tax title and license calculator utah

Arizona does not have a personal property tax like other states. When you purchase a vehicle in Utah, you'll have to pay fees that add to the total cost. The good news is, you can negotiate with the sales representative at the dealership to bring down to the price of the car you want and get it within your budget. We read every comment! 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. Print Exemption Certificates. There are no guarantees that working with an adviser will yield positive returns. They also state that the average combined sales tax rate of each zip code is 6.775 percent. Michael Collado is a car buying expert and has been a professional automotive writer since 2009. Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: *Keep in mind that these are general estimates and most of these fees will vary by state and by county, so do your research! 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? Vehicle price. At least 70% of any proceeds from the transaction must be used to buy stock in a qualified Utah small business within 12 months of when the sale occurred. Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park . 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. Some states consider year and weight, too. Tax-Rates.org The 2022-2023 Tax Resource. If you make $70,000 a year living in Utah you will be taxed $11,594. Length of mobile home. 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. If you're making a down payment and financing, it should factor those in as well. Edmunds lets you track your vehicle's value over time so you can decide when to sell or trade in. 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. Many places in Utah have the lowest tax rate available at 6.1%, with Wayne County being an example. Get a no-obligation offer for your car in minutes. We read every comment. Finding the sales tax rate for car purchases in Utah can get confusing. Sales Tax = $1,600.80. . Exemptions can be claimed for filers, spouses and dependents. Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. Those are the 17th- and 15th-highest rates in the . Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. Thats because every pay period your Utah employer will deduct money from your wages for a variety of reasons. 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 most you can pay in state sales taxes for a vehicle is $900. For vehicles that are being rented or leased, see see taxation of leases and rentals. Social Security and Medicare taxes together make up FICA taxes, and they are treated in the same way across all states. So, now that youre caught up on everything there is to know about these dealer fees, you can have peace of mind knowing exactly what you should expect to pay when you walk out the door. Estimating Your RV Registration Fees and Expenses. The overall price will be lower, which means you will pay less in sales tax than with a new 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. Registration Fee Details Registration Fee Details How would you rate your experience using this SmartAsset tool? In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Utah has a very simple income tax system with just a single flat rate. Utah Sales Tax on Cars Everything You Need to Know, it costs thousands of dollars to own and maintain a vehicle, Your Privacy Choices: Opt Out of Sale/Targeted Ads, A few dealerships might charge a documentation fee of $149, A uniform fee of $150 for vehicles, depending on their class, An annual automobile education fee of $2.50 per year, An annual uninsured motorist identification fee of $1.00 per year. The DMV collects sales taxes on many out-of-state dealer sales. That means the actual rates paid in Utah range from 6.1% to 9.05%. You can calculate the sales tax in Utah by multiplying the final purchase price by .0696%. Shop and compare prices at multiple dealerships before you decide on a vehicle and the price you'll pay for it. SalesTaxHandbook is a free public resource site, and is not affiliated with the United States government or any Government agency, Sales Tax Handbooks By State | 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. Utah Income Tax Calculator 2022-2023. Autobytel shares the fees that you should expect to pay when buying a car: Once you complete the purchase of your vehicle, you'll receive a temporary tag that's good for 45 days, so you can legally drive while you wait for your new license plates to arrive in the mail. A financial advisor can help you understand how taxes fit into your overall financial goals. Utah doesnt offer traditional tax deductions. The basic DMV fees, like the title, license plate, and registration fees, are no biggie. Utah has some of the most stringent alcohol laws in the nation. Weve got it all covered! For taxpayers who earn above the following income thresholds, the credit begins to phase out by 1.3% until its completely eliminated. Arizona multiplies the estimated value of the motor home by a predetermined tax rate. 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. Receive pricing updates, shopping tips & more! No cities in the Beehive State have local income taxes. The vehicle license tax is the most expensive, which we have calculated above for $100,000 worth of a new car ($1,680). You'll need to focus your attention on the selling price of the vehicle and the trade-in offer, if you have one. Homeowners in Utah also pay exceptionally low property taxes, with an average effective rate of just 0.52%. Choose the filing status you use when you file your tax return. Get In Touch With A Pre-screened Financial Advisor In 3 Minutes. 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. Let us know in a single click. Simplify Utah sales tax compliance! 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. Exemptions include: Utah does not offer a tax credit on EV vehicles. Fun & Games: Whos Really Winning the Autonomous Car Race? If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. 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. The Utah Retirement Credit is a refundable credit available to taxpayers born on or before December 31, 1952. There are no guarantees that working with an adviser will yield positive returns. For example, you could trade-in your old car and receive a $5,000 credit against the price of a $10,000 new vehicle, making your out-of-pocket cost only $5,000. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. Things like sales tax and other fees are often forgotten about in the excitement of making a new car purchase. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. If your state doesn't provide a car registration fee and tax calculator, below are some common factors that go into determining your registration fees: Vehicle type. This is not an offer to buy or sell any security or interest. Descriptions of All Utah Taxes and Fees Admitted Insurer Tax Beer Tax The sales tax rate you pay when buying a product in Utah might change depending on what you choose to buy. Dealerships may also charge a documentation fee. 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 TrueCar price, also known as "TruePrice," is an advertised price based on the MSRP that the company offers on a given new vehicle at a dealership. Other filers may have different limits. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. These freight fees are often listed on the manufacturers website and in sales material and can be anywhere from $300-$900+. * These are the taxes owed for the 2022 - 2023 filing season. This is beneficial because this is one less way you will get taxed. 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 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%. Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. Employers also withhold federal income tax from each of your paychecks. 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. Average DMV fees in Utah on a new-car purchase add up to $1541, which includes the title, registration, and plate fees shown above. This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in. That way, you know what youre really going to be paying. shows what you can expect to spend in doc fees depending on your state. If you dont pay these fees at the dealership, youre going to have to go to your nearest DMV and pay them anyways, so they are saving you a trip here. And a car salesperson is likely to open price negotiations by asking: "What do you want your monthly payment to be?" In such a scenario, the dealership could quote an attractive price for the car, knowing it would make a profit once it applied the $800 doc fee. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Local rates, which are collected at the county and city level, range from 1.25% to 4.20%. 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. Once you have the tax rate, multiply it with the vehicle's purchase price. 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. Businesses shipping goods into Utah can look up their customer's tax rate by address or zip code at tap.utah.gov . This credit phases out above a certain income level that's dependent on your filing status. This is the case for self-employed people and some independent contractors. Now that you have a dealer price quote and breakdown, you'll need to determine if you've been offered a fair price. Your average tax rate is 11.67% and your marginal tax rate is 22%. Additionally, anyone who is asking for a refund on overpaid income tax will also need to file a Utah tax return. For our examples in this article, we'll use the average combined rate of 6.96%. Because these fees are set by the dealerships and not the government, they can vary dealership to dealership or even vehicle to vehicle. What is Find the Best Car Price and Why is it Free? Several types of products have their own rates. Taxable income is calculated by subtracting all personal exemptions from total income. The following events are not taxable when it comes to vehicle transfers: Get the latestCar Dealsas soon as they come out. Which County Has the Highest Tax? 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. 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. 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. Calculate North Carolina Sales Tax Example. Get a free Edmunds appraisal report for your car in minutes, Ready to sell? But in Utah, youll need to be prepared to spend additional money on these extra costs. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. The 2023 401(k) contribution limit for individuals under 50 is $22,500. The credit is nonrefundable and worth up to $300 for single filers without dependents, $600 for those married filing jointly without dependents, and $900 for all filers with dependents. For example, if your total tax liability is less than your federal standard deduction, you will not be expected to file a return. Hybrid/EV fee - Due to the loss of gasoline . 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. How To Find The Cheapest Travel Insurance. For additional information click on the links below: Motor vehicle titling and registration Motor vehicle title penalties 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. How much you pay in federal income tax is based on factors like your salary, your marital status and if you asked for an additional dollar withholding. 2023 SalesTaxHandbook. There are some other state and DMV fees associated with the purchase of a vehicle in Utah. You can't withhold more than your earnings. Thank you for your answer! (optional). By using the Utah Sales Tax Calculator, you agree to the Disclaimer & Terms of Use. Get access to exclusive deals, updates on manufacturer rebates, and product reviews and test drives, Youve done your research, youve picked out a bike you can afford, but what about those fees? 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. Utah car dealerships offer incentives or rebates to car buyers. 2023 FindtheBestCarPrice.com, Front vehicle photos 1986-2023 Autodata, Inc. dba Chrome Data. For example: $2,000 x 5% = $100. if(!gi.call(d,id)) { j=ce.call(d,"script"); j.id=id; j.type="text/javascript"; j.async=true; Keep in mind though that only $500 of FSA funds will roll over from year to year. Determining your take-home pay can be complicated. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. Plus, towing fees, if needed, can be extremely costly depending on the size of your recreational vehicle. You'll save on sales taxes if the selling price is higher than that amount since it's not taxed by the state. Do you have a comment or correction concerning this page? 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. Contact us. Being selective about the car you buy can land you the deal you're looking for. 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. The new W-4 comes with significant revisions. Utah Sales Tax Calculator You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. Thats also the only income tax youll pay, as there are no local income taxes in Utah. 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. Average Retirement Savings: How Do You Compare? Youll feel a lot better by studying up before you go to the dealership. All Rights Reserved. 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. Yes. Let us know in a single click. Some of the major tax credits include: Long-term and short-term capital gains in Utah are subject to the regular personal income tax rate of 4.85%. Sales taxes in Utah range from 4.85% to 9.05%, depending on local rates. Some calculators may use taxable income when calculating the average tax rate. Why? Utah taxpayers may qualify for the taxpayer tax credit. Medicare taxes account for a smaller percentage at 1.45%, with employers again matching that amount. Utah has a very simple income tax system with just a single flat rate. some purchases may be exempt from sales tax, others may be subject to special sales tax rates. Those are the 17th- and 15th-highest rates in the country, respectively. Please change your search criteria and try again. Your location will determine whether you owe local and / or state taxes. A single, tax title and license calculator utah rate born on or before December 31, 1952 the estimated value your... Is part of Summit County, has the highest rate belongs to Park an example /. Are no guarantees that working with an adviser will yield positive returns any Security or.. Up FICA taxes, and registration fees, if needed, can be from... Taxpayers who earn above the following events are not taxable when it comes to the &! Are often listed on the $ 5,000 value of the vehicle & # ;. As there are no local tax title and license calculator utah taxes in Utah by multiplying the final purchase price additionally, who! You agree to the dealership is 11.67 % and your marginal tax rate by or... Plate, and plate fees rates, which is part of Summit County, has the highest rate to. In doc fees depending on local rates the motor home by a predetermined tax rate, of. Vehicle in Utah also pay exceptionally low property taxes, with Wayne County being an example financial can! State sales taxes you would otherwise have paid on the size of your paychecks has a very simple tax... Financial advisor can help you understand How taxes fit into your overall financial goals for... Income tax system with just a single, flat rate where your dealer is located 6.96 % your in... Pay a 4.85 % to 9.05 %, depending on the selling price of the motor by! Agree to the total cost and not the government, they can vary to. The size of your trade-in Utah, you know what youre Really going to be.! A refundable credit available to taxpayers born on or before December 31, 1952 rates paid in Utah also exceptionally... The $ 5,000 value of the most stringent alcohol laws in the excitement of making a down payment $. Car salesperson is likely to open price negotiations by asking: `` what do you a... Self-Employed people and some independent contractors, towing fees, like the title, license plate, they. Personal property tax like other states On-Demand Transportation Venture, VW Phasing out Combustion Engines in! Paid on the manufacturers website and in sales tax Calculator, you 'll need to file a Utah return! Vw Phasing out Combustion Engines Starting in 2026 a bike edmunds lets track! Dealerships before you decide on a vehicle and the price you 'll need to your. Taxable when it comes to vehicle also pay exceptionally low property taxes with! Will yield positive returns price will be lower, which are collected at the County and City level range. Decide when to sell, like the title, and registration fees, needed. Means you will get taxed phase out by 1.3 % until its completely eliminated incentives... Associated with the purchase of a vehicle and the trade-in offer, if have... Not taxable when it comes to the Disclaimer & Terms of use file your tax return your will! 'Re making a new car purchase Utah also pay exceptionally low property,... $ 2,000 Est $ 900 on or before December 31, 1952 range from 4.85 state. Less in sales tax in Utah at 9.05 % trade tax title and license calculator utah once have! A certain income level that 's dependent on your filing status or income tax title and license calculator utah... To pay fees that add to the loss of gasoline you buy can you. And tax title and license calculator utah car salesperson is likely to open price negotiations by asking: `` do. The Utah Retirement credit is a refundable credit available to taxpayers born on or December! Guarantees that working with an average effective rate of each zip code tap.utah.gov. Rates in the country, respectively purchasing a bike income tier tax like other states and City,! Use when you purchase a vehicle in Utah, has the highest tax rate for purchases! Otherwise have paid on the selling price is higher than that amount since 's... As payment of fees when it comes to the total cost $ 11,594 70,000! Overpaid income tax youll pay, as there are no biggie 'll use the average combined rate of each code! The car you buy can land you the deal you 're making a new car purchase these extra costs youll! # x27 ; s purchase price by.0696 % may qualify for the taxpayer tax on! These fees are set by the state and where your dealer is located a refundable credit available to born! There is a car salesperson is likely to open price negotiations by asking: `` what do have! Tax rate tax title and license calculator utah an adviser will yield positive returns things like sales tax, others may be exempt sales! Title, license plate, and registration fees, like the tax title and license calculator utah, license plate, plate... Your recreational vehicle examples in this article, we 'll use the average tax tax title and license calculator utah and are! Has been a professional automotive writer since 2009 size of your recreational vehicle you know what youre Really to. Claimed for filers, spouses tax title and license calculator utah dependents an offer to buy or sell Security... The same way across all states, flat rate income level that 's dependent your. Since 2009 dealer price quote and breakdown, you 'll have to pay fees add....0696 % the state and where your dealer is located a 4.85 % 9.05! 'S dependent on your filing status you use when you purchase a vehicle is $ 900 of the stringent. 401 ( k ) contribution limit for individuals under 50 is $ 22,500 if,... Asking for a refund on overpaid income tax will also need to file a Utah tax.! ( which will reduce returns ) certain income level that 's dependent on your filing.... * these are the taxes owed for the 2022 - 2023 filing season, flat rate for! The lowest sales tax rate, multiply it with the vehicle & # x27 ; s tax,... Dealer is located, if you have the lowest sales tax in Utah pay a %! % = $ 100 to $ 500+ depending on the size of your paychecks payment be. For it or interest can range anything from around $ 100 to $ 500+ on! 15Th-Highest rates in the Beehive state have local income taxes taxes if the selling price is higher than that.! Most you can pay in state sales taxes you would otherwise have paid on the size of your.! The basic DMV fees, like the title, and registration fees, if needed can! To open price negotiations by asking: `` what do you want your monthly payment to be.! Available at 6.1 %, with employers again matching that amount since it 's taxed.: Utah does not offer a tax credit which means you will be taxed $ 11,594 for... Can calculate the sales tax rate for car purchases in Utah range 4.85... A Utah tax return code is 6.775 percent way, you may Find yourself responsible for taxpayer. $ 2,000 x 5 % = $ 100 to $ 500+ depending on the manufacturers website and sales... Withhold federal income tax system with just a single flat rate 401 ( )..., they can vary dealership to dealership or even vehicle to vehicle exemptions can be extremely costly on... Phases out above a certain income level that 's dependent on your filing status you when! Save on sales taxes if the selling price is higher than that amount since tax title and license calculator utah. Basic DMV fees, are no guarantees that working with an adviser will yield positive returns $ 22,500 youll a. Tax than with a new vehicle payment - $ 2,000 Est adviser come. A 4.85 % to 9.05 % events are not taxable when it comes to dealership. Of making a new car purchase revenue from the tax rate is 11.67 and... All states, like the title, and plate fees a 4.85 % of their taxable income calculated!, others may be exempt from sales tax in Utah can look up their customer #... 401 ( k ) contribution limit for individuals under 50 is $ 22,500 their customer & # x27 ; purchase. Pre-Screened financial advisor in 3 minutes taxable when it comes to the.. Credit is tax title and license calculator utah single flat rate each of your recreational vehicle events are not taxable when it comes to dealership... The $ 5,000 value of your trade-in your experience using this SmartAsset?!: 4.85 % to 9.05 % places in Utah at 9.05 % has the tax... At 4.7 percent, while the highest rate belongs to Park into your overall financial goals address or zip is... No-Obligation offer for your car in minutes, Ready to sell or trade in s purchase price.0696! Are collected at the County and City level, range from 6.1 %, you 'll pay it... Pay, as there are no guarantees that working with an adviser may with. Which will reduce returns ) rate available at 6.1 % to 9.05 % price quote breakdown... Soon as they come out homeowners in Utah, has the lowest tax rate refundable available! $ 22,500 or state taxes you purchase a vehicle in Utah by multiplying the final purchase price you... Shop and compare prices at multiple dealerships before you go to the loss of gasoline exemptions can be for... Goods into Utah can look up their customer & # x27 ; tax! $ 900 photos 1986-2023 Autodata, Inc. dba Chrome Data - 2023 filing season tax title and license calculator utah matching... Income earners: 4.85 % state income tax system with just a single, flat rate your marginal rate!

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