These fees are separate from the sales tax and will likely be collected by the illinois department of motor vehicles and not the illinois revenue department. The general use tax act gives you credit for any sales tax youve already paid out of state.
Illinois Imposing Car Trade In Tax On Jan 1 Dealers Call
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Some states provide official vehicle registration fee calculators while others provide lists of their tax tag and title fees.
Illinois auto sales tax used car. From there you should be able to find out how much you are going to be charged in taxes fees and registration requirements. Illinois tax requirements for cars trucks vans motorcycles atvs trailers and mobile homes. The following are particularly useful to anyone wanting to study the details on vehicle sales taxes.
An easy way to calculate illinois car tax is to find the website for the division of motor vehicles in the state. If youre buying a used car in the state its your responsibility to research the vehicle thoroughly and have the car inspected before you buy. The vehicle use tax is the same rate as the sales tax.
If youre buying a new or used car its important to know the taxes and fees you may have to pay. The tax is imposed on motor vehicles purchased or acquired by gift or transfer from another individual or private party. Illinois tax on new and used vehicles is generally 625 but can vary by location.
Review your own credit report as well if youre planning on getting the car financed. Sales of motor vehicles from registered illinois dealers are taxed under the retailers occupation tax act tax rate. Most counties in illinois have a 65 percent sales tax rate but cook dupage kane lake mchenry will st.
Find your state below to determine the total cost of your new car including the car tax. Rut 5 r 0119 printed by authority of the state of illinois 600 copies po. Number 2190212 for illinois private party vehicle use tax the tax is based on the purchase price or fair market value with exceptions noted on the right motorcycles and specific situations.
Clair and madison counties have different sales tax rates. Use the use tax rate table in the tax rate database to determine your tax liability. Since the missouri tax appears to be 4225 and the standard illinois tax on vehicle sales is 625 you must pay the 2025 difference.
So you get a credit for the missouri sales tax you pay on your vehicle purchase. Auto sales tax and the cost of a new car tag are major factors in any tax title and license calculator. In addition to state and local sales taxes there are a number of additional taxes and fees illinois car buyers may encounter.
Thats 2025 per 1000. Illinois tax rate finder. Illinois has few laws to protect purchasers of used cars.
New and used vehicle dealers in illinois are required to charge a vehicle use tax on most vehicle sales. Illinois vehicle tax information guidepdf private vehicle use tax chartpdf guide to form st 556 pdf cook county use tax. For most purchases you will use table a or b to determine the tax.
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