CalWORKs Policy - Department of Public Social Services

the property/resource limit.
Also, the EV of any other licensed vehicle used
by a household member under 18 to drive to
work, school, job training or to look for work is
calculated using the FMV test only.
Step 4 – Determine the EV of vehicles that are
subject to the EV test.
The EV of any licensed vehicle not counted in
Steps 1 through 3 is subject to the EV test.
Unlicensed vehicles, regardless of use (other
than those with an EV of $1501 or less), are
also subject to the EV test. The amount of EV
added to the property/resource limit is
determined by comparing the FMV minus
$4650 to the FMV minus actual encumbrances
and repairs. The higher amount is counted in
the property/resource limit.
NOTE: The excess FMV and EV are
determined by using the wholesale
value as shown in “NADA Official Used
Care Guide.” Excess FMV is the
wholesale value minus $4650. The
EV is the wholesale value minus
encumbrances and cost of repairs.
The remainder is added to the
resource limit.
The EV test is the comparison of the EV
calculated using FMV or EV. The higher
amount is added to the family’s other
property/resources.
When a vehicle is leased, is the value
counted in the resource/property limit?
No, a vehicle that is leased or on a
lease/purchase option is not regarded as a
resource until a transfer of ownership has
occurred. A leased vehicle remains in the
ownership of the leasing firm.
If the Department of Motor Vehicles (DMV) is
withholding the vehicle’s registration, is the
vehicle considered to be licensed or
unlicensed?
When the registration fees have been paid on a
vehicle but DMV is withholding (i.e., unpaid