I recently bought a car and the guy said I have to pay the taxes in his state but I'm from a different state. If i pay taxes in his state do i have to pay mines in my state too ?
Hi there. Tax laws vary from state to state. I suggest you investigate with your local tax collectors office for an accurate answer to this question. Your Mechanic has technicians available 7 days a week to service, repair, diagnose, and maintain your vehicle at your home or office. Feel free to schedule your next appointment at www.yourmechanic.com.
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The auto tax rate ranges anywhere from 0% to 8.25% depending on the state, with some states having different tax rates based on the type of vehicle you purchase or the county where you purchased your car. The chart below shows the car tax rates by state according to each state`s department of insurance.
Sales: 6.25 percent of sales price, minus any trade-in allowance. The taxable value of private-party purchases of used motor vehicles may be based on the standard presumptive value.
Past due payments are subject to interest at the rate of one and one half percent per month from the due date of the tax (July 1), as required by state law.
Passenger vehicles and light duty trucks purchased from private owners (not a dealership) are subject to sales tax of 6.35% (or 7.75% for vehicles over $50,000). Connecticut Sales and Use Tax is based on the NADA average trade-in value or bill of sale value (whichever is higher).
Himachal Pradesh has one of the lowest rates in India. Karnataka has the highest tax rate in India, at 14.43%.
A federal tax not subject to the retail sales or B&O tax is the 5% luxury tax charged on vehicles which cost over $38,000. Another federal consumer tax is the 12% excise tax charged on certain trucks, tractors, and trailers.
Texans who buy a used vehicle from anyone other than a licensed vehicle dealer are required to pay motor vehicle sales tax of 6.25 percent on the purchase price or standard presumptive value (SPV), whichever is the highest value. SPV applies wherever you buy the vehicle, in Texas or out of state.
Fees one can expect to pay when buying a car in Texas are as follows: Sales Tax: 6.25% of the total vehicle purchase price. Title Transfer Fee: $28 to $33 (varies by county) Tag / License Fee: $51.75 base fee, $10 local fee.
Standard Connecticut registration fees are as follows: Passenger vehicles: $120 for 3 years. Commercial vehicles: starting at $47 for 1 year.
According to state statute, Sales Tax Free Week begins on the third Sunday of August and runs until the following Saturday. 2022 Sales Tax Free Week dates are Sunday, August 21, through Saturday, August 27, 2022.
How much is the car sales tax in New York? When buying a car in New York, you will pay a 4% sales tax rate for your new vehicle, according to Sales Tax States. This statewide tax does not include any county or city sales taxes that may also apply.
Regular Motor Vehicle taxes are due in one installment on July 1st. These taxes are on vehicles registered as of the previous October 1st and cover October 1st of the previous year through September 30th of the current year. Supplemental Motor Vehicle taxes are due in one installment January 1st.
If you buy a vehicle from a private seller in BC you will not pay GST but you will need to pay PST when your register the vehicle with the ICBC. The PST amount in BC can vary between 7% to 20% when you purchase a car from a GST registrant and 12% to 20% when you purchase a car from a private seller.
If you buy a new vehicle, the 13% HST (not RST) will be applied at the point-of-sale by your car dealer or manufacturer. A similar tax also applies to the purchase of boats and aircraft.
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Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general sales tax exists.
The statewide tax rate is 7.25%. In most areas of California, local jurisdictions have added district taxes that increase the tax owed by a seller. Those district tax rates range from 0.10% to 1.00%. Some areas may have more than one district tax in effect.
The total fee for a standard vehicle is $306 ($155 vehicle title + $151 registration/license plates).
The state of Texas requires all personal car and light truck owners to pay an annual $50.75 state vehicle registration fee. For commercial vehicles, the registration fee is based on the weight of the vehicle, and these fees range from $54 to more than $840.
The title fee is $33.00, and the license fees vary. Contact the office for exact license registration fees. To avoid penalties, transfer title within 30 Calendar days from date of sale or entry into Texas.
A properly signed title, including the date of sale and odometer reading. Signed Application for Texas Title and/or Registration (Form 130-U) with the sales price clearly shown.
Temporary registration fees: $21 for every 10 days. $27 for 10 days for commercial vehicles with a gross vehicle weight rating (GVWR) of 6000 pounds or less. $49 for 10 day for commercial vehicles with a GVWR more than 6,000 pounds.
All first-time registrants must pay these NYS DMV fees: $25 plate fee. $50 title certificate fee. Sales tax of your jurisdiction.
Connecticut titled or non-titled vehicles in CT
If a vehicle was purchased in CT and it is newer than 20 years old, you will need a title. Vehicles with a model year more than 20 years prior to the current year are non-titled and a title is not required.