I did some digging..here ya go.
The ownership tax rate is based on the age of the vehicle from the date of manufacture. The ownership tax is calculated by multiplying the taxable value by the tax rate. (See Example #2 below)
Vehicle AgeTax Rate1st year2.10%2nd year1.50%3rd year1.20%4th year0.90%5th-9th year0.45%10th year and olderFlat fee of $3.00
Thats the % of charge based on the vehicles original value.
joe