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New vehicle sales tax rate goes up this year
Opt-in period ends soon for one-time charge replacing ad valorem birthday tax
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The new Title Ad Valorem Tax increased at the start of the new year, 10 months after its implementation. The tax began last March in response to a new state law that changed the way motor vehicles were taxed. TAVT allows taxpayers to trade in annual payment of their car’s tax for a one-time fee of 6.75 percent of the vehicle’s worth.