No, it is not
deductible For vehicles purchased in (or transferred to) Georgia in 2012
and after, there is a title tax. It is assessed at the time of purchase
on a one time basis. According to the IRS "Deductible personal
property taxes are those based only on the value of personal property such as a
boat or car. The tax must be charged to you on a
yearly basis, even if it's collected more than once a year or less than
once a year." Therefore, it is not deductible as a state or local
property tax.
If a vehicle is used
for business, the title tax should be added to the cost basis like a sales
tax.
For vehicles
purchased in (or transferred to) Georgia prior to 2012 there is still an
ad valorem tax assessed annually and based on the value of the vehicle.
This ad valorem tax is deductible each year.
