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. Prescription drugs, medical equipment, prosthetic devices, wheelchairs, newspapers, college sports events, textbooks and fuel cells are all exempt. Download our Utah sales tax database! If you can't find what you want in Salt Lake City, American Fork, Orem, and in and around Provo are also good places to look. There are no itemized or standard deductions in Utah, but the Taxpayer Tax Credit, described below, is based on federal deductions and can lower the tax burden for taxpayers at lower income levels. Thank you for your answer! You can avoid monthly-payment myopia by securing preapproved car financing. Employers also withhold federal income tax from each of your paychecks. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. Arizona does not have a personal property tax like other states. The transaction must have occurred after Jan. 1, 2008. 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 law does not limit the amount that a dealership can charge because they are set by the dealership and not the government. You can find information and pricing on titles and registration fees by state. 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. Utah taxes on beer total 41 cents per gallon, or about 4 cents per beer. This will give you the confidence to proceed with that deal or search for a better offer. For example, if you want to withhold an extra $50 from each paycheck, simply write $50 on the corresponding line of your W-4. 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. 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. Several types of products have their own rates. 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. There are both state and local sales tax rates in Utah. 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. 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. 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. Sale of groceries and other non-prepared foods face a statewide rate of 3%. 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. The amount you need to pay at the time of vehicle registration varies depending on vehicle type, fuel type, county, and other factors. The credit is worth 6% of either your federal standard deduction or itemized deduction (less state taxes paid). You dont have to pay sales tax on trade-ins in Utah. Contact us. 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. This is the case for self-employed people and some independent contractors. Tangible personal property includes physical goods, such as furniture and clothing, as well as electronically transferred products like movie downloads. Other filers may have different limits. Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. Tax-Rates.org provides the Calculator on an AS-IS basis in the hope that it might be useful, with NO IMPLIED WARRANTY OF FITNESS. Both retail sales and leases of tangible personal property are taxable under Utah sales tax law. You receive the vehicle as a gift from a spouse, parent, child, grandparent, or grandchild. Dealer fees and taxes. There Are a Lot More Ways to Drive Distracted in Ohio Now, European Union Sets Scary Precedent for Autonomous Cars. And remember to ALWAYS ask for an OTD price if youre unsure! Registering Your Vehicles in Utah. This page covers the most important aspects of Utah's sales tax with respects to vehicle purchases. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. Save more with these rates that beat the National Average. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. Choose the filing status you use when you file your tax return. Exemptions can be claimed for filers, spouses and dependents. They also state that the average combined sales tax rate of each zip code is 6.775 percent. payments. 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. The credit can be up to $450, or $900 for joint filers. The destination charge may cover the cost to get your bike to the dealer, but whos going to put your bike together? For taxpayers who earn above the following income thresholds, the credit begins to phase out by 1.3% until its completely eliminated. Local rates, which are collected at the county and city level, range from 1.25% to 4.20%. Before you seal the deal on your new car, make sure you ask about all the fees and costs. Plus, towing fees, if needed, can be extremely costly depending on the size of your recreational vehicle. Trade-in value. 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 | 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. When combined with the state rate, each county holds the following total sales tax: Apache County - 6.1 percent Maricopa County - 6.3 percent Cochise County - 6.1 percent Pinal County - 7.2 percent Gila County - 6.6 percent Greenlee County - 6.1 percent Pima County - 6.1 percent (optional). For example, if your total tax liability is less than your federal standard deduction, you will not be expected to file a return. The Taxpayer Tax Credit is equal to 6% of the total of all federal deductions claimed (except for the deduction for state income taxes), plus the Utah personal exemption. The Utah Retirement Credit is a refundable credit available to taxpayers born on or before December 31, 1952. When Do We Update? For similar tax reasons, you may also want to utilize a health savings account (HSA) or flexible spending account (FSA). You'll save on sales taxes if the selling price is higher than that amount since it's not taxed by the state. Utah car dealerships offer incentives or rebates to car buyers. Please adjust your . Enter your total 401k retirement contributions for 2022. 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. Your employer does not match this surtax. If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. 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. 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. 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. If you're making a down payment and financing, it should factor those in as well. In most cases, you can negotiate the out-the-door price. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park City at 8.85 percent. That way, you know what youre really going to be paying. , but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. However, depending on the jurisdiction, additional taxes may be applied to purchases. In most cases, youre only responsible for paying 50% of your FICA taxes on your own. 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. Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. Read This First. For additional information click on the links below: Motor vehicle titling and registration Motor vehicle title penalties What to Buy: Hyundai Tucson or Hyundai Santa Fe? Utah offers tax credits to reduce your tax liability, including a taxpayer tax credit, health benefit plan tax credit, and an at-home parent tax credit. Used car values are constantly changing. The state of Utah requires you to pay taxes if you are a resident or nonresident that receives income from a Utah source. For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. Some dealerships may also charge a dealer documentation fee of 149 dollars . The Edmunds content team brings you industry-leading vehicle reviews, news and research tips that make it easier for you to find your perfect car. Customer Service - If you would like to leave any feedback, feel free to email info@smartasset.com. Youll feel a lot better by studying up before you go to the dealership. 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. Businesses shipping goods into Utah can look up their customer's tax rate by address or zip code at tap.utah.gov . Overall, taxpayers in Utah face a relatively low state and local tax burden. This credit phases out above a certain income level that's dependent on your filing status. 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. 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. Sales taxes in Utah range from 4.85% to 9.05%, depending on local rates. The vehicle license tax is the most expensive, which we have calculated above for $100,000 worth of a new car ($1,680). What about stocked one? If you are considering purchasing a property in Utah or are looking to refinance, check out our Utah mortgage guide. You receive the vehicle from an individuals revocable trust. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Destination charges are ultimately determined by the value of the bike, almost like a tax, and are typically not negotiable. Keep in mind though that only $500 of FSA funds will roll over from year to year. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. One-Time Checkup with a Financial Advisor. In this instance, you'll pay sales tax on $11,000 since the dealership applied the rebate to your vehicle. A primary way in which you can affect your Utah paycheck is by adjusting your withholdings. Some dealerships may also charge a dealer documentation fee of 149 dollars. In most cases, when you ask for the out-the-door cost, the salesperson knows exactly what you mean. View downloads & pricing. Utah has a consumer protection law that mandates that each customer must pay the same amount for fees at a dealership. })(); Yes, in Utah you must pay the car sales tax on a used vehicle. Some of this money goes to FICA taxes and federal income taxes. Pro Tip: 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. j.src=b+"calconic.min.js"; q=gt.call(d,"script")[0]; q.parentNode.insertBefore(j,q) } There are approximately 4.7 billion tons of dissolved salt in the Great Salt Lake. If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. Not entirely sure why youre paying these fees? 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. (optional). In other words, be sure to subtract the rebate/incentive amount from the car price before calculating sales tax. shows what you can expect to spend in doc fees depending on your state. The amount of the credit is determined by the Utah Housing Corporation. THE BEST USED SUVS UNDER $10,000 We looked into price, reliability, features, and more to create this list of the best used SUVs under $10k on the market today. IRA limits for 2023 have been escalated to $6,500, or your taxable income, for individuals under 50. Youve done your research, youve picked out a bike you can afford, but what about those fees? Your feedback is very important to us. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 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. Some states even limit this fee or have laws that guarantee all customers be charged the same, no negotiations. Subscribe to our News and Updates to stay in the loop and on the road! Tax information and rates are subject to change, please be sure to verify with your local DMV. Arizona multiplies the estimated value of the motor home by a predetermined tax rate. 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. Taxpayers can receive a credit of $100 per qualifying child. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. All rights reserved. Medicare taxes account for a smaller percentage at 1.45%, with employers again matching that amount. 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. You are negotiating on a car at the dealership when the salesperson finally gives you the good price you've wanted. 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