If you own a luxury vehicle, you must pay an additional registration fee when you first register your vehicle, and again each year when you renew your vehicle registration.
A passenger vehicle or light truck is considered a luxury vehicle if:
The additional annual registration fee equals 1% of the vehicle's value exceeding $40,000.
You may be exempt from paying the additional registration fee for a luxury vehicle, depending on the vehicle’s engine type or use. Passenger vehicles serving a special purpose are not subject to the additional registration fee. Here are the main types of vehicles to which the exemption applies: