Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. For example, if you want to withhold an extra $50 from each paycheck, simply write $50 on the corresponding line of your W-4. We read every comment. Use our income tax calculator to estimate how much tax you might pay on your taxable income. Registering Your Vehicles in Utah. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. Utah has a very simple income tax system with just a single flat rate. Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park City at 8.85 percent. Youll feel a lot better by studying up before you go to the dealership. Utah offers two temporary permits, a 96-hour permit that costs $2.50, and a 15-day permit for $6. Which means yes, these charges are also mandatory. 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. Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. 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. Read This First. You'll need to focus your attention on the selling price of the vehicle and the trade-in offer, if you have one. Then you can proceed as a cash buyer, carrying a check from your lender into the dealership with you. We read every comment! Trade-in value. The amount of the credit is determined by the Utah Housing Corporation. 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. Heres What Time You Should Plan on Leaving, Great Again? 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. Some states consider year and weight, too. 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. 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. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. If your employer offers a 401(k) or 403(b) retirement account, you could choose to increase your contribution to it. Vehicle price. ce=d.createElement, gt=d.getElementsByTagName, Some calculators may use taxable income when calculating the average tax rate. Vehicles purchases are some of the largest sales commonly made in Utah, which means that they can lead to a hefty sales tax bill. For instance, you can trade-in your old vehicle at the dealership and earn a $5,000 credit to put toward the purchase of a newer vehicle that costs $11,000, making the total selling price equal to $6,000. 1999 - 2023 DMV.ORG. j.src=b+"calconic.min.js"; q=gt.call(d,"script")[0]; q.parentNode.insertBefore(j,q) } Taxes can really put a dent in your paycheck. 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. Tax-Rates.org provides free access to tax rates, calculators, and more. Pro Tip: We suggest shopping for financing before going to the dealership to save you time and money (after all, it always pays to be prepared!). 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. 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. Weve got it all covered! We found that the base state sales tax in Utah is 4.85%, but on average, local counties add up to 2.11%. But in Utah, youll need to be prepared to spend additional money on these extra costs. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. Tax, Title & Fees**Currently Unavailable Total $23,000 Estimated Monthly Payment $ 426 Shop With Budget Get Pre-Qualified Please limit your response to 150 characters or less. View downloads & pricing. Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. Title fee - You must pay a title fee in order to title the car in your name. Do I Have to Pay Sales Tax on a Used Car? All rights reserved. We urge you to notify us of any errors in the Calculator or our data. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. The Qualifying Solar Project Credit is 25% of the amount paid to purchase qualifying solar units, up to a maximum of $1,600. 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. Once you have the tax rate, multiply it with the vehicle's purchase price. You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. * These are the taxes owed for the 2022 - 2023 filing season. There are both state and local sales tax rates in Utah. If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. Traveling with a Pet Soon? 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. 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. shows what you can expect to spend in doc fees depending on your state. Print Exemption Certificates. Idaho, for example, determines the fee by using a valuation factor based on one of the following motorhome chassis types: mini motor home, motor home, front engine diesel, rear engine diesel, or van conversions. By using the Tax-Rates.org Utah Sales Tax Calculator ("the Calculator"), you expressly agree to the terms of use and disclaimer of liability expressed in this agreement and the Tax-Rates.org Terms of Service. Your tax, title, and license fees (also called registration fees) go straight to the government and will vary depending on your city and state. Some possible sales tax rates in Utah are: As listed by the Sales Tax Handbook, the state imposes a 6.85 percent sales tax rate on customers for purchasing a vehicle. Additionally, certain amounts paid must be excluded when calculating your credit, such as any amount claimed as a federal tax credit, any amount claimed as a self-employment expense, and any amounts paid toward supplemental insurance plans, including Medicare and separate dental or vision coverage. The Low-income Housing Credit is available to taxpayers who live in a low-income housing project. The Department collects taxes when an applicant applies for title on a motor vehicle, trailer, all-terrain vehicle, boat, or outboard motor (unit), regardless of the purchase date. A financial advisor can help you understand how taxes fit into your overall financial goals. Do you need access to a database of state or local sales tax rates? You'll save on sales taxes if the selling price is higher than that amount since it's not taxed by the state. Dealerships may also charge a documentation fee. For additional information click on the links below: Motor vehicle titling and registration Motor vehicle title penalties you need to consider those fees in order to get an accurate OTD price. Some of this money goes to FICA taxes and federal income taxes. It covers mortgage rates and other important information for moving to the city. Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. 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. Exemptions include: Utah does not offer a tax credit on EV vehicles. If you're making a down payment and financing, it should factor those in as well. So What Happens When an Autonomous Car Gets Pulled Over? Your feedback is very important to us. All Rights Reserved. The vehicle license tax is the most expensive, which we have calculated above for $100,000 worth of a new car ($1,680). Doc fees cover the dealers cost for processing the paperwork for the purchase, title, and registration of the bike. Average DMV fees in Utah on a new-car purchase add up to $1541, which includes the title, registration, and plate fees shown above. Share your RV wisdom with our online community by leaving a comment below. 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. 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. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. That way, you know what youre really going to be paying. Dealerships may also charge a documentation fee or "doc fee", which covers the costs incurred by the dealership preparing and filing the sales contract, sales tax documents, etc. Click here to get more information. Tax-Rates.org The 2022-2023 Tax Resource. Certain products are fully exempt from sales tax. This is not an offer to buy or sell any security or interest. There Are a Lot More Ways to Drive Distracted in Ohio Now, European Union Sets Scary Precedent for Autonomous Cars. But know that the lowest rate in Utah is 6.1% and the highest is 9.05%. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. Why? This means that, in addition to the price of the car, you typically have to pay the following costs: The documentation fee is set by law in some states, and in others, it's not. Cities and municipalities in Utah can collect sales taxes up to the rate of 2.1 percent. To find out the amount of all taxes and fees for your particular vehicle, please call the DMV at (801) 297-7780 or 1-800-DMV-UTAH (800-368-8824). The "out-the-door price" is a dealer term for the total price of a vehicle with all of the necessary fees factored in. 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. Yes. Purchase Amount $ Purchase Location ZIP Code -or- Specify Sales Tax Rate 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. 2023 FindtheBestCarPrice.com, Front vehicle photos 1986-2023 Autodata, Inc. dba Chrome Data. Some calculators may use taxable income when calculating the average tax rate. Let us know in a single click. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. If you make $70,000 a year living in Utah you will be taxed $11,594. Before you seal the deal on your new car, make sure you ask about all the fees and costs. If youre ready to find an advisor who can help you achieve your financial goals, get started now. And remember to ALWAYS ask for an OTD price if youre unsure! Your employer does not match this surtax. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. What is the most important reason for that score? In other words, be sure to subtract the rebate/incentive amount from the car price before calculating sales tax. Utah taxpayers may qualify for the taxpayer tax credit. Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Depending on your state, the calculation process can be complicated. Different requirements, fees, and taxes apply, depending on your vehicle type and other factors. Use Edmunds Price Checker to input your specific details. This is tied for the seventhth-lowest of any U.S. state (South Carolina). You dont have to pay sales tax on trade-ins in Utah. The sales tax rules remain the same whether the car is new or used. After all, the bike wont be yours unless you own the title, which means you have to pay the title fee, and same goes with the rest of these fees, they are either mandatory or, oftentimes, non-negotiable. Income taxes sell any security or interest use taxable income when calculating the average tax rate in Utah youll., multiply it with the vehicle and the highest is 9.05 % of any errors in the calculator our. 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