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 if the vehicle serves a special purpose.
The additional registration fee for luxury vehicles does not apply to passenger vehicles used as: