Title
Resolution Determining J.D. Power Corporation To Be The Only Source Practicably Available From Which To Procure Valuation Software And Related Services For Use By The City’s Commissioner Of The Revenue
Purpose
PURPOSE/BACKGROUND:
City of Hampton Commissioner of the Revenue has, for decades, utilized National Automobile Dealers Association (“NADA”) Official Used Car Guide for valuation of used vehicles for purposes of assessing personal property tax. Initially, the Commissioner of Revenue’s office manually accessed NADA values in published volumes of that Official Used Car Guide, then later entered into a contract with NADA to access the Official Used Car Guide online. NADA has recently been acquired by J.D. Power Corporation (“JDP”) which now provides the licensed product and software system that currently supplies the Commissioner of the Revenue with the vehicle values contained in the NADA Official Used Car Guide.
Discussion:
The product and services utilized by the Commissioner of the Revenue include JDP’s .Net API, which consists of a number of .Net Assemblies and a vehicle valuation database and has been used to build the Commissioner of the Revenue’s server, web applications, and web services for vehicle valuation. Those assemblies allow applications access to the NADA vehicle valuation database through a set of compatible interfaces. Using the .Net API, an application has been custom built for the Commissioner of the Revenue that allows them to specify a vehicle by its description (Make, Year, Series and Body Style) or by its VIN number and then retrieve the vehicle’s accessories, base and adjusted values, as well as mileage adjustments. The .Net API also provides the ability to value vehicles by region.
JDP is the only vendor offering this product providing access to the NADA Official Used Car Guide, which is the primary recognized national, regional and local authority for the valuation of vehicles and is the standard for taxation asse...
Click here for full text