Thursday, August 28, 2014

Vehicle Owners To Save Money September 1

Floridians will save approximately $17 to $25 when renewing their vehicle registrations starting September 1, depending on the size of vehicle. The fee reductions were proposed by Florida Governor Scott earlier this year as part of the It’s Your Money Tax Cut Budget, and were approved by the Florida Legislature during the 2014 legislative session. 

While the reductions will save Floridians millions of dollars each year, it will not affect the level of service provided by the Department of Highway Safety and Motor Vehicles, said the Governor's office.

Governor Scott said, “This year, we set out to cut many taxes and fees on Florida families, and starting next week we are rolling back many of the 2009 tax increases on annual motor vehicle registrations. This fee cut will result in an annual savings of about $25 per typical motor vehicle. Families deserve to keep more of their hard earned money, and we will now be able to save Floridians $400 million, because it’s their money!”

“The reduction in vehicle registration fees will benefit both individuals, as well as the Florida business community,” said DHSMV Executive Director Terry L. Rhodes. “There are more than 14 million registered vehicles here in Florida that are covered by these fee reductions and that is a lot of savings for the people of Florida.”

The following are examples of the savings on vehicle registration fees as a result of the reductions:

Type of Vehicle Reduction

Motorcycles $17.05

Autos/Trucks under 2,500 lbs $18.55

Autos/Trucks between 2,500-3,500 lbs $21.55

Autos/Truck more than 3,500 lbs $25.05

The reductions will apply to vehicle registrations renewed on or after September 1, 2014.

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