Originally Posted by dmk08
As of March 1st in Georgia the way they tax vehicles has changed drastically. You used to pay sales tax (5-9% depending on county) and then a yearly Ad Valorem tax($500+ on an E90). You also wouldn't pay any sales tax on private party used car sales.
Going forward you'll pay a flat tax rate when you purchase the vehicle, new or used, and then never have to pay a yearly tax on it again. This tax is 6.5% in 2013-2014 and 7% in 2015+. You pay this at the time of vehicle purchase and its based off 'fair market value' of the vehicle.
This probably doesn't belong in this thread but I just thought I would let any GA potential buyers know if you want to buy a car private party now is the time to do it.
what about a private vehicle swap? Sounds like you have to pay it since you need to register it again and it'll come in as a new VIN registration. What about a gift? Are they taxing you if your dad gives you a beater to drive during college? sounds like as long as there's a change in registration, they'll assess taxes?