Methodology For Determining the Presumptive Value of Motor Vehicles Subject To Excise Tax of December 31, 2018


555-RICR-00-00-1 ACTIVE RULE

1.1 Purpose

The purpose of the methodology is to determine the value of motor vehicles using information concerning the make, model, type and year of manufacture to be used in the determination of the excise taxes of December 31, 2018 assessed by each of the cities and towns in Rhode Island.

1.2 Authority

R.I. Gen. Laws § 44-34-11(c)(1) directs the Rhode Island Vehicle Value Commission to adopt by rule a methodology for determining the presumptive value of motor vehicles subject to the excise tax.

1.3 Methodology

A. All motor vehicles identified as the 2019 model year shall be valued based upon 100% of the manufacturer’s suggested retail price as reflected in official motor vehicle guides such as that of the National Automobile Dealers Association (NADA) for New England.

B. All motor vehicles identified as 2012 model year up to and including the 2018 model year shall be valued based upon 100% of their clean retail value as reported by the National Automobile Dealers Association (NADA) official used car guides.

C. All Motor vehicles identified as 2005 model year up to and including the 2011 model year shall be valued based upon 100% of their clean retail value as reported by the National Automobile Dealers Association (NADA) Official Older Used Car Guide and 100% of their low value as reported by the National Automobile Dealers Association (NADA) Classic, Collectible, Exotic and Muscle Car Appraisal Guide to be published in January 2019. In the event of a conflict between the two guides above, the former shall prevail.

D. All motor vehicles identified as the 2004 model year and older, whether or not the vehicle is an antique motor car as defined in R.I. Gen. Laws § 31-1-3(a) shall be deemed to possess an average retail value of $500.00.

E. All motor vehicles identified as the 2005 model year up to and including the 2018 model year that are classified as exotics, classic and or collectible shall be valued based upon 100% of their low retail value reported by the National Automobile Dealers Association (NADA) Classic, Collectible, Exotic and Muscle Car Appraisal Guide to be published in January 2019.

F. All motor vehicles identified as the 2005 model year up to and including the 2018 model year that are classified as recreation vehicles shall be valued based upon 100% of their used retail value as reported by the National Automobile Dealers Association (NADA) Recreation Vehicle Appraisal guide to be published in January 2019.

G. All motorcycles identified as 2005 model year up to and including the 2018 model year shall be valued based upon their average retail value as reported by the National Automobile Dealers Association (NADA) Motorcycle / Snowmobile / ATV / Personal Watercraft Appraisal Guide to be published in January of 2019.

H. Those communities whose fiscal years are other than July 1 to June 30, may for the purpose of complying with R.I. Gen. Laws § 44-34.1-1, Excise Tax Phase Out, use the methodology adopted by the Rhode Island Vehicle Value Commission Rule 2017.

1.4 Ratios of Assessment

Pursuant to R.I. Gen. Laws § 44-34-11(c)(1)(iii), all presumptive values as described in §§ 1.3(A) through (G) of this Part are to be adjusted by the applicable ratio of assessment as provided therein.

1.5 Severability

If any section, term, or provision of this Regulation should be adjudged invalid for any reason, that judgment should not effect, impair, or invalidate any remaining sections, terms or provisions, which shall remain in full force and effect.


Title 555 Vehicle Value Commission
Chapter 00 N/A
Subchapter 00 N/A
Part 1 Methodology For Determining the Presumptive Value of Motor Vehicles Subject To Excise Tax of December 31, 2018
Type of Filing Direct Final Amendment
Regulation Status Active
Effective 01/18/2019

Regulation Authority :

R.I. Gen. Laws § 44-34-11(c)(1)

Purpose and Reason :

The purpose of the proposed rule is to provide a methodology to determine the presumptive value of value of motor vehicles, using information concerning the make, model, type, and year of manufacture,  to be used in the determination of municipal excise taxes as of the December 31st for each of the 39 cities and towns in Rhode Island