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When you buy a car, you have to pay Indiana sales tax on the purchase, plus excise tax to register the vehicle. The state charges a 7% sales tax on the total car price at the moment of registration. Although trade or dealer discounts are taken off from the sales price, any manufacturer discounts are not deducted from the sales price for tax ...
Feb 18, 2024 · Consider how an 8% sales tax on a $15,000 car can unexpectedly increase your total cost by $1,200, excluding additional fees like those for the DMV, documentation, and registration. With sales tax varying significantly by state, and some states not imposing one at all, it's crucial to grasp these details.
When buying a used car in Indiana, don’t get caught off guard by the state’s vehicle sales tax. We give you the lowdown so you know what to expect. Indiana's motor vehicle sales tax is 7% of the vehicle's purchase price. Unlike many other states, Indiana has no county sales tax. 7% places Indiana in the top-tier bracket for sales tax rates.
Sales and Use Tax. When you purchase a vehicle in Indiana, you must pay sales tax on the purchase price of the vehicle. If a vehicle is purchased from an Indiana dealership, the dealer will collect the sales tax and provide proof of the sales tax paid on an ST108 – Certificate of Gross Retail or Use Tax Paid – State Form 48842. If a vehicle ...
Car taxes and fees in Indiana can vary depending on several factors, including the type of vehicle, its value, and your location within the state. When calculating the taxes and fees on your next vehicle purchase in Indiana, you can typically anticipate registration fees, sales tax, and a title transfer fee.
Feb 8, 2024 · How much is the car sales tax rate in Indiana? The statewide sales tax in Indiana is 7% and is applied to any car purchase, regardless of whether it’s new or used. The sales tax rate is the same in all 281 local tax jurisdictions across the state of Indiana.
Oct 6, 2023 · This means that your sales tax is $2,100 on a $30,000 purchase price. Calculate Car Sales Tax in Indiana Example: Initial Car Price: $30,000; Sales Tax Rate: 7%; Trade-In Amount: $5,000; Manufacturer Rebate: $2,000; Dealer Rebate: $3,000; Sales Tax = ($30,000 – $5,000 – $3,000) * .07 Sales Tax = $1,540. Remember that the total amount you ...
