2-009.07B7a Determination of Fair Market Value

469 NAC 2-009.07B7a

For motor vehicles that are counted in the resource total, the worker uses the fair market value. Cars, trucks, SUVs, vans, motorcycles, recreational vehicles, motor boats and watercraft, and planes are included in the category of motor vehicles. To determine the fair market value of vehicles, the worker must use the trade-in value as shown in either the Kelley Blue Book or the National Auto Dealers Association (NADA) Used Car Guide. If the vehicle is not listed in the Kelley Blue Book or the NADA Used Car Guide, or if the client or the worker feels the value listed in the Guide is inappropriate or not a true valuation of the vehicle, the worker may:

1. Contact the county assessor's office for the assessed value;

2. Use the client's most recent vehicle tax statement; or

3. Have the client obtain the vehicle's value from used car dealers.