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Motor vehicles are subject to ad valorem tax as well. Recent legislation (March 1 2013) changed the taxation for newly purchased vehicles from an annual tax (sometimes called the “birthday tax”) to state and local title ad valorem tax, or TAVT. . Motor Vehilce Information
The document required as proof of transfer of tax liability is generally called an "Acknowledgment and Receipt of Settlement Statement." This document may state that the tax was prorated based on the estimated amounts prior to the release or receipt of the actual tax statement. It may also indicate who is responsible for any outstanding tax not paid at closing. The tax commissioner does not prorate tax between buyer and seller. This should be handled at the closing as well.
If the tax for the year in which the property was purchased goes unpaid, a tax lien is issued against the property. The law requires that a FIFA (tax lien) is to be recorded in the owner’s name as of January 1 unless proof is provided of the sale of the property (warranty deed) and proof of the transfer of the taxliability (closing papers or contract) within 90 days of the tax payment due date.
The tax commissioner does not prorate tax between buyer and seller. This should be handled at the closing as well. Even if tax is prorated at closing, it is wise to confirm it has been paid. If you have an escrow account, make sure that your mortgage company has paid the tax. You may find this information by access your statement online.
If this property is your primary residence, you may apply for a homestead exemption. You must own and occupy your property on January 1 of the tax year to receive the exemption.
You also may visit the main office at:2875 Browns Bridge RoadGainesville, GA 30503