How to Calculate Property Taxes on a Vehicle

Your county auditor may determine your vehicle's value for tax purposes.

Vehicle property tax rates are determined at the state or county level, depending on the laws where you live. Generally speaking, the property tax is paid annually and is a percentage of the fair market value of your vehicle, as determined by either the state or county department charged with assessing vehicle values. Both the percentage rate used to determine the tax and the value of your vehicle may change each year.

Step 1

Visit your state's department of revenue website to research property tax laws in your state. Here, you will find information about your state's property tax rate or information about how to find the vehicle property tax rate in your county. If there is no statewide vehicle property tax, you may need to contact your county's auditor to get your vehicle property tax rate.

Step 2

Find out the fair market value of your vehicle for the current year. Your county auditor's office/county tax office can give you its assessment of your vehicle's value, which will be used to determine your property tax.

Step 3

Multiply the tax rate percentage by the assessed value of your vehicle. For instance, if your vehicle's value is assessed at $10,000 and the property tax rate is 5%, simply multiply 10,000 by 5% to get $500, which is what you owe.

Tip

If you believe your vehicle value assessment is too high, your county auditor may have an appeal procedure. Check with the auditor's office for information on how to file your appeal and what supporting evidence you need.

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