Am I the only one concerned?
It is going to change the way we pay ad valorm tax; yes you know your birthday fee!
Beginning March 1,2013, the taxation of motor vehicles in Georgia will undergo substantial reform. After this date, state and local sales tax will no longer be charged on the purchase of a vehicle. Annual ad valorem tax will also be eliminated on vehicles that have transferred ownership, except in the case of a transfer to an immediate family member where a title tax is not paid. The sales tax and annual ad valorem tax will be replaced with a one-time state and local title ad valorem tax paid every time the ownership of a vehicle is transferred.
The new title tax will be collected by county tax commissioners and dispersed to the state, counties, school districts and cities based upon the formulas prescribed by law.
I am a bit concerned on the amount that will be required up front since I wont be paying the birthday fee every year.
All I am saying is, the state isn’t trying to cut us a break, and they will get their money one way or another, either via the birthday fee or the new tax. I would rather pay a little rover time than a percent of a $30,000 all at once.
I’m not saying I understand the bill completely, but I it does throw up some red flags in my mind.
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