Originally Posted by JC_0105
Agree...paying taxes once is bad enough but twice would be horrible!! I thought I read that it would be the purchase price and if you have a trade that takes $x amount off the price that portion isn't taxed either. For example purposes: Negotiated new vehicle price $40k - trade-in $10k = $30k the tax is only on the $30k. I have been trying to find the article I read that in first though and try to validate this is the case.
Its all here New Ad Valorem Title Tax ("TAVT")
. This new bill is definitely going to help. We just pay that tax and no sales or use tax. Wont have to pay those crazy ad valorem tax fees either. Last year i paid close to $400 for my 2010 wrangler.
Oh yeah, you can see how TVAT is calculated on that page, which is just like JC stated.