Commissioner of the Revenue's Office

2012 VEHICLE ASSESSMENT PROCEDURES

CARS AND TRUCKS

Vehicle Year	Assessment Value
1992 & Older	20% Depreciation of last year's value until reaching $225.00
1993 - 2004	Average loan value NADA Older Car Guide
2005 - 2011	Average loan value NADA Guide (If listed in NADA book)
2010	85% MSRP if available (For vehicles not in NADA books)
2011	90% MSRP if available (For vehicles not in NADA books)
2012	95% MSRP if available (For vehicles not in NADA books)

OLDER VEHICLES, ANTIQUE VEHICLES, RECONSTRUCTED VEHICLES, AND TRUCKS OF 7501 AND HIGHER GW, USE A PERCENTAGE OF ORIGINAL COST.  THE PERCENTAGE WILL BE THE FOLLOWING BY YEAR PURCHASED.

Year Purchased	Assessment Value
2012	90% of cost
2011	80% of cost
2010	70% of cost
2009	60% of cost
2008	50% of cost
2007	40% of cost
2006	30% of cost
2005	25% of cost
2004 & Older	20% Depreciation of last year's value until reaching $225.00

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MISCELLANEOUS VEHICLES

• Utility, boat, horse trailers: % of cost stated above
• Boats and Boat Motors (combined): % of cost stated above
• Motor Homes & Conversion Vans: % of cost
• Camper Trailers: % of cost
• Motorcycles: NADA Loan value if available or % of cost, those out of book, use % of cost then reduce by 20% each year until reaching $225

MOBILE HOMES ARE ASSESSED BY THE WINGATE APPRAISAL GUIDE.