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Due to flooding, the Everett Driver Licensing Services Office is closed. It'll reopen for business on June 11. In the meantime, customers are encouraged to access our online services or visit these nearby offices: Smokey Point, Lynnwood, and Shoreline.

Regional Transit Authority (RTA) Motor Vehicle Excise Tax (MVET) depreciation schedule

Here are the depreciation tables Sound Transit ( uses for RTA.

Depreciation Curve

Taxable value is based on vehicles age (year of service) and a base value established by the vehicle Manufacturer’s Suggested Retail Price (MSRP) for passenger vehicles, motorcycles, light-duty trucks (scale weight of 6,000 pounds or less) and small trailers.

For passenger vehicles, motorcycles, light-duty trucks, and small trailers: Take the vehicle’s MSRP, find the Year of Service (current calendar year - model year + 1 year = year of service) in this chart, and apply the corresponding percentage.

Year of Service Percentage
1 100%
2 95%
3 89%
4 83%
5 74%
6 65%
7 57%
8 48%
9 40%
10 31%
11 22%
12 14%
13 or older 10%

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