*NEW: FILING DEADLINE* Beginning in 2021, your high mileage application/documentation must be submitted to the Commissioner by NO LATER THAN FEBRUARY 15 each yearfor current vehicles, and within 60 days of vehicle purchases occurring after February 15.
High mileage documentation must be dated before February 15th of the current tax year as the listed minimum mileage required for your vehicle each year must be reached prior to February 15th in order for the adjustment to be made for the current tax year.
If you do not meet the deadline for the current year, you may file for qualifying vehicles the following year.
Odometer photographs are NOT acceptable documentation.
The minimum mileage amounts change annually.
If a new vehicle is purchased after February 15, a high mileage application must be submitted within 60 days of the purchase date.
High mileage applications must be reapplied for annually. The actual amount of your vehicle's miles each year determines the amount of the deduction as the adjustment is not based solely on simply exceeding the minimum mileage for that year for that vehicle, but rather the adjustment is calculated using the exact amount of miles over the minimum per the provided annual documentation (e.g., 100 miles over versus 100,000 miles over) as per NADA (our source of vehicle valuation).
High mileage adjustments will only be made to the extent that the pricing guide chart allows and will never be more than 40% of the normal book value for that vehicle.