The Union Recorder

Editorials

February 25, 2013

EDITORIAL: Residents should brush up on new ad valorem tax changes

MILLEDGEVILLE — A new law takes effect in Georgia next week that may impact how some locals and residents statewide pay ad valorem taxes.

Legislation approved last session by the Georgia General Assembly means beginning March 1, some residents will no longer pay these taxes on their birthdays. Local residents should be aware of the changes to avoid confusion and determine whether or not their motor vehicle taxes will be affected.

House Bill 386 creates a new system for taxing registered motor vehicles. There are still a few logistics to the bill that remain in discussion, however, knowing about the key changes beforehand can alleviate confusion and save time. Essentially, starting next Friday, sales and the annual ad valorem (birthday) taxes no longer apply to automobile purchases. While there has been discussion on the impending changes, local residents should be aware that vehicles purchased before Jan. 1, 2012 will stay on the old system and owners should know that they will continue the birthday tax the same as in previous years.

The replacement system creates a one-time title ad valorem tax or TAVT, so vehicle owners pay the title tax when they register a new or used vehicle and apply for the title at the county tax commissioner’s office. The new system only applies when ownership shifts through title exchange after March 1, but all residents should be aware of the change. All others continue operation under the current system, paying the annual tax and fees.

Owners who bought a vehicle between Jan. 1, 2012 and up to March 1 can opt-in to the new system if the owner proves sales and property taxes already paid exceed the potential TAVT payment. If the amount is less, the individual can pay the difference and convert.

Georgians must opt-in before Dec. 31.

There are also specifics in the new law regarding vehicle title transfers to family members and for leased vehicles.

Text Only
Editorials
Poll
AP Video
SKorea Ferry Toll Hits 156, Search Gets Tougher Video Shows Possible Syrian Gas Attack Cubs Superfans Celebrate Wrigley's 100th Raw: Cattle Truck Overturns in Texas Admirers Flock to Dole During Kansas Homecoming Raw: Erupting Volcanoes in Guatemala and Peru Alibaba IPO Could Be Largest Ever for Tech Firm FBI Joining Probe of Suburban NY 'Swatting' Call U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' S.C. Man Apologizes for Naked Walk in Wal-Mart Chief Mate: Crew Told to Escape After Passengers
Facebook
Twitter Updates
Follow us on twitter
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Stocks
NDN Video
Michael Strahan's First Day on "GMA" Amazon's Deal With HBO Leapfrogs Streaming Rivals Stephen Colbert Tells David Letterman His Plan for 'Late Show' Georgetown police officer filmed tripping students Viral: It's Not Pitbull - It's Amy Poehler! Recycling Highlights for Earth Day Lupita Nyong'o Named People's 'Most Beautiful' Peeps Launched into Outer Space NYPD's Twitter Request For Photos Backfires New HBO Go Commercials Capture Awkward Family TV Watching Raw: Leopard Bites Man in India Rise of the Milkbots Jenna Dewan-Tatum Strips Down TRENDING: Brian Williams Raps 'Gin and Juice' on ‘Tonight Show’ Middle School heroes rescue students from burning bus WHOPPER OF FISHING STORY: Florida man catches massive Mako shark Maks Chmerkovskiy's "DWTS" Meltdown The many faces of Mike Woodson Ape Builds A Fire And Toasts Marshmallows In Amazing BBC Video Manchester Utd sack manager David Moyes