Multiple websites show that.
For AFVs registered prior to Jan. 1, 2022:
The vehicle license tax (VLT) for an AFV has a rate of $4 per $100 of assessed valuation, which is determined by the following: For the first year, the assessed value is 1% of the factory list price (MSRP) of the AFV. For subsequent years, the assessed value depreciates 15% each year. The minimum VLT for an AFV registration is $5.
For AFVs registered between Jan. 1 and Dec. 31, 2022:
The vehicle license tax (VLT) for an AFV has a rate of $4 per $100 of assessed valuation, which is determined by the following: For the first year, the assessed value is 20% of the factory list price (MSRP) of the AFV. For subsequent years, the assessed value depreciates 15% each year. The minimum VLT for an AFV registration is $5.
For AFVs registered after Dec. 31, 2022:
The vehicle license tax (VLT) for an AFV will be calculated using the same formula used for traditional cars and trucks. The VLT has a rate of $2.80 per $100 of assessed valuation, which is determined by the following:
- For the first year, the assessed value is 60% of the factory list price (MSRP) of the AFV.
- For subsequent years, the assessed value depreciates 16.25% each year and the VLT has a rate of $2.89 per $100.
- The minimum VLT for registration is $10.
Reduced Alternative Fuel Vehicle (AFV) License Tax
The vehicle license tax for an AFV registered in Arizona is $4 for every $100 in assessed value. The minimum amount of the annual AFV license tax is $5. AFV assessed values are determined as follows:
- AFVs registered prior to January 1, 2022: 1% of the manufacturer’s suggested retail price (MSRP)
- AFVs initially registered between January 1, 2022 and December 31, 2022: 20% of the MSRP.