Section 555-RICR-00-00-1.3 - MethodologyA. All motor vehicles identified as the 2022 model year shall be valued based upon one hundred percent (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 one hundred percent (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 one hundred percent (100%) of their clean retail value as reported by the National Automobile Dealers Association (NADA) Official Older Used Car Guide and one hundred percent (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 (2) 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 five hundred dollars ($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 one hundred percent (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 one hundred percent (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 2020.555 R.I. Code R. 555-RICR-00-00-1.3
Amended effective 1/18/2018
Amended effective 1/13/2021
Amended effective 2/17/2022