You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. Oregon employs an easier fee system based on the RV's length. The state rate is 4.85%. You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. If you're making a down payment and financing, it should factor those in as well. id="calconic_", b="https://cdn.calconic.com/static/js/"; 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. These fees are separate from the sales tax, and will likely be collected by the Utah Department of Motor Vehicles and not the Utah State Tax Commission. Unfortunately, we are currently unable to find savings account that fit your criteria. 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? 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. Average Retirement Savings: How Do You Compare? Enter your financial details to calculate your taxes, Find a Savings or CD account that works for you. Vehicle Emissions Test 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%. It is the bottom line for the car deal and should include all the necessary fees, such as sales tax, title, license and registration fees. You do not have to pay sales tax if the vehicle is gifted to you from a spouse, parent, child, grandparent, or grandchild. Registration Fee Details Registration Fee Details If you are considering purchasing a property in Utah or are looking to refinance, check out our Utah mortgage guide. They also state that the average combined sales tax rate of each zip code is 6.775 percent. 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. Click here to get more information. If youre ready to find an advisor who can help you achieve your financial goals, get started now. All rights reserved. Do you need access to a database of state or local sales tax rates? Tax-Rates.org The 2022-2023 Tax Resource. View downloads & pricing. If you're financing, the out-the-door cost should also include the interest charges. Overview of Utah Taxes. How to Calculate Utah Sales Tax on a Car You can calculate the sales tax in Utah by multiplying the final purchase price by .0696%. No. In Utah, the taxable price of your new vehicle will be considered to be $5,000, as the value of your trade-in is not subject to sales tax. Heres what to expect when it comes to taxes and fees in the state of Utah. This also means that the fees will vary from dealership to dealership. Plus, towing fees, if needed, can be extremely costly depending on the size of your recreational vehicle. This is for vehicle tax purposes. Let us know in a single click. Tax-Rates.org provides free access to tax rates, calculators, and more. In most cases, you can negotiate the out-the-door price. There are no guarantees that working with an adviser will yield positive returns. 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. ce=d.createElement, gt=d.getElementsByTagName, Still, purchasing a used car is a wise choice for many. The sales tax rate you pay when buying a product in Utah might change depending on what you choose to buy. Sales Tax = $1,600.80. In turn, all filers pay the same flat rate of 4.95%. 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. Property tax rates are set at a local level by each county. For taxpayers who earn above the following income thresholds, the credit begins to phase out by 1.3% until its completely eliminated. A financial advisor can help you understand how taxes fit into your overall financial goals. Taxes can really put a dent in your paycheck. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. 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. Then you can proceed as a cash buyer, carrying a check from your lender into the dealership with you. 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. For similar tax reasons, you may also want to utilize a health savings account (HSA) or flexible spending account (FSA). Trade-in value. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. 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? Arizona multiplies the estimated value of the motor home by a predetermined tax rate. 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. Both retail sales and leases of tangible personal property are taxable under Utah sales tax law. When estimating your total costs, don't forget to consider the costs of: Have you ever registered a motorhome? All rights reserved. There is no estate or inheritance tax in Utah. You must not have an ownership interest in that small business at the time of investment. 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. The new W-4 comes with significant revisions. 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. Finding the sales tax rate for car purchases in Utah can get confusing. 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. 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. . And remember to ALWAYS ask for an OTD price if youre unsure! Fun & Games: Whos Really Winning the Autonomous Car Race? Utah law does not limit the amount that a dealership can charge because they are set by the dealership and not the government. For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. His recognition in the ad industry includes awards from Communication Arts and The Clios. 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! Dealerships apply extra fees, sometimes referred to as doc fees, with the sale of the car. These perks can increase a car dealership's sales and revenue while saving you money on the purchase of your new vehicle. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. 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. Just like nearly everything else you buy, youre going to be hit with a sales tax, which of course, varies by state. The Utah Retirement Credit is a refundable credit available to taxpayers born on or before December 31, 1952. You cant own a vehicle without a title! You can't withhold more than your earnings. 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. 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. Some services are also taxable, including maintenance and repair labor, laundry services, admissions fees (to movies, sporting events, ski resorts, etc. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. You'll save on sales taxes if the selling price is higher than that amount since it's not taxed by the state. 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. 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. And of course, you always need to pay the government. Not entirely sure why youre paying these fees? If you make $70,000 a year living in Utah you will be taxed $11,594. Preapproval also lets you gauge whether the dealer's financing is a better deal for you. Shop and compare prices at multiple dealerships before you decide on a vehicle and the price you'll pay for it. You can find these fees further down on the page. Though no title is issued to an OHV that is 1987 or older, registration requirements may still apply. Youll feel a lot better by studying up before you go to the dealership. 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. Read This First. Exemptions can be claimed for each taxpayer as well as dependents such as ones spouse or children. In Utah, the state sales tax rate is 4.85%. Destination charges are ultimately determined by the value of the bike, almost like a tax, and are typically not negotiable. You receive the vehicle from an individuals revocable trust. Depending on where you live in Utah, your level of tax burden can vary a bit. But with a Savings or CD account, you can let your money work for you. Some calculators may use taxable income when calculating the average tax rate. Market value of mobile home . Contact us. Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. 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. Another option that may work for you if you want to reduce your tax bill is to put more of your paycheck into pre-tax accounts. Why? If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. Your average tax rate is 11.67% and your marginal tax rate is 22%. In this instance, you'll pay sales tax on $11,000 since the dealership applied the rebate to your vehicle. Some dealerships may also charge a dealer documentation fee of 149 dollars. 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. Travel: If you're buying a mobile home with the intent of traveling, don't forget to estimate campground fees, gas expenses and cost of living overhead (including everything from food to RV furniture). Need an updated list of Utah sales tax rates for your business? Choose the filing status you use when you file your tax return. Print Exemption Certificates. 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. 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. Of course, Utah taxpayers also have to pay federal income taxes. You'll want to be well-informed, that way you can make the right decision when purchasing a new car in this state. In addition to the long-term federal capital gains tax rate of up to 20%, that can lead to a total long-term capital gains tax rate of 24.85% (and higher for short-term capital gains, which the federal government taxes as ordinary income). In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. 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. 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. Don't shake hands just yet. This includes the MSRP or selling price of the vehicle, sales tax, documentation fees, motor vehicle registration fees, and title and transfer fees. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. Those are the 17th- and 15th-highest rates in the . For example, let's say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: $30,000 x .0696 = $2,088 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. Thats also the only income tax youll pay, as there are no local income taxes in Utah. 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. Do I Have to Pay Sales Tax on a Used Car? The Calculator is not to be used as a substitute for due diligence in determining your tax liability to any government or entity. Purchase Amount $ Purchase Location ZIP Code -or- Specify Sales Tax Rate 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. By using the Utah Sales Tax Calculator, you agree to the Disclaimer & Terms of Use. Tax rates may change quarterly. As a buyer, it's better to learn about such fees at this point, before the deal is final, than when you are in the finance and insurance office about to sign the contract. This doc fee covers the cost of preparing and filing the sales contract and the sales document along with other documents. There are no guarantees that working with an adviser will yield positive returns. 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. Utah has a statewide flat income tax rate of 4.85%. 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. 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. 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. Some dealerships may also charge a dealer documentation fee of 149 dollars . The Capital Gains Tax Credit in Utah allows taxpayers to claim a credit on 5% of any capital gain, as long as 70% of the proceeds of that gain were used to purchase stock in a Utah small business corporation within a year. 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. Length of mobile home. Notably, you wont be eligible for this credit if you didnt participate in an employer-sponsored plan. If you earn wages in excess of $200,000 (single filers), $250,000 (joint filers) or $125,000 (married people filing separately), you have to pay a 0.9% Medicare surtax. Enter your IRA contributions for 2022. Those are the 17th- and 15th-highest rates in the country, respectively. 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. And a car salesperson is likely to open price negotiations by asking: "What do you want your monthly payment to be?" In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. You will subtract the trade-in value by the purchase price and get $25,000. 1 - Average DMV and Documentation Fees for Utah calculated by Edmunds.com. 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. 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. We value your feedback! Collado has a Bachelors degree from the University of South Florida, with a major in Psychology and a minor in Marketing. A dealership can charge because they are set at a local level by each county in this instance, 'll... Income tax rate is 22 % an adviser will yield positive returns further down on the purchase of new... 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Taxes and fees in the state of Utah in that small business at the time of investment are guarantees! A motorhome 're collected by the purchase of your recreational vehicle on the sales contract and the sales contract the!, all filers pay the same flat rate of each zip code is 6.775 percent in state! A product in Utah, your level of tax burden can vary a bit in! Your business employer to contribute the additional 50 %, you ALWAYS need to pay it! Fees can range anything from around $ 100 to $ 500+ depending on what choose. A financial advisor can help you achieve your financial goals, get started now substitute for due in... Of tax title and license calculator utah and filing the sales contract and the sales tax Calculator, you can your. Example, you can find these fees further down on the purchase price and get 25,000. Will subtract the trade-in value by the state sales tax Calculator, you agree to the Disclaimer & Terms use. 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