(ii) As to a used vehicle that is sold by any person other than a
licensed dealer and that has a designated model year that is 7 years old or older, the
greater of:

1. The total purchase price; or

2. $500 $800 $640;

(iii) As to any other used vehicle that is sold by any person other
than a licensed dealer[, either:

1. The greater of the total purchase price, if verified by
means of a notarized bill of sale, signed by both the buyer and the seller, in which the
actual price paid for the vehicle is stated or $500; or

2. In the case where the bill of sale does not accompany the
title, either the total purchase price or the valuation shown in a national publication
of used car values adopted for use by the Department]:

1. THE TOTAL PURCHASE PRICE, IF THE TOTAL PURCHASE
PRICE IS AT LEAST 80 PERCENT OF THE VALUATION LESS THAN $500 BELOW THE
RETAIL VALUE OF THE VEHICLE AS SHOWN IN A NATIONAL PUBLICATION OF USED
CAR VALUES ADOPTED FOR USE BY THE DEPARTMENT; OR

2. IF THE TOTAL PURCHASE PRICE IS LESS THAN 80
PERCENT OF THE VALUATION $500 OR MORE BELOW THE RETAIL VALUE OF THE
VEHICLE AS SHOWN IN A NATIONAL PUBLICATION OF USED CAR VALUES ADOPTED
FOR USE BY THE DEPARTMENT:

A. THE TOTAL PURCHASE PRICE, IF JUSTIFIED VERIFIED TO
THE SATISFACTION OF THE ADMINISTRATION BY A NOTARIZED BILL OF SALE
SUBMITTED IN ACCORDANCE WITH SUBSECTION (D)(2) OF THIS SECTION; OR

B. THE VALUATION SHOWN IN THE NATIONAL PUBLICATION
OF USED CAR VALUES, IF THE ADMINISTRATION FINDS THAT THE DOCUMENTATION
SUBMITTED UNDER SUBSECTION (D)(2) OF THIS SECTION FAILS TO JUSTIFY VERIFY
THE TOTAL PURCHASE PRICE; and

(iv) In any other case, [the total purchase price or] the valuation
shown in a national publication of used car values adopted for use by the Department.

(3) "Total purchase price" means the price of a vehicle agreed on by the
buyer and the seller, with no allowance for trade-in or other nonmonetary
consideration.

(b) (1) Except as otherwise provided in this part, in addition to any other
charge required by the Maryland Vehicle Law, an excise tax is imposed:

(i) For each original and each subsequent certificate of title issued
in this State for a motor vehicle, trailer, or semitrailer; and