Normally, you’d expect to pay less each year for your car tag because most cars depreciate in value over time. But supply chain issues brought on by the pandemic slowed car manufacturing causing the price of used cars to skyrocket.
BIRMINGHAM, Ala. - If you’ve noticed that you’re paying a lot more to renew your car tags this year, you’re not alone.So, what’s behind the increase and will those prices be coming down anytime soon?
The standard fee for an Alabama license plate is $23 plus a small issuing fee, but the part that’s driving up the price of your car tag is the market value of your vehicle—the newer the model, the more you’ll pay.Normally, you’d expect to pay less each year for your car tag because most cars depreciate in value over time.
But supply chain issues brought on by the pandemic slowed car manufacturing causing the price of used cars to skyrocket.Tom Dart with the Automobile Dealers Association of Alabama said your city’s ad valorem tax hinges on the fair and reasonable market value of a vehicle, which is only updated once a year.
“The way it works, on October 1, so the October 1 of 2022, the Alabama Department of Revenue takes a snapshot of the value of every vehicle in the state, and then that amount is used for the following year for that component of the car tags,” Dart explained. “So, and of course with COVID, and the big supply shortages that everybody is seeing with motor vehicles, the price of used cars shot up. This is the unusual situation now where it is affecting car tags,” he said.So, car tag prices will likely remain high for at least the next several months until the department of revenue takes another snapshot in October.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Alabama State University Making Nationwide History - Alabama NewsHonda's Battle of the Bands is one of the nation's largest university based musical gatherings.
続きを読む »
MARCH MADNESS: Alabama Headlines Early List of Top Tournament Seeds - Alabama NewsThe committee that will select the field of 68 for the men's NCAA basketball tournament revealed its preliminary list of top teams Saturday, with Alabama taking the top spot. alabamabasketball alabamacrimsontide alabamanewsnetwork
続きを読む »
Archibald: Alabama torturing these inmates should shock us (and why it doesn’t)Columnist JohnArchibald on the deaths of Tommy Lee Rutledge, 44, in 2020, and Anthony Mitchell, 33, last month, in Alabama lockups: 'One inmate was baked. As if in an oven... Another inmate was frozen to death. Apparently stored like meat in a freezer.'
続きを読む »
Why are Alabama car tag prices so high this year?Normally, you’d expect to pay less each year for your car tag because most cars depreciate in value over time. But supply chain issues brought on by the pandemic slowed car manufacturing causing the price of used cars to skyrocket.
続きを読む »
Why are Alabama car tag prices so high this year?Normally, you’d expect to pay less each year for your car tag because most cars depreciate in value over time. But supply chain issues brought on by the pandemic slowed car manufacturing causing the price of used cars to skyrocket.
続きを読む »
Tennessee National Guardsman Danny Randolph ID’d as second victim in Alabama helicopter crashChief Warrant Officer 3 Danny Randolph, of Murfreesboro, was a 13-year veteran of the Tennessee National Guard. Randolph and Chief Warrant Officer 3 Daniel Wadham were killed when their helicopter crashed Wednesday.
続きを読む »