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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 rate for used car sales tax in the state of Illinois is 6.25% of a vehicle’s purchase price. Depending on where you live in Illinois, you may be subject to additional city or county taxes as well. For example, county sales taxes on a vehicle purchase range from 0.25 to 0.75%.
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.)
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.
Our free online Illinois sales tax calculator calculates exact sales tax by state, county, city, or ZIP code.
You can use our Illinois Sales Tax Calculator to look up sales tax rates in Illinois by address / zip code. The calculator will show you the total sales tax amount, as well as the county, city, and special district tax rates in the selected location.
10 Οκτ 2019 · Illinois tax on new and used vehicles is generally 6.25% but can vary by location. The vehicle registration fee is $150. A license renewal sticker starts at $101.
