tax title and license calculator utah

The Tax-Rates.org Utah Sales Tax Calculator is a powerful tool you can use to quickly calculate local and state sales tax for any location in Utah. Utah has a very simple income tax system with just a single flat rate. You can check out more information on the sales tax for your state here. Print Exemption Certificates. Before you seal the deal on your new car, make sure you ask about all the fees and costs. Also, we separately calculate the federal income taxes you will owe in the 2020 - 2021 filing season based on the Trump Tax Plan. Get a no-obligation offer for your car in minutes. Not always. The 2023 401(k) contribution limit for individuals under 50 is $22,500. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. Youll be eligible for the credit as long as you meet the following criteria: Utah doesnt have an inheritance tax, meaning that you wont need to file an inheritance tax return. When combined with the state rate, each county holds the following total sales tax: Apache County - 6.1 percent Maricopa County - 6.3 percent Cochise County - 6.1 percent Pinal County - 7.2 percent Gila County - 6.6 percent Greenlee County - 6.1 percent Pima County - 6.1 percent Its your employers job to withhold federal income tax based on the information you provide on your W-4 form. If you purchase any product or service in Utah, you're subjected to the state's general sales tax rate listed at 4.85 percent. Collado has a Bachelors degree from the University of South Florida, with a major in Psychology and a minor in Marketing. Get a free Edmunds appraisal report for your car in minutes, Ready to sell? Things like sales tax and other fees are often forgotten about in the excitement of making a new car purchase. No cities in the Beehive State have local income taxes. 2023 SalesTaxHandbook. For example, if your total tax liability is less than your federal standard deduction, you will not be expected to file a return. Exemptions can be claimed for each taxpayer as well as dependents such as ones spouse or children. Sales taxes in Utah range from 4.85% to 9.05%, depending on local rates. SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. Preapproval also lets you gauge whether the dealer's financing is a better deal for you. Based on your filing status, your taxable income is then applied to the the tax brackets to calculate your federal income taxes owed for the year. Unfortunately, we are currently unable to find savings account that fit your criteria. That way, you know what youre really going to be paying. Most of us don't pay the entire cost of the car in cash, and we want to make sure the monthly payments are affordable. The vehicle license tax is the most expensive, which we have calculated above for $100,000 worth of a new car ($1,680). Utah Sales Tax Calculator You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. Understanding Utah's sales tax on cars allows you to calculate the total cost of your vehicle once you're presented with a sales contract by the dealership. Customer Service - If you would like to leave any feedback, feel free to email info@smartasset.com. You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. If you make $70,000 a year living in Utah you will be taxed $11,594. Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. In addition to state and local sales taxes, there are a number of additional taxes and fees Utah car buyers may encounter. Much like every state, Utah has some sales tax exemptions for vehicle sales. In most cases, you can negotiate the out-the-door price. Pro Tip: If you dont pay these fees at the dealership, youre going to have to go to your nearest DMV and pay them anyways, so they are saving you a trip here. This is true for income level as well. It's possible to get an out-the-door price from a dealer that doesn't include interest, so if you're financing, make sure to request that the numbers be updated to include it. This will give you the confidence to proceed with that deal or search for a better offer. Taxable income is calculated by subtracting all personal exemptions from total income. Some taxes that Utah has include ones on consumer use, rental cars, sales, sellers use, lodgings, and many others. Dealers are charged freight fees from the manufacturer to move the product out of the warehouse, which means youre going to be charged a fee as well. Utah law does not limit the amount of doc fees a dealer can charge. Once you have the tax rate, multiply it with the vehicle's purchase price. There are both state and local sales tax rates in Utah. Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. It allows you to see all aspects of the car deal in one place and gives you a complete picture of what you're paying. As we explained above, the MSRP, or list price, is not the out-the-door price that youll be paying for the bike, and thats because of those taxes and fees. The base phase-out amounts are as follows: Utah provides a nonrefundable tax credit for parents and legal guardians who are full-time caregivers of children 12 months old or younger. Weve got it all covered! For example, if you want to withhold an extra $50 from each paycheck, simply write $50 on the corresponding line of your W-4. Utah has a consumer protection law that mandates that each customer must pay the same amount for fees at a dealership. Do you have a comment or correction concerning this page? Which means yes, these charges are also mandatory. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. We provide sales tax rate databases for businesses who manage their own sales taxes, and can also connect you with firms that can completely automate the sales tax calculation and filing process. Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. How To Find The Cheapest Travel Insurance. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. Utah offers tax credits to reduce your tax liability, including a taxpayer tax credit, health benefit plan tax credit, and an at-home parent tax credit. That said, it is still important to know what your monthly payment will be, especially with leasing, so make sure that you ask for that price with tax and registration fees included. Utah Sales Tax on Cars Everything You Need to Know, it costs thousands of dollars to own and maintain a vehicle, Your Privacy Choices: Opt Out of Sale/Targeted Ads, A few dealerships might charge a documentation fee of $149, A uniform fee of $150 for vehicles, depending on their class, An annual automobile education fee of $2.50 per year, An annual uninsured motorist identification fee of $1.00 per year. Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park . You dont have to pay sales tax on trade-ins in Utah. The average doc fee in the state of Utah is $305. but also has 128 local tax jurisdictions (including cities, towns, counties, and special districts) that collect an average local sales tax of 2.115% on top of the state tax. Most importantly, it removes the use of allowances and instead features a five-step process that asks filers to indicate various personal information, along with dependents and additional income or jobs. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. Tax-Rates.org The 2022-2023 Tax Resource. Both retail sales and leases of tangible personal property are taxable under Utah sales tax law. Car payment calculator Monthly Payment Vehicle Price Vehicle Price Down Payment State Credit Score APR Estimated based on your credit score. Remember that the total amount you pay for a car (out the door price) not only includes sales tax, but also registration, and dealership fees. Use Edmunds Price Checker to input your specific details. Personal income taxes in Utah are relatively simple when compared to the federal income tax. This is one way to have extra money in your possession, and you could do anything with it, from depositing it in a high-interest savings account to paying down student loan debt. . Liquor and wine can only be purchased in state-run liquor stores. Vehicle price. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: *Keep in mind that these are general estimates and most of these fees will vary by state and by county, so do your research! Enter how many dependents you will claim on your 2022 tax return. We value your feedback! Multiple sources state that the tax rate is 6.85%, but we haven't been able to verify that rate on the Utah DMV site. SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Usage is subject to our Terms and Privacy Policy. Your employer does not match this surtax. Overall, taxpayers in Utah face a relatively low state and local tax burden. 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 .0696 = $2,088 If you can't find what you want in Salt Lake City, American Fork, Orem, and in and around Provo are also good places to look. some purchases may be exempt from sales tax, others may be subject to special sales tax rates. Enter your financial details to calculate your taxes, Find a Savings or CD account that works for you. Not only do you have to buy the bike, but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. ce=d.createElement, gt=d.getElementsByTagName, SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Your feedback is very important to us. The Edmunds content team brings you industry-leading vehicle reviews, news and research tips that make it easier for you to find your perfect car. In other words, be sure to subtract the rebate/incentive amount from the car price before calculating sales tax. In addition, you cant report more than $3,000 as profit or loss from a business on a federal Schedule C. Taxpayers who arent eligible to enroll in an employer insurance plan may qualify for the health benefit tax credit. You can check out more information on the sales tax for your state. Sales tax jurisdiction rules can sometimes be too complicated to describe rate areas by zip code, so this calculator is provided for reference purposes only. Reach out to your salesperson to make sure the out-the-door price reflects your approved interest rate and down payment to get the most accurate total. When you purchase a vehicle in Utah, you'll have to pay fees that add to the total cost. The money you put into these accounts can be used for certain medical expenses like copays. Another option that may work for you if you want to reduce your tax bill is to put more of your paycheck into pre-tax accounts. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. It's easy to fall into that monthly-payment thinking. Capital gains are taxed at the same rate as income, and youll pay a flat rate of 4.95% regardless of how much you make. Registration Fee Details Registration Fee Details Thats also the only income tax youll pay, as there are no local income taxes in Utah. Since 2018, Utah has had a flat tax rate of 4.95%, meaning everyone pays the same state income tax rate regardless of their income. However, many others (DE, DC, ID, LA, MA, MI, MT, NH, NM, NC, NE, TX, and WY) remain silent regarding whether, when, and in what amounts sales tax Just like nearly everything else you buy, youre going to be hit with a sales tax, which of course, varies by state. When it comes time to find a new car, heading to dealerships in Salt Lake City will make it easier to find what you're looking for. The destination charge may cover the cost to get your bike to the dealer, but whos going to put your bike together? Utah has a 4.85% statewide sales tax rate, And of course, you always need to pay the government. In this instance, you'll pay sales tax on $11,000 since the dealership applied the rebate to your vehicle. These freight fees are often listed on the manufacturers website and in sales material and can be anywhere from $300-$900+. You can calculate the sales tax in Utah by multiplying the final purchase price by .0696%. Enter your total 401k retirement contributions for 2022. How much you pay in federal income tax is based on factors like your salary, your marital status and if you asked for an additional dollar withholding. The "out-the-door price" is a dealer term for the total price of a vehicle with all of the necessary fees factored in. https://www.autobytel.com/auto-news/buying-a-new-car-in-utah-107748/, https://www.salestaxhandbook.com/utah/sales-tax-vehicles, https://www.southtowneautomall.com/buy-a-new-car-in-utah.htm, http://www.salestaxstates.com/sales-tax-calculator-utah, .css-dhtls0{display:block;font-family:GlikoS,Georgia,Times,Serif;font-weight:400;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-dhtls0:hover{color:link-hover;}}@media(max-width: 48rem){.css-dhtls0{font-size:1.125rem;line-height:1.2;}}@media(min-width: 48rem){.css-dhtls0{font-size:1.25rem;line-height:1.2;}}@media(min-width: 61.25rem){.css-dhtls0{font-size:1.375rem;line-height:1.2;}}Levels of EV Charging, Electric Cars vs. Gas Cars: Pros and Cons. The statewide average effective tax rate, which is the total amount of taxes paid each year as a percentage of a homes market value, is just 0.52%. If you're making a down payment and financing, it should factor those in as well. If you get incentives or rebates on a car purchase, the state ends up taxing the vehicle after the dealership applies the rebate. Hes written about dealership sales, vehicle reviews and comparisons, and service and maintenance for over 100 national automotive dealerships. That means the actual rates paid in Utah range from 6.1% to 9.05%. If you get a vague answer about the out-the-door cost or a salesperson tells you it is impossible to calculate this figure, you should be on your guard. No cities in the Beehive State have local income taxes. A primary way in which you can affect your Utah paycheck is by adjusting your withholdings. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. The "out-the-door price" is a car business term for the total price of a vehicle with all of the necessary fees factored in. So how does this approach work when your focus is on your monthly payments? SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. The out-the-door price is calculated by adding up the selling price of the vehicle, sales tax, and title, license, documentation and license fees. Weve done all the research so you can go into the dealership honest, educated, and prepared to make your purchase at a reasonable out-the-door (OTD) price. Your tax is $0 if your income is less than the 2022-2023 standard deduction determined by your filing status and whether youre age 65 or older and/or blind. Heres What Time You Should Plan on Leaving, Great Again? Of course, Utah taxpayers also have to pay federal income taxes. The TrueCar price, also known as "TruePrice," is an advertised price based on the MSRP that the company offers on a given new vehicle at a dealership. Average Retirement Savings: How Do You Compare? In turn, all filers pay the same flat rate of 4.95%. Beer with an alcohol by volume of 5% or lower can be purchased in grocery stores, but beer above that cutoff is only available in state liquor stores. You'll need to focus your attention on the selling price of the vehicle and the trade-in offer, if you have one. First, we calculate your adjusted gross income (AGI) by taking your total household income and reducing it by certain items such as contributions to your 401(k). While we attempt to ensure that the data provided is accurate and up to date, we cannot be held liable for errors in data or calculation or any consequence or loss resulting from the of use of the Calculator and data as provided by Tax-Rates.org. *Keep in mind that these are general estimates and most of these fees will vary by state and by county, so do your research! Fortunately, many DMV websites provide registration fee calculators to help estimate the expected cost. Being selective about the car you buy can land you the deal you're looking for. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. For a one-year-old car of the same worth, this tax is $1,465. As a rule of thumb, if you live in Utah or are reporting income from a Utah source and you need to file a federal tax return, youll likely need to file a Utah income tax return as well. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. Usage is subject to our Terms and Privacy Policy. Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. The cigarette tax in Utah is $1.70 per pack of 20. Homeowners in Utah also pay exceptionally low property taxes, with an average effective rate of just 0.52%. })(); Yes, in Utah you must pay the car sales tax on a used vehicle. Simplify Utah sales tax compliance! Rates for all 29 Utah counties, as well as 100 of the largest cities in the state, are shown in the table below. For vehicles that are being rented or leased, see see taxation of leases and rentals. Therefore, your car sales tax will be based on the $25,000 amount. (optional). Tax rates are also available online at Utah Sales & Use Tax Rates or you can contact the Tax Commission at 801-297-2200 or 1-800-662-4335. This is tied for the seventhth-lowest of any U.S. state (South Carolina). Some calculators may use taxable income when calculating the average tax rate. Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. , but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. Some states even limit this fee or have laws that guarantee all customers be charged the same, no negotiations. Some dealerships may also charge a dealer documentation fee of 149 dollars . Sales tax - Set by the state, you're going to be charged sales tax on your car unless you live in a state that doesn't have one. Save more with these rates that beat the National Average. Print Exemption Certificates. Not entirely sure why youre paying these fees? No. id="calconic_", b="https://cdn.calconic.com/static/js/"; The state uses a flat tax rate of 4.95% for all income levels and the sales tax rate is 4.85%. Utah taxpayers may qualify for the taxpayer tax credit. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. For our examples in this article, we'll use the average combined rate of 6.96%. While you may not have a say in how frequently your employer pays you, just remember that your paychecks will be smaller if you receive them more frequently. For example, here is how much you would pay inclusive of sales tax on a $200.00 purchase in the cities with the highest and lowest sales taxes in Utah: You can use our Utah sales tax calculator to determine the applicable sales tax for any location in Utah by entering the zip code in which the purchase takes place. By the same token, if you dont reside in Utah and your Utah-based income comes from a pass-through entity, you may be exempt from filing a return, as long as you dont plan on claiming any state tax credits. payments. There are no guarantees that working with an adviser will yield positive returns. When in the market for a recreational vehicle (RV), be sure to factor in RV registration fees and other registration-related expenses once it's time to estimate the overall cost. Setup (or prep) fees are necessary to get your bike out of the crate, put together, and ready for you to ride. Prescription drugs, medical equipment, prosthetic devices, wheelchairs, newspapers, college sports events, textbooks and fuel cells are all exempt. Property tax rates are set at a local level by each county. Do Not Sell or Share My Personal Information, Get the Out-the-Door Price When Buying a Car, Department of Motor Vehicles title and registration fees. For example, if you're a single filer with an income of more than $15,095, you wont have access to this credit. Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. Though these fees vary based on the dealership, the average fee in Utah is $305, with no statewide limit on how much dealerships can charge. Get access to exclusive deals, reviews and test drives, and updates on manufacturer rebates. Let us know in a single click. * These are the taxes owed for the 2022 - 2023 filing season. Motor Vehicle Taxes & Fees Property Taxes Note regarding online filing and paying: For security reasons, our e-services are not available in most countries outside the United States. Medicare taxes account for a smaller percentage at 1.45%, with employers again matching that amount. So What Happens When an Autonomous Car Gets Pulled Over? A financial advisor can help you understand how taxes fit into your overall financial goals. Depending on where you live in Utah, your level of tax burden can vary a bit. Negotiating on the price of the car is a simpler way to go. Tax-Rates.org provides free access to tax rates, calculators, and more. This is the case for self-employed people and some independent contractors. Finding the sales tax rate for car purchases in Utah can get confusing. All investing involves risk, including loss of principal. Read This First. Remember, a dealership may advertise a motorcycle for $8,000, but if it does not explicitly list setup fees, doc fees, taxes, and title/tags etc. Not entirely sure why youre paying these fees? You'll want to be well-informed, that way you can make the right decision when purchasing a new car in this state. We may earn a commission for purchases made through our links. This credit phases out above a certain income level that's dependent on your filing status. When estimating your total costs, don't forget to consider the costs of: Have you ever registered a motorhome? According to Utah's Department of Motor Vehicles, the amount you pay in fees depends on the vehicle you buy, its fuel type, the county where you bought the vehicle, and other variables. For example, lets say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: This means that your sales tax is $2,088 on a $30,000 purchase price. Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. A quote you receive from a dealer, or a listed MSRP price, might not actually be the out-the-door price you pay in the end. According to Sales Tax States, 61 of Utah's 255 cities, or 23.922 percent, charge .css-xtkis1{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#1C5f8B;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;font-weight:bold;}.css-xtkis1:hover{color:#000000;text-decoration-color:border-link-body-hover;}a city sales tax. Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. Utah Income Tax Calculator 2022-2023. Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. Destination charges are ultimately determined by the value of the bike, almost like a tax, and are typically not negotiable. In some places, such as Florida, it's not uncommon for buyers to pay $800 in so-called doc fees. Some calculators may use taxable income when calculating the average tax rate. Previously, Collado was a copywriter at the ad agency TBWA/Chiat/Day where he worked on brand campaigns for Nissan, ABC Television, Sony PlayStation, and Energizer. Holiday Traffic Expected to Reach an All-Time High This Year, Americas Singing Highways: The Ultimate Road Trip Playlist, Lets Take a Moment to Talk About Snow Driving, Wanna Beat Thanksgiving Traffic? They also state that the average combined sales tax rate of each zip code is 6.775 percent. This also means that the fees will vary from dealership to dealership. Many dealers offer cash incentives or manufacturer rebates on the sticker price of a vehicle in order to encourage sales. Hybrid/EV fee - Due to the loss of gasoline . The Taxpayer Tax Credit is equal to 6% of the total of all federal deductions claimed (except for the deduction for state income taxes), plus the Utah personal exemption. Get In Touch With A Pre-screened Financial Advisor In 3 Minutes. THE BEST USED SUVS UNDER $10,000 We looked into price, reliability, features, and more to create this list of the best used SUVs under $10k on the market today. Most on- and off-road vehicles, boats, aircraft, and commercial vehicles must be registered to operate in Utah. You do not have to pay sales tax if the vehicle is gifted to you from a spouse, parent, child, grandparent, or grandchild. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. We suggest shopping for financing before going to the dealership to save you time and money (after all, it always pays to be prepared!). Still, purchasing a used car is a wise choice for many. ", Wait. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: The state rate is 4.85%. Why? Exemptions can be claimed for filers, spouses and dependents. For similar tax reasons, you may also want to utilize a health savings account (HSA) or flexible spending account (FSA). Choose the filing status you use when you file your tax return. However, you can get a tax credit of up to $7,500 from the Federal government. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. Autobytel shares the fees that you should expect to pay when buying a car: Once you complete the purchase of your vehicle, you'll receive a temporary tag that's good for 45 days, so you can legally drive while you wait for your new license plates to arrive in the mail. The Alta Ski Area gets over 500 inches of snow per year. By multiplying the final purchase price of a new SUV for $ 35,000 and your trade-in worth. However, you may be subject to special sales tax in Utah by multiplying the final purchase of... A bike whether the dealer, but whos going to put your bike total price of vehicle! Dental expenses, and of course, you can calculate the sales tax,! Range from 6.1 % to 9.05 % additional 50 %, depending on you. Not negotiable $ 7,500 from the warehouse to the dealership applies the rebate our Terms and Privacy.... Pay taxes on capital gains, you 'll pay sales tax rate of just %... In so-called doc fees a dealer documentation fee of 149 dollars a dealer can charge Edmunds Checker... Out-The-Door price and can be claimed for filers, spouses and dependents has the sales., lets say you are purchasing a bike Again matching that amount you can make the right decision when a. Much like every state, Utah taxpayers also have to pay for things like moving bike. About all the fees and costs you have to pay for things like moving the bike from the sales... Ones spouse or children 'll use the average tax rate of just 0.52 % more information on selling... Time you should Plan on Leaving, Great Again and financing, it 's to. X27 ; s purchase price taxpayers also have to pay federal income taxes taxes fit into your overall goals..., lodgings, and are typically not negotiable tobacco prevention and cessation.! Into these accounts can be claimed for filers, spouses and dependents, these charges are ultimately determined by value... Combined rate of each zip code is 6.775 percent in 3 minutes Ski Area Gets over inches. Dealers offer cash incentives or rebates on the selling price of the and... Tax-Rates.Org provides free access to exclusive deals, reviews and comparisons, and plate fees average fee. Dealer 's financing is a better offer say you are purchasing a new car tag are major in... Vehicle with all of the car price before calculating sales tax on trade-ins in Utah multiplying... Additional 50 %, with employers Again matching that amount Autonomous car Gets Pulled?. The car you buy can land you the deal on your new car purchase, the state Utah. Calculated by subtracting all personal exemptions from total income Utah Department of tax title and license calculator utah.! Suv for $ 35,000 and your trade-in is worth $ 10,000 # x27 s. Number of additional taxes listed on the $ 25,000 Down Payment state credit Score wine can be. 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Taxed at a rate of 31.90 cents per gallon really going to put your bike ) contribution limit individuals... Your total costs, do n't forget to consider the costs of have..., you always need to pay for things like sales tax of the vehicle & # x27 ; purchase. Have to pay the same, no negotiations from sales tax will based! Costs, do n't forget to consider the costs of: have you ever registered motorhome... There are no local income taxes in Utah are relatively simple when compared to the dealer but! Rebate/Incentive amount from the warehouse to the price of the same worth, this tax is partially used fund... To get your bike rate at 4.7 percent, while the highest rate belongs Park! Of 20 live in Utah same, no negotiations the sticker price of a vehicle order., has the lowest sales tax will be taxed $ 11,594 are relatively simple compared... And plate fees, your level of tax burden can vary a bit your Score. Price vehicle price vehicle price vehicle price vehicle price $ 25,000 Down Payment and,... When your focus is on your 2022 tax return almost like a tax, title and... Also means that the average tax rate for car purchases in Utah 50 is $.! Leave any feedback, feel free to email info @ smartasset.com sales taxes, there are no local income.. Dealer can charge divided by the Utah Department of Motor vehicles, aircraft, and updates on manufacturer on! Use when you purchase a vehicle with all of the same, negotiations... Charge a dealer term for the 2022 - 2023 filing season face a relatively low state where... Based on your 2022 tax return state and where your dealer is located taxed at a dealership * these the! Pay exceptionally low property taxes, there are a number of additional taxes and fees car... Or manufacturer rebates on a used car is a better deal for you only... 300- $ 900+: have you ever registered a motorhome deal on your filing status you when. Single, flat rate of 6.96 % in sales material and can be claimed for,. New vehicle rates that beat the national average college sports events, textbooks and fuel cells are all exempt cents... Focus is on your Monthly payments multiply it with the vehicle and the trade-in offer, if you make 70,000! Car in this instance, you may find yourself responsible for the total of your itemized deductions, such Florida. Calculating sales tax on $ 11,000 since the dealership and setting up bike! May also charge a dealer documentation fee of 149 dollars the sticker price of a vehicle with all of vehicle. Youre age 50 or older and of course, Utah, has the sales. Vehicle and the trade-in offer, if you have a comment or correction concerning this?... Wise choice for many be charged the same flat rate your withholdings average tax rate for car purchases in are... Details registration fee details Thats also the only income tax of your itemized deductions, such as interest... That beat the national average and financing, it should factor those in as well as such... # x27 ; s purchase price of the vehicle after the dealership applied the.. Some dealerships may also charge a dealer documentation fee of 149 dollars rebate to your.! Doc fees a savings or CD account that fit your criteria not uncommon for to... And costs the rebate/incentive amount from the University of South Florida, with a financial... The average tax rate at 4.7 percent, while the highest rate belongs to Park the costs:. Cells are all exempt may be exempt from sales tax on trade-ins in Utah are relatively simple when to. A certain income level that 's dependent on your credit Score APR Estimated based on the of... Drugs, medical and dental expenses, and more and rentals charged the same, negotiations! Trade-In is worth $ 10,000 into these accounts can be used for certain medical expenses tax title and license calculator utah copays national..

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