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Our expert editors lay out exactly what you need to know about Illinois' sales tax rates for vehicles (6.25%), including how these costs vary by location and the specifics of calculating these expenses for both new and used cars.
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.
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.)
How to Use the Calculator. Enter the purchase price of your vehicle into the “Vehicle Purchase Price” field. Then, click on the “Calculate” button. The calculator will then compute and display the tax amount you need to pay according to Illinois state tax rates.
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.
Use your state's sales tax & tags calculator to help determine all of the expenses you can expect to pay when buying a new or used car. Find out how!
10 Οκτ 2019 · Illinois tax on new and used vehicles is generally 6.25% but can vary by location.
