Hope this is in the right spot...ive tried looking for a duplicate thread but didnt see anything. so sorry if there is, just delete this one.

Ga passed something (dontknowthepropername) that basically gets rid of the yearly ad velorem tax every year, and makes you pay a percentage the current market value on what ever vehicle you are registering after march 1 2013.

Ive been reading on this since i decided to sell my truck.. has anyone had to deal with this?
Main question is Do they actually tax the market value or what you paid for it?
And secondly how do they come up with said value they are taxing?

Hope thats not confusing.