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
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
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
Famous Internet Cats Help Big Cause With Viral Video Raw: Obama Gets Hug From Special Olympian Snoop Dogg Narrating Animal Footage Is Perfect Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Chapter Two: Composing for a film in retirement Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2" Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza