How Much To Register A Car In Ky
In a memorandum sent earlier this calendar week, Kentucky's Office of Property Valuation estimated the value of motor vehicles will go up more than 40% in 2022. This volition probable affect driver renewing registration.

COVINGTON, Ky. — Kentuckians may be in for a chip of sticker shock while renewing their car registration this yr.
In a memorandum sent earlier this week, Kentucky's Office of Holding Valuation estimated the value of motor vehicles will go up more than 40% in 2022 — an increase people will likely notice while renewing their registration.
Kenton County Clerk Gabrielle Summe said some of the consequence is supply and need. New vehicle production has decreased due in function to a shortage of necessary computer chips, resulting in months of price hikes.
WCPO 9's John Matarese spoke Wednesday with Tri-State resident Pat Ormond, who got an offer to trade in his 2019 minivan for $7,000 more than than the purchase price. Kelly Bluish Book says used car prices rose more than 25% in 2021 due to a shortage of new cars. The average used vehicle is at present worth a record $29,000, upwardly from $27,000 over the summer.
While a vehicle'due south value might take increased seemingly overnight, drivers tin can await to fork over more for belongings taxes.
"I was really surprised when I mailed in my new sticker for 2022 what the increase was," said Al Taylor of Covington.
Taylor bought a 2021 Honda Passport concluding June. He was expecting to pay roughly $400 to renew his SUV's registration.
"Mine was almost $650," Taylor said. "That'due south an every year deal in Kentucky."
Taylor said he understands why there'southward an increment in what he'southward paying, but that doesn't alleviate the frustration.
"In society to proceed driving your automobile, yous have to pay that large tab," Taylor said. "It'south non good — not proficient."
This week, land legislators introduced a proposal aimed at putting some money back in the pockets of Kentuckians. Firm Bill half-dozen would require the "standard value" of motor vehicles to be the boilerplate merchandise-in value.
Currently, the state uses a rough, or clean trade-in value, to appraise how much a motor vehicle owner will owe for renewing registration.
The proposed bill would also give tax refunds to vehicle owners who have paid more than in taxes than the average trade-in value.
Local canton clerks say people who call up they are overpaying tin appeal the process by going to their county's property valuation administration.
READ More
Wild used car market: Man offered $7,000 profit on his minivan
Trade-in madness: Human being gets original cost for 2-year-sometime car
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How Much To Register A Car In Ky,
Source: https://www.wcpo.com/news/state/state-kentucky/rising-vehicle-value-could-cost-kentucky-residents-more-to-renew-registration
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