Changes coming for car taxes in Cobb
by Kim Isaza
December 19, 2012 12:01 PM | 505 views | 0 0 comments | 6 6 recommendations | email to a friend | print

MARIETTA -- Tax Commissioner Gail Downing is aiming to inform citizens of major changes in car taxes that will take effect March 1.

The changes are the result of a state law passed by the General Assembly in spring 2012 and signed by Gov. Nathan Deal.

The biggest change is that for cars titled in Georgia beginning March 1, a one-time Title Ad Valorem Tax (TAVT) will be assessed at 6.5 percent of the fair market value of the vehicle, and the TAVT replaces annual ad valorem and sales taxes.

Vehicles purchased in Georgia between Jan. 1, 2012 and Feb. 28, 2013 may opt-in to the new TAVT between March 1 and Dec. 31, 2013.

All vehicles purchased after March 1 will be assessed the new TAVT.

The changes will not affect how taxes are assessed and collected on vehicles purchased prior to Jan. 1, 2012.

Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides