Commissioner of the Revenue's Office

2007 VEHICLE ASSESSMENT PROCEDURES

CARS AND TRUCKS

Vehicle Year	Assessment Value
1988 & Older	20% Depreciation of last year's value until reaching $225.00
1989 - 2000	Average loan value NADA Older Car Guide
2001 - 2005	Average loan value NADA Guide
2006	85% MSRP if available (For vehicles not in NADA books)
2007	90% MSRP if available (For vehicles not in NADA books)
2008	95% MSRP if available (For vehicles not in NADA books)

NEW VEHICLES NOT FOUND IN THE NADA BOOK, USE % OF MSRP. OLDER 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
2008	90% of cost
2007	80% of cost
2006	70% of cost
2005	60% of cost
2004	50% of cost
2003	40% of cost
2002	30% of cost
2001	25% of cost
2000 & Older	20% Depreciation of last year's value until reaching $225.00

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MISCELLANEOUS VEHICLES

• Utility, boat, horse trailers: % of cost, see chart above
• Boats and Boat Motors (combined): % of cost, see chart above
• Motor Homes & Conversion Vans: % of cost, see chart above
• Camper Trailers: % of cost, see chart above
• 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.