The rate of tax is Five Dollars ($5.00) plus two and one half percent (2.5%) of the actual market value on Guam of the vehicle, as determined by the Director of Revenue and Taxation or his delegate, in excess of One Hundred Dollars ($100.00). Any tax not paid within thirty (30) days after transfer is subject to a delinquency penalty of five percent (5%) of the tax, and in addition, interest thereafter until paid at one-half percent (1/2%) per month or fraction thereof.

SOURCE: GC § 19451, enacted by P.L. 1-88 as amended by P.L. 3-77. Amended by
P.L. 29-002:V:I:51 (May 18, 2007).