Automobiles: Imported vehicles are often subject to ad valorem tariffs to support domestic car manufacturers. For example, a 10% tariff on a car valued at $30,000 would add $3,000 to the cost.
The tariffs, which the U.S. will start collecting on April 3, are likely to drive up car prices domestically, dealers warn.
Some experts point out that the price of a new car will increase from 3 thousand to 4 thousand dollars minimum due to tariffs ...
Local governments utilize ad valorem tax revenue. Among Mississippi’s bordering neighbors, only Tennessee excluded ad valorem taxes in its car tag fees. Other taxes on property are more moderate ...