How is the cost of a license plate computed?

The VIN or Vehicle Identification Number from your vehicle is entered into the state/county computer, which pulls a value acquired by the State Tax Commission from R. L. Polk Black Book, a supplier of the Manufacture's Suggested Retail Price (MSRP). This amount is multiplied times the millage rate for the area in which you reside, less the tag credit you receive in Mississippi when you purchase or renew your plate on time, plus any penalty if applicable.

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1. How long do I have to purchase a license plate for a new or used vehicle purchased from a dealer before penalty applies?
2. How do I get a credit slip for my license plate if I sell my vehicle?
3. How do I title my vehicle if I am a new resident?
4. How do I transfer my title between individuals?
5. Will the same criteria apply to a vehicle bought and sold between individuals?
6. How is the cost of a license plate computed?
7. What is Use / Tax and when do I pay it?
8. What is the greatest amount of penalty you may receive on the purchase or renewal of a license plate?
9. What is Legislative Tag Credit?
10. If I move to Mississippi, how long do I have to purchase a license plate?
11. When is the renewal due on my license plate?
12. How long do I have to renew my license plate?
13. When are renewal notices mailed to taxpayers?
14. How do I acquire a license plate or placard for handicapped persons?
15. What are the cost and requirements for an antique license plate?