Purpose

16 GCA § 25101, under Vehicle Transfer Tax.

16 GCA § 25101

The purpose of this Chapter is to establish a fair, transparent, and administratively efficient method for taxing the transfer of vehicle titles in Guam. This Chapter ensures taxation is based on the actual value of a vehicle as stated in a notarized Bill of Sale, rather than an arbitrary or estimated valuation such as an appraisal or blue book value.