Annual 'Birthday Tax' on Vehicles Goes Away March 1
Forsyth County Chief Deputy Tax Commissioner David Hicks explains what these major changes mean.
Annual Ad Valorem Tax
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Thursday, February 28, 2013
Sunday, January 13, 2013
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. Forsyth County Chief Deputy Tax Commissioner David Hicks explains what these major changes mean. "When you go to the dealer, like you use to, you pay sales tax when you bought a vehicle and that sales tax was based on whatever rate of the county where it was purchased," he said. "That's going …
Dennis Roucek
6:30 pm on Wednesday, January 16, 2013
Feedback to David - I may be wrong, but I think Clark Howard sold out some time back (when he got rich!). This taxation on private car sales hurts only the people who can afford it least...... the struggling poor and middle class. What a shame. more ›