Forum Discussion
- IvylogExplorer IIIDown the A is close. After paying 6.7% on a motor vehicle you only pay a $12-20 tag fee each year. It might be worth trading in your old car on something newer (once you become a GA resident) as NORMALLY you only pay sales tax on the difference in value... not sure about this new 6.7% tax law. This does NOT apply to trailers (still have to pay annual tax) BUT if you buy a used one from an individual there is no GA sales tax.
At age 62 the first $32K of income is GA income tax free (6% normally) per person. At age 65 it increases to $65K although the original law had it increasing to unlimited but they stopped it a $65K two years ago.
GA property taxes are fairly reasonable but differ by each counties millage rate. Counties around Atlanta are close to $40/thousand while some outside of ATl have only $15 to $20/thousand. Once you know a counties millage rate, you only use it on the 40% value to determine the tax amount, you do not use the 100% value... do not know why on only 40% ??? In most counties the homestead exemption is fairly small ($5K) although some have gone to $25K.
You have to be a Georgia veteran (enlisted in GA) to get a free driver's licence. I do not believe tags are free for Ga veterans as I rarely miss a tax loop hole but I'm going to call this morning to make sure. If I've missed this one I'm going to be really upset with myself.:M or is it :S
DANG... I could have been getting two free tags as a Ga veteran during war time. Also any veteran after living in GA for two years and serving during war time can get a free driver's license. For more detailed info click here. - rockhillmanorExplorer IIWhen I decided to buy property in Georgia.......when I found out what it would cost to register my personal vehicle, MH and Toad?
I BEAT FEET out of Georgia as fast as I could!!:B
You pay for plates based on the VALUE of each vehicle every year. It would have cost me over $3,000 a year for license plates.
Maybe if you are a veteran, disabled, or over 65 this does not apply.
I am under 65 years old and for me the cost to register my vehicles was cost prohibited. And God forbid if I decided to buy that new DP I wanted the cost per year to register would have been even more money!
DO check out the cost of registration before you leap. - C-BearsExplorer
DownTheAvenue wrote:
I have been a Georgia resident for many years. For retirees, they do not collect state income tax on retirement income. Once you pay a "title tax" of 7% (I think) of value, you only pay a license fee of about $20 annually to register vehicles. Veterans do not pay for a drivers license or to register their vehicles. No vehicle inspection. Only smog checks in metro Atlanta. Drivers license renewal every 5 years must be in person.
Wow! And I thought Illinois was pretty good with their registration fees and no tax on retirement income. Georgia has them beat hands down!
My brother-in-law and his family just purchased property in Georgia. We may have to investigate changing our address.
The only thing we would have to investigate would be insurance considerations. - DownTheAvenueExplorerI have been a Georgia resident for many years. For retirees, they do not collect state income tax on retirement income. Once you pay a "title tax" of 7% (I think) of value, you only pay a license fee of about $20 annually to register vehicles. Veterans do not pay for a drivers license or to register their vehicles. No vehicle inspection. Only smog checks in metro Atlanta. Drivers license renewal every 5 years must be in person.
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