This tax is based on the value of the vehicle. The Title Ad Valorem Tax (“TAVT” or “Title Fee”) was passed by the 2012 Georgia General Assembly with additional amendments made during the 2013 legislative session. 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 Local, state, and federal government websites often end in .gov. Taxes must be paid by the last day of your registration period (birthday) to avoid a 10% penalty. The exemptions apply to homestead property owned by the taxpayer and occupied as his or her legal residence. fill: palette-swatch-var(icon-fill); // sass-lint:disable-line no-duplicate-properties Cost to renew annually: $45.00 plus ad valorem tax, if applicable. 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. Title Ad Valorem Tax (TAVT) became effective on March 1, 2013. ]]>*/ An official website of the State of Georgia. It was approved by a vote of 74% to 26%. To apply for a title for a mobile home, the following must be submitted to the County Tag Office where the mobile home is located. Vehicles, purchased on or after March 1, 2013 and titled in Georgia, are subject to Title Ad Valorem Tax (TAVT) and are exempt from sales and use tax and the annual ad valorem tax. Accordingly, the fair market value for a used motor vehicle for purposes of TAVT will generally be the same as the value that was used in the old annual ad valorem tax system. The assessed value in Georgia is always 40% of the fair market value, and is the value to which the millage rate is applied on the bill. Ad valorem tax receipts are distributed to the state, county, schools, and cities. Currently, there are two tax systems: … The ad valorem tax, more commonly called property tax, is the primary source of revenue for local governments in Georgia. Before sharing sensitive or personal information, make sure you’re on an official state website. Title Ad Valorem Tax (TAVT) Individually owned and business owned vehicles (including leases) requires full payment of TAVT at the time of registration. Ad valorem taxes are typically calculated on an annual basis, such as local property tax (e.g. The information should be used for informational use only and does not constitute a legal document for the description of these properties. State of Georgia government websites and email systems use “georgia.gov” or “ga.gov” at the end of the address. A used motor vehicle is any motor vehicle, which has been the subject of a sale at retail to the general public. As defined in O.C.G.A. Before sharing sensitive or personal information, make sure you’re on an official state website. Local, state, and federal government websites often end in .gov. Facebook page for Georgia Department of Revenue, Twitter page for Georgia Department of Revenue, Title Ad Valorem Tax Estimator (calculator). 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