Tuesday, August 13, 2019
Georgia Title Ad Valorem Tax
If you buy a new or used car in Georgia, you have to pay this tax which is a substantial 7% of the fair value of the vehicle. You also have to pay it if you bring a car into Georgia from another state and you want to get a Georgia tag. By paying this tax you no longer have to pay the annual ad valorem tax or any sales tax. From an income tax standpoint the title ad valorem tax is a nondeductible cost which adds to the basis of the vehicle.
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Can I deduct vehicle Title Ad Valorem Tax if I relocated to Georgia at my employers request? I've seen it can be treated as a sales tax, but we already owned the cars.
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