Im buying a motor vehicle at an exceptionally low price. Do I pay sales tax on that price?
It depends. If youre buying the vehicle from a dealer, the dealer collects sales tax on the amount you actually paid, no matter how low. However, if you buy the vehicle from an individual, you pay use tax on the full value of the vehicle when you title and register it. The price shown on the bill of sale is normally considered the motor vehicles full value. But, if that sale price seems unrealistic, the county is authorized to use the average retail price shown in the most recent N.A.D.A. Official Used Car Guide to compute the tax you must pay when you register your vehicle.
Related Questions
- I’m looking for Saratoga Horse Racing tickets cheap. Will buying my low price Saratoga Horse Racing tickets from Ticketloot.com save my time?
- I need WWE Hsbc Arena tickets cheap. Will buying my low price WWE Hsbc Arena tickets from Ticketloot.com save my time?
- Im buying a motor vehicle at an exceptionally low price. Do I pay sales tax on that price?
