ATLANTA (WAOK)-After years of complaints about having to pay the state a hefty tax each year to renew your car registration, this year state lawmakers finally voted to end the ad valorem tax….kind of. The tax will no longer have to be paid by people buying new or used cars after March 1, 2013 but auto buyers will have to pay a one time title tax that will be between 6 and a half and seven percent of the cost of the car. The title tax will not be allowed as a tax deduction, as the ad valorem tax is.
If you buy a new or used car this year you have the option to pay the one time title tax or pay the birthday tax. People who choose to keep the cars they have now will have to continue to pay the tax as long as you own your current car.
Georgia is one of only three states in the nation that charge ad valorem tax on cars.
Governor Nathan Deal still has to sign the new title tax into law.