TAVT Calculator
TAVT:
Formula: TAVT = Vehicle Value × (Tax Rate / 100)
TAVT Calculator | ||
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Parameter | Description | Example Value |
Fair Market Value | The fair market value of the vehicle. | $20,000 |
TAVT Rate | The title ad valorem tax rate. | 7% |
TAVT | The title ad valorem tax. Formula: Fair Market Value * TAVT Rate |
$1,400 |