Purchasing a vehicle will be a little more expensive this year.
Specifically, the cost of car titles will rise with the increase of the title ad valorem tax for 2015.
“The TVAT went into effect back in March of 2013, and they got rid of the birthday tax,” said Randy Williams, Hall County’s chief deputy tax commissioner. “They replaced it with this fee. So instead of paying the ad valorem tax every year when you renew your tag, you just pay the $20 to renew the tag. But when you buy a car, you pay a title tax fee.”
This is a one-time tax imposed at the time the vehicle is titled in the state. It applies to vehicles purchased, transferred into ownership and moved from out of state, along with other particular circumstances.
The tax is now 7 percent, a small increase from 6.75 in 2014 and 6.5 in 2013.
Williams said the tax rate may continue to increase in the future, but cannot exceed 9 percent. The recent increase applies from Jan. 1 to Dec. 31, and any increases for 2016 will be announced by Aug. 31.
For vehicles purchased through a dealership, the dealer must accept the title application and title ad valorem tax payment on the buyer’s behalf and submit both to the county tag agent, according to the state Department of Revenue.
Those curious about the cost of their own car title can enter their VIN number into a calculator on the department’s website, dor.georgia.gov/motor-vehicles.
The calculator produces an estimate, which may differ slightly from the final transaction at the county tag office.
The Hall County tag office is located at 2875 Browns Bridge Road, Gainesville.