Assessment Procedures

2025 VEHICLE ASSESSMENT PROCEDURES

Procedures based on the current year January Edition of J.D. Power Vehicle Values Book.

Vehicle Year
Assessment Value
2005 and Older
10% Depreciation of last year's value until reaching $225
2006 - 2017Clean loan value J.D. Power Older Car Guide
2018 - 2025Clean loan value J.D. Power Guide (If listed in J.D. Power Book)
202385% MSRP if available (When loan values are not in J.D. Power Book)
202490% MSRP if available (When loan values are not in J.D. Power Book)
202595% MSRP if available (When loan values are not in J.D. Power Book)


New or used vehicles not in J.D. Power, older vehicles, antique vehicles, reconstructed vehicles and trucks with a high GW, use a percentage of the original cost. The percentage will be the following by year purchased.

Year
Assessment Value
202590% of cost
202480% of cost
202370% of cost
202260% of cost
202150% of cost
202040% of cost
201930% of cost
201825% of cost
2017 and Older20% Depreciation o last year's value until reaching $225


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 stated above
  • Camper Trailers: % of cost stated above
  • Aircraft: % of cost stated above
  • Motorcycles: J.D. Power rough trade-in value if available or % of cost, those out of the book, use % of cost then reduce by 10% each year until reaching $225

Mobile homes are assessed by the Wingate Appraisal Guide. The year it drops out of Wingate, it is reduced by 20% of the previous year's assessment until it reaches the minimum.

  • Single section minimum is $1200
  • Multi-section minimum is $2400