2021 VEHICLE ASSESSMENT PROCEDURES
| Vehicle Year
|
Assessment Value
|
| 2001 & Older
|
20% Depreciation of last year's value until reaching $225.00
|
| 2002- 2013
|
Average loan value NADA Older Car Guide
|
| 2013 - 2021
|
Average loan value NADA Guide (If listed in NADA book)
|
| 2019
|
85% MSRP if available (For vehicles not in NADA books)
|
| 2020
|
90% MSRP if available (For vehicles not in NADA books)
|
| 2021
|
95% MSRP if available (For vehicles not in NADA books)
|
NEW OR USED VEHICLES NOT IN NADA, OLDER VEHICLES, ANTIQUE VEHICLES, RECONSTRUCTED VEHICLES, AND TRUCKS WITH A HIGH GW, USE A PERCENTAGE OF ORIGINAL COST. THE PERCENTAGE WILL BE THE FOLLOWING BY YEAR PURCHASED.
| Year Purchased
|
Assessment Value
|
| 2021
|
90% of cost
|
| 2020
|
80% of cost
|
| 2019
|
70% of cost
|
| 2018
|
60% of cost
|
| 2017
|
50% of cost
|
| 2016
|
40% of cost
|
| 2015
|
30% of cost
|
| 2014
|
25% of cost
|
| 2013 & Older
|
20% Depreciation of last year's value until reaching $225.00
|
MISCELLANEOUS VEHICLES
- Utility, boat, horse trailers: % of cost stated above
- Boats and Boat Motors (combined): % of cost stated above
- Motor Homes; Conversion Vans: % of cost stated above
- Camper Trailers: % of cost stated 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.