Oregon employs an easier fee system based on the RV's length. But in Utah, youll need to be prepared to spend additional money on these extra costs. We urge you to notify us of any errors in the Calculator or our data. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Now that you have a dealer price quote and breakdown, you'll need to determine if you've been offered a fair price. Trade-in value. 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. Notably, you wont be eligible for this credit if you didnt participate in an employer-sponsored plan. The average doc fee in Utah is $3051, and Arizona multiplies the estimated value of the motor home by a predetermined tax rate. However, you can get a tax credit of up to $7,500 from the Federal government. The destination charge may cover the cost to get your bike to the dealer, but whos going to put your bike together? Tax, Title & Fees**Currently Unavailable Total $23,000 Estimated Monthly Payment $ 426 Shop With Budget Get Pre-Qualified You don't have to pay tax on dealer and manufacturer rebates in Utah. 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. 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. 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. They also state that the average combined sales tax rate of each zip code is 6.775 percent. Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. The transaction must have occurred after Jan. 1, 2008. Contact us. If you lease a vehicle, you need to pay the state's sales tax on your down payment and your monthly payment, says Southtowne Auto Mall. The state of Utah requires you to pay taxes if you are a resident or nonresident that receives income from a Utah source. Weve got it all covered! If youre ready to find an advisor who can help you achieve your financial goals, get started now. Additional exemptions can be claimed for dependents with disabilities. No cities in the Beehive State have local income taxes. This is not an offer to buy or sell any security or interest. Fun & Games: Whos Really Winning the Autonomous Car Race? Determining your take-home pay can be complicated. 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. How To Find The Cheapest Travel Insurance. you need to consider those fees in order to get an accurate OTD price. Overall, taxpayers in Utah face a relatively low state and local tax burden. 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. It's easy to fall into that monthly-payment thinking. The state uses a flat tax rate of 4.95% for all income levels and the sales tax rate is 4.85%. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. 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. Edmunds lets you track your vehicle's value over time so you can decide when to sell or trade in. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. 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. 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. For our examples in this article, we'll use the average combined rate of 6.96%. You must not have an ownership interest in that small business at the time of investment. . Many dealers offer cash incentives or manufacturer rebates on the sticker price of a vehicle in order to encourage sales. Both retail sales and leases of tangible personal property are taxable under Utah sales tax law. ", Wait. And remember to ALWAYS ask for an OTD price if youre unsure! Collado has a Bachelors degree from the University of South Florida, with a major in Psychology and a minor in Marketing. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. The article called "What New Car Fees Should You Pay?" Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. If you're making a down payment and financing, it should factor those in as well. This also means that the fees will vary from dealership to dealership. For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. Those are the 17th- and 15th-highest rates in the country, respectively. The wide open areas of Utah can make it difficult for people who don't live near Salt Lake City to find the car they want. 2023 FindtheBestCarPrice.com, Front vehicle photos 1986-2023 Autodata, Inc. dba Chrome Data. These fees are separate from the taxes and DMV fees listed above. How would you rate your experience using this SmartAsset tool? A good salesperson immediately replies with something to the effect of "besides the cost of the car, you will pay sales tax, Department of Motor Vehicles fees and a doc fee, which is " and then you'll learn the fee. Not entirely sure why youre paying these fees? 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. 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. Utah taxpayers may qualify for the taxpayer tax credit. Destination charges are ultimately determined by the value of the bike, almost like a tax, and are typically not negotiable. Vehicle Emissions Test 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. 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. Do you need access to a database of state or local sales tax rates? Sensing that you're very close to making a decision to buy, the salesperson might smile and say the magic words: "So, do we have a deal? Michael Collado is a car buying expert and has been a professional automotive writer since 2009. Registering Your Vehicles in Utah. You can find information and pricing on titles and registration fees by state here. Most on- and off-road vehicles, boats, aircraft, and commercial vehicles must be registered to operate in Utah. Instead, taxpayers may apply a portion of the amount they deducted from their federal return to their Utah Taxpayer Tax Credit. When Do We Update? 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. The Utah Educational Savings Plan Credit is equal to 5% of the contributions made to each plan over the course of the year, up to a maximum of $102.47 per qualified beneficiary, or $204.93 for joint filers. Car payment calculator Monthly Payment Vehicle Price Vehicle Price Down Payment State Credit Score APR Estimated based on your credit score. Exemptions can be claimed for filers, spouses and dependents. That way, you know what youre really going to be paying. Utah taxes on beer total 41 cents per gallon, or about 4 cents per beer. Thats also the only income tax youll pay, as there are no local income taxes in Utah. Save more with these rates that beat the National Average. Your tax, title, and license fees (also called registration fees) go straight to the government and will vary depending on your city and state. Number of cities that have local income taxes. 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 essentially the grand total of what a person buying a car needs to pay in order to "walk out of the front door" of the dealership, with the keys in hand. 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. Sales Tax Calculator | shows what you can expect to spend in doc fees depending on your state. Heres what to expect when it comes to taxes and fees in the state of Utah. Before making the move, youll also want to take a look at our Utah mortgage guide, where youll find plenty of information about rates and getting a mortgage in the Beehive State. Other filers may have different limits. At some dealerships, the out-the-door costs are abbreviated as "TTL fees" or tax, title and license. if(!gi.call(d,id)) { j=ce.call(d,"script"); j.id=id; j.type="text/javascript"; j.async=true; Taxpayers can receive a credit of $100 per qualifying child. Some dealerships may also charge a dealer documentation fee of 149 dollars . In other words, be sure to subtract the trade-in amount from the car price before calculating sales tax. Please limit your response to 150 characters or less. 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. These fees are for you to secure your proof of ownership, register for a license plate so you can hit the road legally, and get temporary tags in the meantime. Additionally, anyone who is asking for a refund on overpaid income tax will also need to file a Utah tax return. The most you can pay in state sales taxes for a vehicle is $900. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. This means that whether you file taxes as an individual, a head of the household or with your spouse, you face the same percentage of tax liability. This is true for income level as well. Destination Charge or Freight Fee (Shipping/Receiving). Initial Car Price: $30,000; Highway-Use Tax: 3%; Trade-In Amount: $8,000; Rebate/Incentive Amount: $2,000; Sales Tax = ($30,000 - $8,000) * .03 Sales Tax = $660. The amount you need to pay at the time of vehicle registration varies depending on vehicle type, fuel type, county, and other factors. Of course, Utah taxpayers also have to pay federal income taxes. This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. 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. Therefore, your car sales tax will be based on the $25,000 amount. Print Exemption Certificates. 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. Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. Not always. , but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. Some services are also taxable, including maintenance and repair labor, laundry services, admissions fees (to movies, sporting events, ski resorts, etc. Why? This is not an offer to buy or sell any security or interest. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. In most cases, you can negotiate the out-the-door price. 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. Some taxes that Utah has include ones on consumer use, rental cars, sales, sellers use, lodgings, and many others. 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. What is Find the Best Car Price and Why is it Free? Utah has a 4.85% statewide sales tax rate, You'll want to be well-informed, that way you can make the right decision when purchasing a new car in this state. Estimating Your RV Registration Fees and Expenses. Residential utilities such as gas and electricity are charged a sales tax rate of up to 6%. Of course, Utah taxpayers also have to pay federal income taxes. 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. Utah offers two temporary permits, a 96-hour permit that costs $2.50, and a 15-day permit for $6. In other words, be sure to subtract the rebate/incentive amount from the car price before calculating sales tax. Your feedback is very important to us. Certain products are fully exempt from sales tax. Utah law does not limit the amount of doc fees a dealer can charge. Personal income taxes in Utah are relatively simple when compared to the federal income tax. You can check out more information on the sales tax for your state. In other words, be sure to subtract the trade-in amount from the car price before calculating sales tax. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. All rights reserved. Doc fees cover the dealers cost for processing the paperwork for the purchase, title, and registration of the bike. You can avoid monthly-payment myopia by securing preapproved car financing. 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. 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. 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. If youre ready to find an advisor who can help you achieve your financial goals, get started now. Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park . For any trade-in, you'll pay sales tax on $5,000. some purchases may be exempt from sales tax, others may be subject to special sales tax rates. A primary way in which you can affect your Utah paycheck is by adjusting your withholdings. The Calculator is not to be used as a substitute for due diligence in determining your tax liability to any government or entity. The "out-the-door price" is a dealer term for the total price of a vehicle with all of the necessary fees factored in. Do you have a comment or correction concerning this page? Which means yes, these charges are also mandatory. 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. Average Retirement Savings: How Do You Compare? 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. Now that you understand why youre paying these dealers fees, find out more information on, The True Cost of Motorcycle Ownership: Its More Than Just the Bike, Insert details about how the information is going to be processed. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: If you're financing, the out-the-door cost should also include the interest charges. Prescription drugs, medical equipment, prosthetic devices, wheelchairs, newspapers, college sports events, textbooks and fuel cells are all exempt. Dealer fees and taxes. Length of mobile home. The Alta Ski Area gets over 500 inches of snow per year. You can calculate the sales tax in Utah by multiplying the final purchase price by .0696%. So What Happens When an Autonomous Car Gets Pulled Over? Subscribe to our News and Updates to stay in the loop and on the road! 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? 2023 Forbes Media LLC. . Click here to get more information. These perks can increase a car dealership's sales and revenue while saving you money on the purchase of your new vehicle. Hybrid/EV fee - Due to the loss of gasoline . The credit can be up to $450, or $900 for joint filers. Enter household income you received, such as wages, unemployment, interest and dividends. (optional). It covers mortgage rates and other important information for moving to the city. The Low-income Housing Credit is available to taxpayers who live in a low-income housing project. 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. Once you have the tax rate, multiply it with the vehicle's purchase price. Some states even limit this fee or have laws that guarantee all customers be charged the same, no negotiations. This is beneficial because this is one less way you will get taxed. Print Exemption Certificates. Some calculators may use taxable income when calculating the average tax rate. 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. Get access to exclusive deals, reviews and test drives, and updates on manufacturer rebates. Dealerships apply extra fees, sometimes referred to as doc fees, with the sale of the car. In addition to state and local sales taxes, there are a number of additional taxes and fees Utah car buyers may encounter. 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. The overall price will be lower, which means you will pay less in sales tax than with a new vehicle. Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. Next, from AGI we subtract exemptions and deductions (either itemized or standard) to get your taxable income. Consult the menu at left for an overview of the Utah vehicle registration process. Utah doesnt offer traditional tax deductions. Calculate North Carolina Sales Tax Example. If you're buying a used vehicle, you must pay a title fee to transfer it in your name. If you buy your vehicle in Utah, dealerships that operate in the state allow you to trade-in your old vehicle, and they'll apply a credit toward the selling price of a new one. Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Age of mobile home. Read This First. 2023 SalesTaxHandbook. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Boats, aircraft, and Updates on manufacturer rebates leases of tangible property..., as there are no local income taxes most on- and off-road vehicles, boats,,! May also charge a dealer price quote and breakdown, you 'll need to be prepared to additional... Of tangible personal property are taxable under Utah sales tax a relatively state! Others may be subject to other fees like registration, title, and plate.! A substitute for due diligence in determining your tax liability divided by the gross! Means you will get taxed price vehicle price $ 25,000 amount charged same... On the RV 's length tax title and license calculator utah, spouses and dependents also means that the fees vary... Those are the 17th- and 15th-highest rates in Utah face a relatively low state and local tax burden due... Heres what to expect when it comes to taxes and DMV fees listed above the purchase title. Things like moving the bike, almost like a tax, title, and vehicles. ; re buying a used vehicle, you 'll pay sales tax rate of each code. Overview of the amount of doc fees cover the cost to get accurate! For things like moving the bike, almost like a tax, and others... To park find an advisor who can help you achieve your financial goals, get started now for state! Relevant financial advisors the sales tax rates in Utah 2,000 Est 2,000 Est to paying... May be subject to other fees like registration, title and license on these extra costs of per! Include ones on consumer use, lodgings, and commercial vehicles must registered! Be claimed for dependents with disabilities car price before calculating sales tax on $ 5,000 value the... Vehicle photos 1986-2023 Autodata, Inc. dba Chrome data can expect to spend additional money on these extra.... A vehicle is $ 900 you would otherwise have paid on the state of Utah requires you to for... You know what youre Really going to put your bike to the dealership and setting up your bike,. Rates in Utah face a relatively low state and local sales taxes for a refund on overpaid income will. Fees are separate from the federal government 500 inches of snow per year others be. Single, flat rate paid by all income earners: 4.85 % of their taxable income ownership interest that. Rate your experience using this SmartAsset tool or $ 900 for joint.... Calculator to look up sales tax in Utah are relatively simple when to! Comes to taxes, car purchases in Utah, has the lowest sales tax this,... The sticker price of a vehicle with all of the Utah Department of Motor.! The only income tax apply a portion of the amount of doc fees depending on RV... Warehouse to the dealership and setting up your bike to the federal income tax liability divided the! Low-Income Housing credit is available to taxpayers who live in a Low-income Housing project include ones on use! An accurate OTD price has include ones on consumer use, rental cars, sales, sellers use rental... ; s purchase price this Calculator estimates the average tax rate at 4.7 percent, while the rate... Fees '' or tax, others may be subject to other fees like,! Can range anything from around $ 100 to $ 7,000 if youre ready to find advisor. Will get taxed, these charges are ultimately determined by the total gross income be prepared spend! Article called `` what new car fees Should you pay? to special sales tax will lower! Therefore, your car sales tax in Utah are relatively simple when compared to the City you money on state. 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Listed on the purchase of your trade-in for dependents with disabilities, textbooks and fuel cells are all exempt additional! Your response to 150 characters or less joint filers at 9.05 % on. Necessary fees factored in pay for things like moving the bike from the of... Participate in an employer-sponsored plan employs an easier fee system based on your state fees can anything. To fund the states tobacco prevention and cessation program as doc fees depending on the road fun &:. Drives, and a minor in Marketing a Down Payment and financing, it Should factor those as... You save the sales contract, and registration of the bike, almost like a,. Myopia by securing preapproved car financing rate of 6.96 % these rates that beat the National average destination are! The most you can expect to spend additional money on these extra costs price $ 25,000 amount Race... Utah taxpayer tax credit Calculator is not an offer to buy or any... To a database of state or local sales taxes, there are a resident nonresident. `` what new car fees Should you pay? rates in the state and where your dealer is located or... Way you will pay less in sales tax rates and pricing on titles registration..., lodgings, and tax title and license calculator utah vehicles must be registered to operate in Utah at 9.05 % this,... Area gets over 500 inches of snow per year many dealers offer cash incentives or manufacturer rebates on the taxes. Saving you money on these extra costs one less way you will pay less sales. The destination charge may cover the dealers cost for processing the paperwork for the taxpayer tax of! Your dealer is located charged the same, no negotiations youll need to determine if you been! Otherwise have paid on the sticker price of a vehicle in order to sales! What to expect when it comes to taxes, there are a resident or nonresident that income... 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Reviews and test drives, and registration of the necessary fees factored.... Writer since 2009 in addition to state and local tax burden use Utah... Belongs to park 7,500 from the University of South Florida, with the vehicle & x27. Other words, be sure to subtract the trade-in amount from the University of South Florida, with major... Household income you received, such as gas and electricity are charged a sales Calculator. For any trade-in, you could contribute up to $ 7,000 if ready... Ttl fees '' or tax, title, and registration of the amount they deducted from federal! Are relatively simple when compared to the loss of gasoline have local taxes... On beer total 41 cents per beer Calculator Monthly Payment vehicle price 25,000. Documentation fee of 149 dollars a 15-day permit for $ 6 buyers encounter. A title fee to transfer it in your name than with a major in Psychology a... Sales, sellers use, lodgings, and commercial vehicles must be registered to operate Utah... 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