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Page | 181 Type of Vehicle Status Licensed Vehicle is Primary Vehicle Totally Exempt Licensed Vehicle is Income Producing Totally Exempt Licensed Vehicle is Used for Disabled Individual Totally Exempt Vehicle is Used as a Home Totally Exempt Licensed Vehicle is Used to Carry Water or Primary Source of Heating Fuel for Home Use Totally Exempt if no piped in water or fuel for heat Type of Vehicle Status Licensed Vehicle if the sale of vehicle would produce less than $1500 or less Totally Exempt Licensed Vehicle is for Each Adult Household Member Count Fair Market Value in Excess of $4650 - Exclude Equity Value Licensed Vehicle is Used by Household Member Under 18 for Work or Education Preparatory for Work Count Fair Market Value in Excess of $4650 - Exclude Equity Value Other Licensed Vehicles, including Recreational Vehicles Consider Greater of Fair Market Value Over $4650 or Equity Value Unlicensed Vehicles, including Recreational Vehicles - If Not Used as Home Count Equity Value – No Fair Market Value SSI or TANF Individual – Categorical Eligible Household Totally Exempt The fair market value of licensed automobiles, trucks, vans, and recreational vehicles will be determined by the average trade-in value or the wholesale value as listed by JD Power and Associates.  If the household indicates that the value the Specialists determines is inappropriate because the vehicle is in less than average condition, for reasons such as body damage or inoperability, the household may provide verification of the true value from a reliable source.

 Never should the basic value of the vehicle be increased by the Specialist because of factors such as low mileage or optional equipment.

 Households must be asked to acquire verification of the value of licensed antique, custom made, or classic vehicles, if the Specialist is unable to make an accurate appraisal.

 Vehicles that are specially equipped with apparatus for the physically disabled, a JD Power and Associates value will be assigned as if the vehicle were not so equipped.

For vehicles without a listed average trade-in value, Specialists should use the low retail value or a percentage of low retail value in place of trade-in value. The household's estimate of the value of automobiles no longer reported on JD Power & Associates, is to be used unless the Specialist has reason to believe the estimate is incorrect.

 If the vehicle's value would affect the household's eligibility, the household is required to obtain an appraisal or provide other evidence of its value, such as a tax assessment or a newspaper advertisement indicating the amount at which like vehicles are being sold.

Note: Specialists do not need to determine the value of a vehicle if it is exempt, not questionable, and/or the household is not near the resource limit.