High Mileage Deduction

High Mileage Assessment Reduction
The 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.