A vehicle's SPV is its worth based on similar sales in the Texas region. The Texas Legislature passed the law in 2009 to raise additional revenue to fund Texas schools. Black Book, the national guide that provides the values, uses an average wholesale used vehicle value based on Texas sales data.
Standard Presumptive Value - TxDMV.GOV
Standard presumptive value (SPV) is a value of a motor vehicle as determined by the Texas Department of Motor Vehicles (TxDMV), based on an appropriate regional guidebook of a nationally recognized motor vehicle value guide service.Values are based on the average sales price of private-party sales of used vehicles sold regionally.
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Texas Occupations Code §2301.358, Texas Transportation Code Chapter §503.003 and §728.002. Texas Administrative Code, Title 43, Chapter 215. Texas law allows a license holder to display or sell certain types of motor vehicles at shows and exhibitions if the license holder notifies the Motor Vehicle Division before the event takes place. No ...
Standard presumptive value (SPV) is used to calculate sales tax on private-party sales of all types of used motor vehicles purchased in Texas. It is also used to calculate use tax on motor vehicles brought into Texas that were purchased from a private-party out of state.
A Special Purpose Vehicle (SPV) is a separate legal entity created by an organization. The SPV is a distinct company with its own assets. Types of Assets Common types of assets include: current, non-current, physical, intangible, operating and non-operating. Correctly identifying and classifying assets is critical to the survival of a company ...
The Texas Legislature passed the law to ensure all Texans pay their fair share of vehicle sales taxes. You can preview the full Standard Presumptive Value (100%) of a used vehicle by entering the vehicle identification number (VIN) and odometer reading (not needed for motorcycles) by clicking on the button below:
sumptive Value (SPV) procedures. See Texas Tax Code Section 152.0412, Standard Presumptive Value; Use By Tax Assessor-Collector, and Rule 3.79, Standard Presumptive Value. A motor vehicle excluded from SPV is subject to tax based on its appraised value, as provided by Rule 3.80, Motor Vehicles Transferred as a Gift or for No Consideration. Who ...