If you live in a state where you pay property taxes on your vehicles, then the "property tax value" will be listed on your vehicle registration renewal and property tax form.
I bet this is being requested by a State program, isn’t it?
If so, why they are wanting this info is because you have two (2) vehicles. 2 cars “owned” by 1 person usually is viewed as being over resourced in assets. Most State supported programs limit it to 1. So 2 Cars = over resourced & ineligible. But sometimes there are exceptions to this rule…. like you live rurally on wgat can be considered a farm or ranch and 1 vehicle is actually more a dedicated work vehicle and the other is a regular passenger car, so 2 is allowed.
So if they are asking for auto value is actually a good thing as what is likely being done is they are actually taking the time to see if 2 cars is ok and not immediately going 2 cars = ineligible. I bet its if the value of both cars combined is under the maximum value your State has for asset value on a vehicle, then you are ok to keep them both.
If you start to get push back on having 2 cars, what often can be the best way out is to sell the least dependable car and keep the other OR sell both and get a single new used more dependable car.
Also in addition to Kelley Blue book that Geaton mentioned, there is also Edmonds.com. Please make sure the condition of the vehicle is accurate for either as it can over value a car if not taken into account.
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If so, why they are wanting this info is because you have two (2) vehicles. 2 cars “owned” by 1 person usually is viewed as being over resourced in assets. Most State supported programs limit it to 1. So 2 Cars = over resourced & ineligible. But sometimes there are exceptions to this rule…. like you live rurally on wgat can be considered a farm or ranch and 1 vehicle is actually more a dedicated work vehicle and the other is a regular passenger car, so 2 is allowed.
So if they are asking for auto value is actually a good thing as what is likely being done is they are actually taking the time to see if 2 cars is ok and not immediately going 2 cars = ineligible. I bet its if the value of both cars combined is under the maximum value your State has for asset value on a vehicle, then you are ok to keep them both.
If you start to get push back on having 2 cars, what often can be the best way out is to sell the least dependable car and keep the other OR sell both and get a single new used more dependable car.
Also in addition to Kelley Blue book that Geaton mentioned, there is also Edmonds.com. Please make sure the condition of the vehicle is accurate for either as it can over value a car if not taken into account.