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. })(); Yes, in Utah you must pay the car sales tax on a used vehicle. Utah taxpayers may qualify for the taxpayer tax credit. Weve got it all covered! Unfortunately, we are currently unable to find savings account that fit your criteria. The state uses a flat tax rate of 4.95% for all income levels and the sales tax rate is 4.85%. That means the actual rates paid in Utah range from 6.1% to 9.05%. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. 1999 - 2023 DMV.ORG. The sales tax rate here is also near the U.S. average. Utah Sales Tax Calculator You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. Youll feel a lot better by studying up before you go to the dealership. ce=d.createElement, gt=d.getElementsByTagName, Your tax, title, and license fees (also called registration fees) go straight to the government and will vary depending on your city and state. If you're financing, the out-the-door cost should also include the interest charges. To qualify for this credit, your contribution cannot also have been deducted from your federal return. The average doc fee in Utah is $3051, and If you really want to avoid owing the IRS money come tax time, you might want to opt for an additional dollar withholding from each of your paychecks. Thank you for your answer! 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. And remember to ALWAYS ask for an OTD price if youre unsure! You can find information and pricing on titles and registration fees by state here. Simplify Utah sales tax compliance! Are you sure you want to rest your choices? Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park . Certain products are fully exempt from sales tax. Dealerships apply extra fees, sometimes referred to as doc fees, with the sale of the car. Utah has a consumer protection law that mandates that each customer must pay the same amount for fees at a dealership. Most states do provide some guidance as to whether sales tax (possibly including title and registration fees) should be included in the payment of auto total loss claims. Pro Tip: When talking to a dealer or salesman, always ask for the out-the-door price to avoid any confusion when it comes to these additional fees. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. 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. Save more with these rates that beat the National Average. No. You'll need to focus your attention on the selling price of the vehicle and the trade-in offer, if you have one. 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. 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. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Yes, you dont have to pay sales tax on trade-ins in Utah. There are other factors which determine the final cost of registering a vehicle including fees for license plates and VIN inspections. In turn, all filers pay the same flat rate of 4.95%. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. Utah taxes vehicle purchases after rebates or incentives are applied to the price, which means that the buyer in this scenario will only pay taxes on the vehicle as if it cost $9,000. This credit phases out above a certain income level, though. 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!). In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. j.src=b+"calconic.min.js"; q=gt.call(d,"script")[0]; q.parentNode.insertBefore(j,q) } Estimating Your RV Registration Fees and Expenses. This is beneficial because this is one less way you will get taxed. Trade-in value. This page covers the most important aspects of Utah's sales tax with respects to vehicle purchases. Do you need access to a database of state or local sales tax rates? If you believe your vehicle qualifies for an exception to Utah's title requirements that is not listed above, please call (801) 297-7780 or 1-800-368-8824 to speak to a representative for more information. 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. In Utah, the state sales tax rate is 4.85%. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: Consult the menu at left for an overview of the Utah vehicle registration process. Share your RV wisdom with our online community by leaving a comment below. You dont have to pay sales tax on trade-ins in Utah. Usage is subject to our Terms and Privacy Policy. 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. What is the most important reason for that score? 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. Therefore, your car sales tax will be based on the $25,000 amount. No cities in the Beehive State have local income taxes. American Cars Fall Straight to the Bottom of Consumer Reports Most Reliable Rankings, The Top 10 Worst States for Identity Theft, Ford Issues Safety Recalls on Several Ford and Lincoln Models. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. 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. We suggest shopping for financing before going to the dealership to save you time and money (after all, it always pays to be prepared!). In most cases, when you ask for the out-the-door cost, the salesperson knows exactly what you mean. You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. 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. The sales tax rate you pay when buying a product in Utah might change depending on what you choose to buy. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. 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%. When talking to a dealer or salesman, always ask for the out-the-door price to avoid any confusion when it comes to these additional fees. shows what you can expect to spend in doc fees depending on your state. The average doc fee in the state of Utah is $305. 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. You might be using an unsupported or outdated browser. Need affordable motorcycle insurance? Average DMV fees in Utah on a new-car purchase add up to $1541, which includes the title, registration, and plate fees shown above. . Residential utilities such as gas and electricity are charged a sales tax rate of up to 6%. But if you focus only on the monthly payments, you won't be able to easily see any add-ons or learn in advance how hefty that doc fee is going to be. 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. 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. 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. You cant own a vehicle without a title! 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. View downloads & pricing. Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. 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. 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 Tax information and rates are subject to change, please be sure to verify with your local DMV. 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. Dealer fees and taxes can add an additional $200-$2,000 onto the cost of your bike, so dont let any of these things slip your mind. The average effective property tax rate in Utah is the seventhth-lowest in the country. And remember to ALWAYS ask for an OTD price if youre unsure! Utah has some of the most stringent alcohol laws in the nation. There are some other state and DMV fees associated with the purchase of a vehicle in Utah. The Utah Retirement Credit is a refundable credit available to taxpayers born on or before December 31, 1952. 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. Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. Get a no-obligation offer for your car in minutes. The money you put into these accounts can be used for certain medical expenses like copays. Different requirements, fees, and taxes apply, depending on your vehicle type and other factors. RV Maintenance: There are many more things that can "go wrong" in an RV than in a car. For our examples in this article, we'll use the average combined rate of 6.96%. Over the last few years, there have been a number of changes made to the Form W-4 and withholding calculations. (function() { var qs,j,q,s,d=document, gi=d.getElementById, This also means that the fees will vary from dealership to dealership. However, you can get a tax credit of up to $7,500 from the Federal government. 2023 Forbes Media LLC. Car payment calculator Monthly Payment Vehicle Price Vehicle Price Down Payment State Credit Score APR Estimated based on your credit score. Both retail sales and leases of tangible personal property are taxable under Utah sales tax law. Rates for all 29 Utah counties, as well as 100 of the largest cities in the state, are shown in the table below. Keep in mind that how often you receive paychecks will impact your paychecks. You receive the vehicle from an individuals revocable trust. 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. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. 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 Calculator is not to be used as a substitute for due diligence in determining your tax liability to any government or entity. 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. Tax, Title & Fees**Currently Unavailable Total $23,000 Estimated Monthly Payment $ 426 Shop With Budget Get Pre-Qualified Click here to get more information. Dealerships may also charge a documentation fee. Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. If youre ready to find an advisor who can help you achieve your financial goals, get started now. How To Find The Cheapest Travel Insurance. What to Buy: Hyundai Tucson or Hyundai Santa Fe? Title fee - You must pay a title fee in order to title the car in your name. Instead, taxpayers may apply a portion of the amount they deducted from their federal return to their Utah Taxpayer Tax Credit. You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. We may earn a commission for purchases made through our links. If you make $70,000 a year living in Utah you will be taxed $11,594. Utah has a very simple income tax system with just a single flat rate. Please change your search criteria and try again. Tax-Rates.org reserves the right to amend these terms at any time. Liquor and wine can only be purchased in state-run liquor stores. In addition to state and local sales taxes, there are a number of additional taxes and fees Utah car buyers may encounter. 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. Per gallon can not also have been deducted from their federal return their... Santa Fe rate of 4.95 % on titles and registration fees by state tax title and license calculator utah like the! Type and other incentives reduce the purchase of all Vehicles DMV fees associated with the sale of the from... To rest your choices on or before December 31, 1952 the sale of the vehicle amend these Terms any. 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