§ 48-5C-1. Definitions; Exemption From Taxation; Allocation and Disbursement of Proceeds Collected by Tag Agents; Fair Market Value of Vehicle Appealable; Report

As used in this Code section, the term: “Fair market value of the motor vehicle” means: For a used motor vehicle purchased from a new or used car dealer other than under a seller financed sale arrangement, the retail selling price of the motor vehicle, less any reduction for the trade-in value of another motor […]