I hear they are also enacting a sales tax on personal sales. You pay your 7% when you register the car, much like NY.
They are cutting the state income tax from 6 to 4.5% at the same time. So depending on what percent car repairs and private party car purchases are of your total income it could be a good thing. Since I do all my own repairs and rarely buy cars I win. Screw everbody else
they'll probably have built into the law a minimum taxable sales value that you'll have to pay when you pay the advalorem to get around that...
i have no problem with spreading the tax base, but a car repair tax will disproportionately affect poorer people who drive older cars and have more repairs needed. People with newer cars need less service, and usually end up just trading in. They would be in a situation to pay that tax FAR less often.
It really is a round-about way to give the wealthy a tax break. I wonder if the lower middle class conservatives will catch on.
It is a tax on the poor.Most new cars come with free maintenance and a warranty.(or an extended warranty.)And then how is it supposed to help if you then lower the state income tax.Oh wait I forgot,this is government we are talking about.It doesn't have to make sense.
i really do not understand where it is going to either.... i just paid 350 for my renewal a couple weeks ago. coming from Pennsylvania....all that was needed for the yearly registration renewal was $36 and then you have to go get a safety/emissions inspection which was ~$75 and THATS IT. i never heard of ad valorem until i moved here. sure the cost of living here is cheaper than the north, but this state sure finds ways to make up for it so it equals out....
Rick may be a cajun but lower middle class he isn't. Besides he does all the work on his own cars too.
they never do catch on.. and consistently vote against their own interests. it's sad and pathetic to watch definitely a regressive tax.. I can't even understand how they would pitch it, except for the "oh but we're lowering your income taxes!"
georgia is one of only 2 states, i believe that taxes a registration AND taxes the vehicle as an asset to your financial whole. thats "Ad Valorem" or Added Value
ok so GA has about 4.5 million residents....where the hell does a ~$300 tax go to that comes from millions of people? something in the range of almost a billion dollars
haha not sure about that. i was laid off in December and on unemployment for the month of January. unemployment is only a max of 330/week. cant really live off of that. thats the lowest i've ever heard of - my mom, who is currently in NJ and was laid of last month, is on unemployment and gets about 2000/month
The majority of the Vehicle Ad Valorem is collected by the county government, so it is going to local infrastructure depending on where your car is located. It is considered part of Property Tax, in this case, your car is personal property. Believe it or not, you can appeal the value of your vehicle through your local Tax Assessors's office.
This is true. There are 4.5 million residents in GA. However, that 4.5M share this geographical space with 5,329,211 other people. That we know of. Look here.
good resource. but i was moreso referring to probable registered car owners. unless that 9 million residents refers to households...?