TANF, SNAP, Children on TP 32 and Children on TP 56
Determine the FMV of licensed vehicles using the average wholesale value listed in the Vehicles Registered at Address report on the Data Broker Combined Report. After the vehicle value is verified, it does not have to be re-verified unless resources are close to the resource limit and a change in the vehicle value results in a change in eligibility status. Note: If the household claims the listed value does not apply because the vehicle is in less-than-average condition, the household must provide proof of the true value from a reliable source, such as a bank loan officer or a local licensed car dealer.
The basic value of a vehicle is not increased because of low mileage, optional equipment or special equipment for a person with a disability.
The household's estimate of the value of vehicles no longer listed in the Data Broker System should be accepted unless it is questionable and would affect the household's eligibility. In this case, the household must provide an appraisal from a licensed car dealer or other evidence of the vehicle's, such as a tax assessment or a newspaper advertisement indicating the sale value of similar vehicles.
Determine the value of new vehicles not listed on the Data Broker Combined Report by asking the household to provide an estimate of the average wholesale value from a new car dealer or bank loan officer. If this cannot be done, the person’s estimate should be accepted unless it is questionable and would affect eligibility. The vehicle’s loan value should be used only if other sources are unavailable. Household’s must provide proof of the value of licensed antiques and custom made or classic vehicles if an accurate appraisal cannot be made.