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Old 01-22-2021, 01:01 PM
 
3 posts, read 798 times
Reputation: 10

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Would anyone know how the DMV vehicle appraisal amount is calculated. I am titiling a 68 VW Beetle Sedan hard top which had been off the road a number of years it has rust and had body work done from an accident so it is only in fair condition. The DMV directed me to contact the tax assessor and they were unable to provide an amount. According to the Tax Assessor this information is provided to them by Tax Equity Consultants. I have another car a 67 which is a different make which is titled and the appraisal amount is $2,000 less than the amount listed on Hagerty. Did not know if this is a similar pattern for other older vehicles.
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Old 01-22-2021, 02:29 PM
 
3,292 posts, read 3,107,485 times
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This really doesn't answer your question, but several years ago I had a 67 Healey that I insured via a stated value policy. My agent and I decided how much it was worth by taking picture of it for insurance files. The property tax assessor had it valued at a higher value than my insurance policy. I sent a copy of the stated value insurance and the assessor lowered the tax value accordingly.

Apparently the few miles it was driven each year and antique status allowed us to set the value and it carried some weight with the tax assessor.
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Old 01-22-2021, 03:54 PM
 
36 posts, read 7,600 times
Reputation: 40
If you disagree with the valuation, you can appeal it and provide evidence to support your request for a lower valuation.
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