Voters in the Regional Transit Authority (RTA) region, the urban areas of Snohomish, King and Pierce Counties, approved transit tax ST3 on November 8, 2016, increasing the Sound Transit RTA rate to 1.1 percent until 2028.
Sound Transit RTA Motor Vehicle Excise Tax (MVET) Overview
MVET is not a state tax. It is a local, voter approved tax used to pay for projects to expand mass transit and reduce traffic congestion in the central Puget Sound area.
The Department of Licensing (or it's subagents) collects the Sound Transit RTA MVET under contract with Sound Transit and does not have the authority to change the way it is collected.
MVET is collected when a vehicle is licensed or tabs are renewed.
The value of a vehicle for MVET purposes is not the same as "fair market value" or the actual purchase price of a vehicle. The formula used can result in values higher or lower than what the owner might expect to receive if offering the vehicle for sale,
The MVET rate is 1.1 percent, or $110 per $10,00 of assessed vehicle value.
Additional information can be found using the following links: