News Flash

Home

Posted on: January 14, 2022

Increase in car values

images

In recent months, used and new car values have increased significantly due to the slowed production of new cars and greater demand for and limited supply of used cars.  In Kentucky, the amount of motor vehicle property tax is based on the value of the car. The standard manual used to determine the trade-in value is NADA.  These trade-in values have increased significantly for 2022.  While the PVAs administer the valuation process, we have very little discretion in terms of automobile values on an individual basis.  However, if you can document excessive miles on the odometer, or have repair estimates for damage to your vehicle, the PVA office may be able to make a value adjustment.

 

At this time, state lawmakers are working to enact legislation to provide some relief from the increased vehicle property tax.  When our office receives additional information regarding any changes that will be made due to new legislation, we will immediately share this information with you.

Facebook Twitter Email

Other News in Home

Ballons3

Turning 65 in 2022?

Posted on: December 6, 2021
Camera

Field Photographers

Posted on: June 4, 2021
Town of Windsor_604x453

Welcome!

Posted on: August 7, 2020