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How is the value of a car determined for property tax purposes?

Merton Vance

Motor vehicles are valued by year, make and model, said Deanna Cochran, listing supervisor for the New Hanover County Tax Department

All 100 counties in North Carolina base tax values on data from TEC Data Systems, a private company that contracts with the state to track values for cars bought and sold in North Carolina.

Cars that are 25 years old or older are evaluated under a different set of guidelines than newer vehicles, Cochran said.

A vehicle value is assigned as of January 1 of the year the tax bill is due.

Taxpayers have 30 days after receiving a tax bill to appeal the valuation if they think it is inaccurate.

“On the older cars, that happens more often,” Cochran said.

Owners can submit documentation to prove that a vehicle has a lot of mileage, damage or other problems that would reduce its value.

“Or they can bring the vehicle in and we’ll look at it,” she said.

For more on the appeals process, visit the New Hanover County tax administration office website at


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One Response to “ How is the value of a car determined for property tax purposes?”

  1. On February 3, 2010 at 7:13 pm Robert wrote:

    Yes that is the standard answer, but why is the value of the vechile taxed so much higher that the real value. If the level of value offered is low, medium, high or perfect. All vechiles are tax as being perfect. Its just not right.

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