002.01(E)(iii) DETERMINING THE VALUE OF NON-EXCLUDED LICENSED VEHICLES.

Each vehicle which cannot be excluded will be assigned a fair market value. The fair market value of a vehicle is the average trade-in value as determined by Kelley Blue book. The basic value of a vehicle will not be increased by adding value for low mileage, optional equipment, or special equipment for people with disabilities, etc. For vehicles which are in less than average condition, as indicated by the household, the household will be given the opportunity to get verification of the true value from a reliable source. For vehicles not listed in the Kelley Blue Book, the household’s estimate of the fair market value is accepted unless: (a) The declared value is questionable; and (b) The estimate will affect the household’s eligibility. (i) In these cases, the household must obtain an appraisal or produce other evidence of the vehicle’s value, such as a tax assessment or newspaper advertisement listing the price of similar vehicles.