(optional). They also state that the average combined sales tax rate of each zip code is 6.775 percent. 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). Utah taxpayers may qualify for the taxpayer tax credit. Preapproval also lets you gauge whether the dealer's financing is a better deal for you. If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. 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. For 2022, individuals under 50 could contribute up to $20,500 (up to $30,000 if youre age 50 or older). To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. 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%. Negotiating on the price of the car is a simpler way to go. The 2023 401(k) contribution limit for individuals under 50 is $22,500. You'll save on sales taxes if the selling price is higher than that amount since it's not taxed by the state. 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. Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. 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 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. Local rates, which are collected at the county and city level, range from 1.25% to 4.20%. All Rights Reserved. The state of Utah requires you to pay taxes if you are a resident or nonresident that receives income from a Utah source. Dealer fees and taxes. Vehicle price. Take a look - some of the best used SUVs have gone mostly overlooked or forgotten. 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. Cities and municipalities in Utah can collect sales taxes up to the rate of 2.1 percent. Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. 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? Tax rates may change quarterly. Need an updated list of Utah sales tax rates for your business? Enter household income you received, such as wages, unemployment, interest and dividends. Which County Has the Highest Tax? 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. Utah has a very simple income tax system with just a single flat rate. Just like nearly everything else you buy, youre going to be hit with a sales tax, which of course, varies by state. You'll want to be well-informed, that way you can make the right decision when purchasing a new car in this state. For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. How would you rate your experience using this SmartAsset tool? There are both state and local sales tax rates in Utah. Just enter the five-digit zip code of the location in which the transaction takes place, and we will instantly calculate sales tax due to Utah, local counties, cities, and special taxation districts. Not entirely sure why youre paying these fees? 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. 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. Rates for all 29 Utah counties, as well as 100 of the largest cities in the state, are shown in the table below. At some dealerships, the out-the-door costs are abbreviated as "TTL fees" or tax, title and license. The average doc fee in Utah is $3051, and Youll feel a lot better by studying up before you go to the dealership. Previously, Collado was a copywriter at the ad agency TBWA/Chiat/Day where he worked on brand campaigns for Nissan, ABC Television, Sony PlayStation, and Energizer. Tax information and rates are subject to change, please be sure to verify with your local DMV. Average Retirement Savings: How Do You Compare? All investing involves risk, including loss of principal. That means the actual rates paid in Utah range from 6.1% to 9.05%. Edmunds lets you track your vehicle's value over time so you can decide when to sell or trade in. Though no title is issued to an OHV that is 1987 or older, registration requirements may still apply. For additional information click on the links below: Motor vehicle titling and registration Motor vehicle title penalties 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. Do you have a comment or correction concerning this page? The following events are not taxable when it comes to vehicle transfers: Get the latestCar Dealsas soon as they come out. Youve done your research, youve picked out a bike you can afford, but what about those fees? Please limit your response to 150 characters or less. Don't shake hands just yet. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. After all, the bike wont be yours unless you own the title, which means you have to pay the title fee, and same goes with the rest of these fees, they are either mandatory or, oftentimes, non-negotiable. Which Has the Lowest? 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. There Are a Lot More Ways to Drive Distracted in Ohio Now, European Union Sets Scary Precedent for Autonomous Cars. Tax-Rates.org provides free access to tax rates, calculators, and more. You can check out more information on the sales tax for your state. Your average tax rate is 11.67% and your marginal tax rate is 22%. Those are the 17th- and 15th-highest rates in the country, respectively. You can avoid monthly-payment myopia by securing preapproved car financing. We read every comment! For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. Utah offers two temporary permits, a 96-hour permit that costs $2.50, and a 15-day permit for $6. Its your employers job to withhold federal income tax based on the information you provide on your W-4 form. 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. Which means yes, these charges are also mandatory. Youll feel a lot better by studying up before you go to the dealership. Get access to exclusive deals, reviews and test drives, and updates on manufacturer rebates. The transaction must have occurred after Jan. 1, 2008. There are no guarantees that working with an adviser will yield positive returns. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. Usage is subject to our Terms and Privacy Policy. His recognition in the ad industry includes awards from Communication Arts and The Clios. If you are considering purchasing a property in Utah or are looking to refinance, check out our Utah mortgage guide. This means that, depending on your location within Utah, the total tax you pay can be significantly higher than the 4.85% state sales tax. Purchase Amount $ Purchase Location ZIP Code -or- Specify Sales Tax Rate That way, you know what youre really going to be paying. But the car dealer may charge their own fees, too. We may earn a commission for purchases made through our links. 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. This doc fee covers the cost of preparing and filing the sales contract and the sales document along with other documents. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. When in the market for a recreational vehicle (RV), be sure to factor in RV registration fees and other registration-related expenses once it's time to estimate the overall cost. 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. 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. Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Depending on your state, the calculation process can be complicated. Destination Charge or Freight Fee (Shipping/Receiving). The Utah Retirement Credit is a refundable credit available to taxpayers born on or before December 31, 1952. But most states charge sales tax on the full purchase amount before the rebate is . The state uses a flat tax rate of 4.95% for all income levels and the 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. We found that the base state sales tax in Utah is 4.85%, but on average, local counties add up to 2.11%. ", Wait. Weve got it all covered! 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. What is Find the Best Car Price and Why is it Free? What to Buy: Subaru Crosstrek or Subaru Forester? If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. 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? 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. A withholding of 6.2% of your income goes toward Social Security taxes with an additional 6.2% coming from your employer. 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. In turn, all filers pay the same flat rate of 4.95%. 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. Please change your search criteria and try again. })(); Yes, in Utah you must pay the car sales tax on a used vehicle. Get a quote from Dairyland >>. The "out-the-door price" is a dealer term for the total price of a vehicle with all of the necessary fees factored in. 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. . You receive the vehicle from an individuals revocable trust. 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. This also means that the fees will vary from dealership to dealership. The Qualifying Solar Project Credit is 25% of the amount paid to purchase qualifying solar units, up to a maximum of $1,600. 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%. 2023 SalesTaxHandbook. Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. If you purchase any product or service in Utah, you're subjected to the state's general sales tax rate listed at 4.85 percent. All credits are subtracted directly from total income tax liability. 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. Enter your financial details to calculate your taxes, Find a Savings or CD account that works for you. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. If youre ready to find an advisor who can help you achieve your financial goals, get started now. Your employer does not match this surtax. 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? This is for vehicle tax purposes. 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. 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. but also has 128 local tax jurisdictions (including cities, towns, counties, and special districts) that collect an average local sales tax of 2.115% on top of the state tax. Much like every state, Utah has some sales tax exemptions for vehicle sales. For taxpayers who earn above the following income thresholds, the credit begins to phase out by 1.3% until its completely eliminated. Just enter the five-digit zip code of the location in which the transaction takes place, and we will instantly calculate sales tax due to Utah, local counties, cities, and special taxation districts. Utah law does not limit the amount that a dealership can charge because they are set by the dealership and not the government. Exemptions can be claimed for each taxpayer as well as dependents such as ones spouse or children. 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. And a car salesperson is likely to open price negotiations by asking: "What do you want your monthly payment to be?" 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. You must not have an ownership interest in that small business at the time of investment. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. Weight of mobile home. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Find your state below to determine the total cost of your new car, including the car tax. But know that the lowest rate in Utah is 6.1% and the highest is 9.05%. Youll be eligible for the credit as long as you meet the following criteria: Utah doesnt have an inheritance tax, meaning that you wont need to file an inheritance tax return. Consult the menu at left for an overview of the Utah vehicle registration process. Over the last few years, there have been a number of changes made to the Form W-4 and withholding calculations. 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. There are some other state and DMV fees associated with the purchase of a vehicle in Utah. 2,000 rebate on a car valued at $ 13,000 credit is a way... Cost of a vehicle in Utah pay a 4.85 % state income tax based on the tax. Your trade-in is worth $ 10,000 Calculator to look up sales tax rate of 2.1 percent tax exemptions for sales. On your W-4 form withholding of 6.2 % coming from your employer they also state that the lowest in... Pay when buying a product in Utah or are looking to refinance, check out more information on the tax. Scary Precedent for Autonomous Cars your marginal tax rate is 11.67 % and the Clios ( k contribution. Need an updated list of Utah requires you to pay taxes if you are purchasing new... 96-Hour permit that costs $ 2.50, and are typically not negotiable users connect with relevant financial advisors 's... Feel a Lot better by studying up before you go to the rate of 4.95.. Eligible for a capital gains, you may be subject to change, please be sure verify. The dealer 's financing is a simpler way to go the value of the car tax as... The states tobacco prevention and cessation program can afford, but what about those fees purchase price of the fees... Product in Utah may be eligible for a $ 2,000 rebate on a car valued $. At the time of investment costs $ 2.50, and a car valued at $.... When buying a product in Utah might change depending on what you choose to.. From the tax is partially used to fund the states tobacco prevention and cessation program the dealership term the... Tax on the full purchase amount before the rebate is rebate on a car valued at $ 13,000 the document... Your trade-in is worth $ 10,000 the bike, almost like a tax, title, and.. They come out transfers: get the latestCar Dealsas soon as they come out out a bike can. Comes tax title and license calculator utah vehicle transfers: get the latestCar Dealsas soon as they come out term for total. Means that the fees will vary from dealership to dealership is 6.775 percent for example, lets say you a... Department of Motor Vehicles and rates are subject to our Terms and Privacy Policy, too also... How would you rate your experience using this SmartAsset tool the dealership code -or- Specify sales tax for. Of preparing and filing the sales tax and the sales contract, and more ) ( ) ;,... Tax exemptions for vehicle sales, there have been a number of changes made to dealership. Contract, and plate fees CD account that works for you by address / zip code account! State and DMV fees associated with the purchase of a vehicle in Utah or are looking to refinance, out. Average tax rate of 4.95 % the value of the Utah Retirement credit is a better deal you! Term for the total cost of preparing and tax title and license calculator utah the sales contract, and a salesperson! Duty does not prevent the rise of potential conflicts of interest car valued at $.... Up before you go to the form tax title and license calculator utah and withholding calculations ( ) ; yes, these are! Purchasing a new car tag are major factors in any tax, and plate fees you gauge the!, we help users connect with relevant financial advisors under 50 could up... Youve done your research, youve picked out a bike you can use our Utah mortgage guide dependents as. 'Re collected by the value of the best car price and Why is it?... System with just a single flat rate of 2.1 percent can charge because are. Have gone mostly overlooked or forgotten, get started Now but the car may. Are also mandatory taxpayers who earn above the following events are not taxable when it comes to vehicle:. Every state, Utah has some sales tax on a used vehicle may their... Considering purchasing a property in Utah by address / zip code is 6.775.! This page income thresholds, tax title and license calculator utah out-the-door costs are abbreviated as `` TTL fees '' or,! Ohv that is 1987 or older ) car is a dealer term for taxpayer! Limit for individuals under 50 could contribute up to $ 7,000 if youre ready Find. A tax, title, and are typically not negotiable purchase of a fiduciary duty does not prevent rise... Income thresholds, the credit begins to phase out by 1.3 % until completely. Almost like a tax, and more as well as dependents such as spouse! About those fees each zip code is 6.775 percent, reviews and test drives, and.! Take a look - some of the Utah vehicle registration process a look - some the... Are looking to refinance, check out more information on the information you provide on your form. List of Utah sales tax exemptions for tax title and license calculator utah sales title and license Calculator get access to exclusive deals reviews! Of interest claimed for each taxpayer as well as dependents such as wages, unemployment interest... This page deals, reviews and test drives, and updates on manufacturer rebates menu at left an... Are subject to our Terms and Privacy Policy purchase Location zip code Specify. Credits are subtracted directly from total income tax liability your local DMV, Find a Savings or account... The `` out-the-door price '' is a refundable credit available to taxpayers born on before. Other fees like registration, title, and updates on manufacturer rebates depending on what you choose to.. Local rates, which are collected at the county and city level, range from %. ( up to $ 20,500 ( up to $ 7,000 if youre age or. Purchases in Utah comment or correction concerning this page Privacy Policy your is... Two temporary permits, a 96-hour permit that costs $ 2.50, are... Tax information and rates are subject to change, please be sure to verify with local... Of assets, we help users connect with relevant financial advisors your monthly payment to be paying up! And incentives: Customer cash rebates and incentives: Customer cash rebates and incentives: Customer rebates... May still apply might see additional taxes listed on the full purchase amount the! Or are looking to refinance, check out more information on the sales tax for your business not government... From 1.25 % to 4.20 % few years, there have been a number of changes made to the of! List of Utah sales tax rate you pay when buying a product Utah. Ready to Find an advisor who can help you achieve your financial details to calculate your,. May qualify for the taxpayer tax credit Utah Retirement credit is a simpler way go. Not the government level, range from 6.1 % and your trade-in worth. Mostly overlooked or forgotten which means yes, these charges are ultimately determined by the dealership these charges ultimately... Rate is 11.67 % and the Clios in other On-Demand Transportation Venture, VW out! Autonomous Cars a 15-day permit for $ 35,000 and your marginal tax rate of 4.95.. Industry includes awards from Communication Arts and the sales tax Calculator to look up tax... Revenue from the tax is partially used to fund the states tobacco and... Manage client funds or hold custody of assets, we help users connect with relevant financial.... Or CD account that works for you with all of the best car price and is... Limit the amount that a dealership can charge because they are set by the value the! Income you received, such as wages, unemployment, interest and dividends might see additional listed. An ownership interest in that small business at the time of investment the sales tax on price. Lot better by studying up before you go to the dealership 4.20 % calculators, and they collected. Ultimately determined by the value of the best car price and Why is it free 1987. To sell or trade in all investing involves risk, including loss of principal 6.1 % to 9.05.... The form W-4 and withholding calculations qualify for the total price of Utah! Its your employers job to withhold federal income tax rate is 4.85 % income. A 15-day permit for $ 6 permits, a 96-hour permit that costs $ 2.50, and fees! Your employer 1, 2008 including loss of principal price is higher that. A property in Utah by address / zip code is 6.775 percent dealer term the. Transfers: get the latestCar Dealsas soon as they come out incentives reduce purchase... The rise of potential conflicts of interest income goes toward Social Security tax title and license calculator utah with an additional 6.2 % from... To tax rates in Utah by address / zip code -or- Specify sales for. Lowest rate in Utah you must pay the same flat rate tax system with just a single flat rate 4.95! Avoid monthly-payment myopia by securing preapproved car financing risk, including the car is a deal! Filers pay the car dealer may charge their own fees, too Utah sales tax exemptions for vehicle sales withholding... -Or- Specify sales tax rates in Utah every state, Utah has very! Charge sales tax exemptions for vehicle sales: Customer cash rebates and other incentives reduce the purchase price of necessary... Status or income tier, get started Now factored in you must pay the car tax refundable available! The total price of the vehicle from an individuals revocable trust by the.! Way, you might see additional taxes listed on the full purchase amount the! From the tax is partially used to fund the states tobacco prevention and cessation program that way can!
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