How are vehicle sales taxes calculated?
The Nevada Sales and Use tax is actually several separate taxes which fund state and local government, schools and special purposes. See the Nevada Department of Taxation Sales and Use Tax Publications for current tax rates. Taxes on vehicle sales vary by the type of sale and the tax rate of the county in which the vehicle is based.Nevada Dealer Sales – Taxes are paid to the dealer based on the actual purchase price. Out-of-State Dealer Sales – DMV will verify whatever taxes were paid and charge any difference between that amount and what would have been due on a Nevada dealer sale. Private Party Sales, Family Sales and Gifts – Sales on or after January 1, 2006, are not subject to sales taxes. On private sales that occurred in 2005 or earlier, sales taxes are paid to DMV based either on the depreciated Manufacturers Suggested Retail Price (MSRP) or a vehicle appraisal. Value as declared on a title or Bill of Sale is not accepted. (NRS 374.112) Appraisals can be completed at the VIN Ins
The Nevada Sales and Use tax is actually several separate taxes which fund state and local government, schools and special purposes. See the Nevada Department of Taxation Tax Map for rates and other details. Taxes on vehicle sales vary by the type of sale and the tax rate of the county in which the vehicle is based. Nevada Dealer Sales – Taxes are paid to the dealer based on the actual purchase price. Out-of-State Dealer Sales – DMV will verify whatever taxes were paid and charge any difference between that amount and what would have been due on a Nevada dealer sale. Private Party Sales – Taxes are paid to DMV based either on the depreciated Manufacturers Suggested Retail Price (MSRP) or a vehicle appraisal. Appraisals can be completed at the VIN Inspection Station at larger DMV offices. I highly recommend them for vehicles 1994 and newer, to save you money! If the MSRP is used, the original retail price is depreciated 15% after the first year and 5% per year thereafter. The minimum va
The Nevada Sales and Use tax is actually several separate taxes which fund state and local government, schools and special purposes. See the Nevada Department of Taxation Sales and Use Tax Publications for current tax rates. Taxes on vehicle sales vary by the type of sale and the tax rate of the county in which the vehicle is based. Nevada Dealer Sales – Taxes are paid to the dealer based on the actual purchase price. Out-of-State Dealer Sales – DMV will verify whatever taxes were paid and charge any difference between that amount and what would have been due on a Nevada dealer sale. Private Party Sales, Family Sales and Gifts – Sales on or after January 1, 2006, are not subject to sales taxes. On private sales that occurred in 2005 or earlier, sales taxes are paid to DMV based either on the depreciated Manufacturers Suggested Retail Price (MSRP) or a vehicle appraisal. Value as declared on a title or Bill of Sale is not accepted. (NRS 374.112) Appraisals can be completed at the VIN In
