged in interstate commerce are assessed at a
reduced rate. In order to qualify for the reduced rate, your are
required to provide the Commissioner of the Revenue
a copy of your certificate from the Federal Highway Administration
showing you are a common carrier or contract carrier.
Aircraft (includes helicopters and hot air balloons)
Assessments are based on the Aircraft Bluebook Digest, using the “Average Marketable Equipt” figure (read backwards). Personal Property tax on aircraft is not prorated.
Tax Rates
| Tax Item |
Rate per $100 Assessed Value |
Cars, light trucks, trailers |
$3.60 |
Boats |
$3.60 |
Recreational Vehicles (motor home) |
$3.60 |
For Hire Motor Carriers |
$0.96 |
Mobile Homes |
$1.08 |
Volunteer Fire/Rescue |
$0.96 |
Aircraft |
$0.50 |
Appealing Your Assessment
Taxpayers may easily appeal their assessment.
To file an appeal, you must bring the vehicle in to our office
to have a field auditor examine it.
You may:
- Provide an independent appraisal from a reputable shop
or repair facility.
- Provide a police report for incident causing damage.
- Describe the vehicle’s condition prior to or on January
1 of the tax year for which the assessment is being appealed.
- List specific conditions that make your vehicle’s
value less than the average loan value listed in the National
Automobile Dealers Association (NADA) guide. (For example body
damage and missing engine.) Excess mileage alone is not a sufficient
reason.
- List each condition that existed on or prior to January
1 and the amount that condition contributed to the reduction
in the average loan value for that vehicle.
The Commissioner of the Revenue may require additional information
necessary to collaborate a taxpayer’s claim or appeal.
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