§ 4.18.098. Schedule of depreciation for tax on sale of vehicle.

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(a) Except as provided in subsection (b) of this section, for the purpose of computing the tax on the sale of a vehicle by a seller who is not required to be registered with the department in the manner provided for in subsection (f) of 4.18.097 of this article, a vehicle must be depreciated according to the following schedule:

Age	Percentage of Initial Value
New	100
1 year	85
2 years	75
3 years	65
4 years	60
5 years	55
6 years	50
7 years	45
8 years	40
9 years	35
10 years	30
11 years	25
12 years	20
13 years	15
14 years or more	10

(b)

The amount of depreciation calculated under subsection (a) of this section must be rounded to the nearest whole multiple of twenty dollars and the depreciated value must not be reduced below one hundred dollars.

(Ord. 1011 § 1 (part), 1987)

                    
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