Motor Vehicle Tax Rate

I — Automobile

Taxable value ( MOP)	Correspondent tax rate	Average tax rate
Up to 100,000	---	30%
From 100,000 to 200,000	40%	35%
From 200,000 to 300,000	65%	45%
From 300,000 to 500,000	70%	55%
Over 500,000	---	55%

II — Motorcycle

Taxable value ( MOP)	Correspondent tax rate	Average tax rate
Up to 15,000	---	10%
From 15,000 to 25,000	35%	20%
From 25,000 to 40,000	40%	30%
Over 40,000	---	30%