Year after year, one of the few certainties we have is that bills will arrive and need to be paid. Vehicle tax (IPVA) is one of them, so it's important to know how to check its value in 2023 to avoid accumulating debt.

Therefore, if you are a vehicle owner, it is essential to keep up with your taxes to avoid future problems. So, see below a complete guide on the 2023 IPVA (Vehicle Property Tax)!

Firstly, the Vehicle Property Tax (IPVA) is a mandatory tax for owners or possessors of motor vehicles throughout the national territory.

Furthermore, the tax will be calculated based on the vehicle's value for the current year, and is the responsibility of the tax authorities of each state.

However, it may vary depending on the tariff calculation, which will be available on the respective portal where the query is made.

In the state of São Paulo, for example, the 2023 IPVA (Vehicle Property Tax) will cost 10,77% more than in 2022. This could weigh heavily on the wallets of some unsuspecting owners.

Like all tax revenue, the state will reinvest the funds in public spending. In this sense, in the case of the IPVA (Vehicle Property Tax), by law 20% (twenty percent) of the amount collected will be allocated to FUNDEB (National Fund for the Development of Basic Education).

The remaining percentage will be split 50%. Half will go to the state and the other half to the municipality where the vehicle is registered.

Furthermore, the chambers of each state or municipality are responsible for allocating these funds to various public sectors. For example, the areas of health, education, public safety, and infrastructure.

The calculation of the 2023 IPVA (Vehicle Property Tax) value is primarily based on the vehicle's purchase and sale value at the end of the last fiscal year, which in this case is the end of the 2022 IPVA validity period.

Therefore, in order to arrive at absolute figures, extensive market research is conducted by a public institution throughout the country.

To this end, the Foundation Institute of Economic Research (FIPE) periodically publishes a table with the average prices for buying and selling new, nearly new, and used vehicles.

In the case of new or zero-mileage vehicles sold by manufacturers and authorized dealers, the value on the invoice is considered as the reference.

For imported vehicles, the tax amount is calculated based on the value stated in the customs clearance document.

Well, the IPVA (Vehicle Property Tax) is a tax stipulated by federal law, but collected by each state government. Therefore, each state finance department in Brazil and the Federal District will have its own portal for consultation and issuance.

A quick way to find the portal to access your 2023 IPVA (Vehicle Property Tax) and check the amount is to perform a quick search on internet search engines like Google.

Type “IPVA 2023” followed by your state. This will highlight the website of the state's tax authority. From there, simply access the site and provide the necessary information to perform the query.

To locate the tax and make your payment, you must use the RENAVAM code, which is found on the Vehicle Registration and Licensing Certificate – CRLV.

The IPVA (Vehicle Property Tax) can be paid at an authorized bank (teller window, ATM, internet banking, scheduled debit) or at lottery outlets located throughout the country.

In São Paulo, for the 2023 fiscal year, the option to pay by credit card is also available on the state treasury's website. You can pay in full or in installments.

The deadlines for payment, the due dates for the full amount of the IPVA (Vehicle Property Tax) or installments, will be determined by the type of vehicle and the last digit of the license plate.

All state departments responsible for collecting the tax will publish an official notice, and the due dates must be respected!

For new vehicles, the full amount of the IPVA (Vehicle Property Tax), or the first installment, must be paid within a maximum of 30 days from the date of issuance of the sales invoice to the consumer, without additional charges.

However, information regarding discounts applicable to full payment, or conditions for installment payments of the tax, may vary according to state publications.

Therefore, it is important to consult the website of your state's tax authority.

Well, those who don't need to pay the 2023 IPVA (Vehicle Property Tax) are vehicles belonging to public transport service concessionaires that are more than 15 years old, as well as vehicles with an engine capacity of less than 50 cc.

Furthermore, agricultural machinery, taxis driven by self-employed drivers, vehicles belonging to embassies or consular representations and their career diplomatic staff are also exempt.

Vehicles belonging to the Federal Government, the States, the Federal District, and the Municipalities are also exempt from the 2023 IPVA (Vehicle Property Tax).

Vehicles registered with political parties, public foundations, trade unions, and educational institutions such as public schools and universities are exempt. Non-profit social assistance organizations and religious organizations are also exempt.

Despite the conditions you've already seen above, the rule that applies exemptions after a certain number of years from the vehicle's manufacture date may also vary depending on the state where you are checking. See below:

Besides knowing how to check and pay your 2023 IPVA (Vehicle Property Tax), another essential service is car insurance. In this regard, the Assurant insurance company can help you with affordable insurance options. See below how to purchase one and protect yourself!