Vehicles, boats, trailers, campers, ATVs, aircrafts, and other personal property are appraised at 60% of the National Automobile Dealers Association (NADA) low book value. The appropriate levy rate for the area in which you live is then applied to that value to determine your taxable amount. You should report all personal property on your annual Personal Property Assessment Form, which can be found on the "Forms" page of our website.
If you lease a vehicle, the leasing company will report all vehicles leased under business personal property, and you will typically receive a bill from your leasing company for the taxes. You should check with your leasing company to determine how the taxes are being paid for your vehicle. You will also have to check with our office when renewing your vehicle registration to get the information needed to get a paid tax receipt.