Page 30

Vehicles used for household transportation are exempt, regardless of value, licensing status, or condition. The caseworker and the client must assign a scrap or junk value for inoperable vehicles that are not used for transportation. The book value assigned by the system must not be used for these vehicles. 2615.60.10.05

NON-EXEMPT VEHICLES (S)

All licensed vehicles not exempted for a reason in Section 2615.60.10 shall individually be evaluated for fair market value. See Section 2605.25.05 for instructions in determining the fair market value of vehicles.

All non-exempt licensed vehicles which are not used for transportation shall be assigned both a fair market value in excess of $4650 and an equity value. Equity value is fair market value (FMV) minus any liens. The greater of the two amounts is counted as a resource. 2615.60.10.10

UNLICENSED VEHICLES (S)

An unlicensed vehicle which is not exempt is to be evaluated for equity value. The equity value is counted toward the AG's resource level. 2615.60.15 TREATMENT OF VEHICLES (C)

Each AG is allowed an exclusion of $10,000 of the equity in one vehicle until 6/30/2022. (f15) Equity is the vehicle's fair market value less any liens.

If more than one vehicle is owned, the equity in each vehicle is to be determined. Since the $10,000 disregard can be applied to only one vehicle, it is to be applied to the vehicle with the highest equity value. No amount is excluded from the equity value of the remaining vehicle even if the value of the first vehicle is less than the $10,000 disregard.

Effective 7/1/2022, each AG will be allowed an exclusion of $20,000 of total equity value in motor vehicles that belong to one or more members of a child’s family. 2615.60.25 RECREATIONAL VEHICLES AND EQUIPMENT

Recreational vehicles such as campers, trailers, and boats must be counted according to their current equity value.

If the recreational or other vehicle serves as the AG's home, it should be evaluated according to the guidelines in Sections 2620.15.05 and 2620.15.10. 2615.65.00 NON-RECURRING LUMP SUM PAYMENTS