Property taxes on some Alabama vehicles rise - WTVM.com-Columbus, GA News Weather & Sports

Property taxes on some Alabama vehicles rise

MOBILE, Ala. (AP) - Some Alabama motorists renewing their license plates are finding they are paying more property tax than a year ago because some models are appreciating in value rather than depreciating.

The director of the state Revenue Department's Property Tax Division, Bill Bass, says historically car valuations have declined each year, but the demand for some types of used vehicles has caused their prices to increase. He said it's mostly bigger vehicles, including pickups and SUVs.

The valuation of vehicles for taxes is determined by Penton Publishing, which produces the Automobile Red Book. Bass says the Revenue Department has been using the company's vehicle values for more than a decade.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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