Αποτελέσματα Αναζήτησης
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
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 the Use Tax Rate Table in the Tax Rate Database to determine your tax liability.
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.
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.
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 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.
Use the best online free tool, Car Sales Tax Calculator, calculates the car sales tax in any state of the USA. Find out how much tax you will pay when buying a new or used car. Try it now!
