The state’s new car tax law is a boon so far for some metro Atlanta counties, which are collecting millions in new tax revenue each month.
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Staff writer Greg Bluestein contributed to this story.
Understanding the new car title tax
The old ad valorem tax system will continue to exist for vehicles titled in 2011 or earlier, unless the title is transferred. Owners of vehicles purchased in 2012 have the option to remain under the old ad valorem system or transfer into the new system.
People who moved to Georgia with a car after March 1 will have to pay the new tax on any vehicles entering the state when they register their cars in Georgia. New out-of-state residents will have to pay half the fee up front and will have a year to pay the rest.
Owners of vehicles passed between immediate family members — spouses, parents, children, siblings, grandparents or grandchildren — will pay a reduced fee of 0.5 percent of the car’s worth to title it, provided the full one-time title ad valorem tax already has been paid.
People who were exempt from paying the annual car tax, such as disabled veterans, are exempt from the new tax.
Vehicles older than 1985 that are not required to have titles are only affected if the owner decides to get a title after March 1.
Vehicles that aren’t titled, such as boats and trailers, aren’t affected by the new law.
To calculate how much the new tax would cost you, see www.newtitletax.com
Source: Metro counties, Association County Commissioners of Georgia