Regional Transit Authority (RTA) Motor Vehicle Excise Tax (MVET) depreciation schedule
Here are the depreciation tables Sound Transit (www.soundtransit.org) 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), 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% |
Related information
- Regional Transit Authority (RTA) tax
- Sound Transit website (www.soundtransit.org)
- Estimate your Regional Transit Authority excise tax
- Is your address inside the RTA? (www.soundtransit.org)
