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Private Party Vehicle Use Tax. Definition. The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers’ Occupation Tax Act.) Tax Rate.
- Use Tax Rates
If you acquired and used the aircraft outside Illinois...
- Use Tax Rates
The state sales tax on a car purchase in Illinois is 6.25%. The average local tax rate in Illinois is 1.903%, which brings the total average rate to 8.153%. Do I have to pay sales tax on a used car in Illinois?
4 Οκτ 2024 · The statewide sales tax on vehicles in Illinois currently stands at 6.25% of the purchase price of the car. For example, if you buy a used car from a private party for $10,000, you’ll pay $625 in sales tax plus local (city and county) tax, depending on where you live in the state.
Illinois collects a 7.25% state sales tax rate on the purchase of all vehicles. There is also between a 0.25% and 0.75% when it comes to county tax. In addition to state and county tax, the City of Chicago has a 1.25% sales tax. There also may be a documentary fee of 166 dollars at some dealerships. The taxes can be different in the case of a ...
Illinois private party vehicle use tax is based on the purchase price (or fair market value) of the motor vehicle, with exceptions noted on the right (i.e., for motorcycles and specific situations). For most purchases, you will use Table A or B to determine the tax amount.
10 Οκτ 2019 · Receive personalized rates and policy options in minutes by calling EverQuote at 833-494-0309. Tap here to call today. Here are typical fees in Illinois: DMV or State Fees. Vehicle sales tax (for vehicles sold by a dealer) Usually 6.25% but can vary by location. Use the Illinois Tax Rate Finder to find your tax.
Most states charge anywhere from 5% to 9% sales tax on the sale of motor vehicles. These percentages are calculated from the purchase price of a vehicle when it exchanges hands. Used car sales tax is levied at the same rate as new car sales tax. In addition to the sales tax, expect to pay additional fees on the purchase of a vehicle.
