555-RICR — Vehicle Value Commission

Chapter 00

Subchapter 00

555-RICR-00-00-1 Methodology For Determining the Presumptive Value of Motor Vehicles Subject To Excise Tax of December 31, 2021

555-RICR-00-00-1 Methodology For Determining the Presumptive Value of Motor Vehicles Subject To Excise Tax of December 31, 2021

555-RICR-00-00-1
TITLE 555 - RHODE ISLAND 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, 2021.
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, 2021 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 2022 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 2015 model year up to and including the 2021
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 2008 model year up to and including the 2014
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 2022. In the event of a conflict
between the two guides above, the former shall prevail.

D. All motor vehicles identified as the 2007 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 2008 model year up to and including the 2021
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 2022.
F. All motor vehicles identified as the 2008 model year up to and including the 2021
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 2022.
G. All motorcycles identified as 2008 model year up to and including the 2021 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 2022.
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 2020.
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 affect, impair, or invalidate any remaining
sections, terms or provisions, which shall remain in full force and effect.

555-RICR-00-00-1
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, 2021
Type of Filing: Repeal
Agency Signature
_________________________________________________________________
Agency Head Signature Agency Signing Date
Department of State
____________________________
Regulation Effective Date
_________________________________________________________________
Department of State Initials Department of State Date

History

• Amendment — effective from 2022-02-17 to 03/16/2023
• Periodic Refile — effective from 2022-01-04 to 02/17/2022
• Amendment — effective from 2021-01-13 to 01/04/2022
• Technical Revision — effective from 2019-12-26 to 01/13/2021
• Amendment — effective from 2019-12-26 to 12/26/2019
• Amendment — effective from 2019-01-18 to 12/26/2019
• Technical Revision — effective from 2018-01-01 to 01/18/2019
• Amendment — effective from 2018-01-01 to 01/01/2018
• Adoption — effective from 2017-01-01 to 01/01/2018
• Amendment — effective from 2016-01-07 to 01/01/2017
• Adoption — effective from 2015-01-11 to 01/07/2016
• Adoption — effective from 2014-01-19 to 01/11/2015
• Amendment — effective from 2013-01-09 to 01/19/2014
• Amendment — effective from 2012-01-29 to 01/09/2013
• Amendment — effective from 2011-01-03 to 01/29/2012
• Technical Revision — effective from 2010-01-01 to 01/03/2011
• Amendment — effective from 2010-01-01 to 01/01/2010
• Adoption — effective from 2009-01-01 to 01/01/2010
• Adoption — effective from 2008-01-01 to 01/01/2009
• Adoption — effective from 2006-12-07 to 01/01/2008
• Adoption — effective from 2006-01-03 to 12/07/2006
• Adoption — effective from 2006-01-03 to 01/03/2006
• Amendment — effective from 2004-05-24 to 01/03/2006
• Amendment — effective from 2003-05-15 to 05/24/2004
• Adoption — effective from 2002-02-14 to 05/15/2003