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How to Calculate Illinois Sales Tax on a Car. You can calculate the sales tax in Illinois by multiplying the final purchase price by .0625%. For example, let’s say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: $30,000 x .0625= $1,875
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.
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Car tax rates listed by state with county and local vehicle tax lookup tools. Free access to car tax rates includes guides, manuals, handbooks, calculators.
Illinois Vehicle Tax Calculator. Vehicle Purchase Price: Calculate. Result (Tax Amount): How to Use the Calculator. Enter the purchase price of your vehicle into the “Vehicle Purchase Price” field. Then, click on the “Calculate” button.
Ready to find out what your vehicle tax will be? Try our Illinois Vehicle Tax Calculator today and make your vehicle purchase in Illinois a breeze! Whether you’re in Chicago, Springfield, or anywhere in between, we’ve got you covered. Happy calculating!
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 ...
