TITLE AD VALOREM TAX (“TAVT”)
Effective Friday March 1, 2013 House Bill 386 removed both sales-tax and annual ad valorem taxes from vehicles purchased 03/01/13 and thereafter, and replaced them with a single, one-time Title Ad Valorem Tax (“TAVT”).
Calculated as a percentage against the higher of (1) sales price, or (2) fair-market-value, the “TAVT” rate is 6.75% for vehicles purchased 01/01/14 through 12/31/14. The rate increases to 7.0% for vehicles purchased beginning 2015.
TAVT must be paid prior to the issuance of a Georgia Title & License Plate.
For more information regarding the new Title Ad Valorem Tax, please visit the Georgia Department of Revenue’s FAQ page located here.
OTHER IMPORTANT INFORMATION:
LENGTH OF TIME TO APPLY FOR TAG & TITLE
FOR PRIVATE SALES:
Both Registration and Title for a newly purchased motor vehicle from a source other than a registered dealer must be applied for at the new owner's County Tag Office no later than seven (7) business days after the Date of Purchase. The new seven (7) day requirement is contained in Georgia Law (O.C.G.A. 40-2-29) and replaces the former thirty (30) day requirement for making an application for title and registration.
If the Certificate of Title is in the possession of a security interest or lien holder at the time of application, The County Tag Office may issue a temporary license plate, valid for thirty (30) days. If the transferor does not provide a title to the transferee within five (5) days prior to the expiration of the initial thirty (30) day temporary license plate, the County Tag Office may issue a single thirty (30) day extention of the temporary license plate.
PURCHASED FROM REGISTERED DEALER:
The owner of a motor vehicle purchased from a registered dealer will be issued a dealer temporary license plate from the registered dealer at the time of purchase. The temporary license plate is valid for thirty (30) days.
Only a temporary license plate issued by a registered dealer or the County Tag Office is considered valid. Any other type of temporary license plate ("Tag Applied For", etc.) is considered unlawful. Operation of a motor vehicle displaying a non-valid license plate or non-valid temporary license plate shall be punishable as a misdemeanor subject to fines.