High Mileage Assessment Reduction
high mileage assessment reduction will be taken from the NADA January 1
official guide on vehicles with over 100,000 miles verified by the
owner’s latest state inspection receipt and filed with their annual
personal property form by February 1 on each year. The amount of the
assessment reduction will vary according to the class and age of the
vehicle. The value shown in the NADA mileage table will be adjusted from
the assessed value. The personal property tax rate will then be applied
to the reduced assessment.
The high mileage reduction does not apply to motorcycles motor homes, large trucks or trailers.
Reduction only applies when copy of latest state inspection receipt is filed on or before February 1 of each year.