As defined in O.C.G.A. It was approved by a vote of 74% to 26%. The most common ad valorem taxes are … fill: palette-swatch-var(icon-fill); // sass-lint:disable-line no-duplicate-properties An official website of the State of Georgia. § 48-5C-1, the “trade-in value” is the value of the motor vehicle as stated in the bill of sale for a vehicle which has been traded in to the dealer in a transaction involving the purchase of another vehicle from the dealer. .fill { A new motor vehicle is any motor vehicle, which is not a demonstrator vehicle and has never been the subject of a sale at retail to the general public. The actual filing of documents is the veteran’s responsibility. Retail selling price (or in the case of a lease, the agreed upon value) includes charges for delivery, freight, doc fees, and other such fees and is meant to mirror the taxable base that was formerly used for sales tax. The current TAVT rate is 6.6% of the fair market value of the vehicle. Property tax is an ad valorem tax--which means according to value-- based upon a person's wealth. GDVS personnel will assist veterans in obtaining the necessary documentation for filing. All real property and all personal property are taxable unless the property has been exempted by law. Ad valorem means "according to value." 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. Henry County - GA - Tax Commissioner disclaims any responsibility or liability for any direct or indirect damages resulting from the use of this data. Ad Valorem Tax, AKA Property Tax. The basis for ad valorem taxation is the fair market value of the property, which is established as of January 1 of each year. How is fair market value determined for a USED motor vehicle? Ad Valorem tax is more commonly known as property tax. Cost to renew annually: $45.00 plus ad valorem tax, if applicable. Ad valorem tax, more commonly known as property tax, is a large source of revenue for local governments in Georgia. Fee $1 to the County Tag Agent $10 to Sponsoring Organization $49 to State of Georgia General Treasury This tax is based on the value of the vehicle. New residents to Georgia pay TAVT at a rate of 3% (New Georgia Law effective July 1, 2019).