Vehicle Assessments for 2023

Due to various factors, values for many vehicles in 2023 are higher than previous years. This rise in vehicle value is due to increased demand or diminished supply for a particular vehicle model, vehicle type, and other factors affecting vehicle sales, such as government or manufacturer incentives. Global economic disruptions continue to cause market volatility impacting the prices of new and used vehicles. As a result, the values of some categories of vehicles are greater in 2023 than they were in 2022. Although vehicles typically lose value over time due to the increased mileage and wear and tear; some owners may see these higher values reflected on their 2023 personal property tax bills.

2023 Personal Property taxes are assessed at 100% of the value according to the JD Power (NADA) pricing guide.