Politics & Government
Auto Dealership Proposed For Oconee County Won't Generate Big Tax Gains
The title ad valorem tax the purchaser of an automobile pays goes to the county where the purchaser lives.
Because of the way Georgia tax laws are written, Oconee County will gain only modest amounts of revenue from the auto dealerships proposed for SR 316 at Virgil Langford Road that will be the subject of a rezone hearing before the Board of Commissioners on Tuesday night.
The three key pieces or property that are at the center of the rezone are currently assessed at $648,682, and their value will certainly go up if the rezone for commercial use is approved.
That will result in an increase in property taxes for the county’s government and schools.
State law dictates, however, that the title ad valorem tax the purchaser of an automobile pays goes to the county where the purchaser lives, not to the county where the sale is made.
State law also excludes from taxation the new and used car inventory held by the dealerships.
Services, such as repair of autos, also are exempt from state sales tax.
For more on the story, go to Oconee County Observations.
Pictured: Representative pictures of dealerships from rezone narrative.