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.

Residents should know they cannot register a vehicle, change the title or get a tag until the ad valorem taxes are paid, and knowing whether or not the law applies in individual cases will make the transaction process run more smoothly at the courthouse. Not knowing could result in sticker shock at the tax commissioner’s office when making a transfer.

Same some time and avoid the potential for added confusion. Brush up on the law by visiting the Georgia Department of Revenue website at www.etax.dor.ga.gov. Or, call the Baldwin County Tax Commission office for more details and specific questions. 

Text Only
Editorials
Poll
AP Video
Raw: New Video of Deadly Oklahoma Tornado IRS Official Pleads 5th Amendment Lawyer: Feds Investigating Susan Powell Case Former Rep. Weiner Running for New York Mayor Jodi Arias: Death Penalty Would Cause More Pain Police Ram House to End Hostage Standoff Families Begin Returning to Their Homes in Moore Raw: Aerial View of Moore Tornado Damage Looking for Love? Take the Prague Metro First Person: Baby Falcons on a New York Bridge Crews Race to Find Survivors of Okla. Twister Oklahoma: Images of Devastation, Reunion Raw: Students Clash With Police in Chile Protests Outside Cincinnati IRS Office New Xbox One Entertainment Console Unveiled
Facebook
Twitter Updates
Follow us on twitter
Follow me on Twitter
Community Calendar
Loading…
Events by eviesays.com
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
DWTS Crowns a Winner Police Ram House to End Hostage Standoff Crowd Chants '¡Si, Se Puede!' After Passage of Immigration Bill Demi Moore a Rocks Bikini at Harry Morton's Family House Anthony Weiner: I'm running for New York City mayor Kate Middleton's Dress Flies Up VIRAL: Baby makes epic soccer goal The Hangover Baby All Grown Up Olivia Munn Flaunts Her Bikini Bod Britney Spears Under Fire Once Again For Being A Bad Mom Arias Tells Jury What She'd Do if She Gets Life The all-new Xbox One RAW: Massive tornado strikes Oklahoma Nidal Hasan paid $278K while awaiting trial VIDEO: Teacher reunites mother and son after tornado levels elementary school in Oklahoma City Okla. tornado survivor finds dog buried alive under rubble Jennifer Lawrence Gets Naked and Painted Blue as X-Men's Mystique Pickler's Dance Moves Cause A Stir Obama to tornado survivors: The country stands beside you Reporter Cries Over Devastation