All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. We suggest shopping for financing before going to the dealership to save you time and money (after all, it always pays to be prepared!). You receive the vehicle as a gift from a spouse, parent, child, grandparent, or grandchild. Utah car dealerships offer incentives or rebates to car buyers. - We regularly check for any updates to the latest tax rates and regulations. Thats also the only income tax youll pay, as there are no local income taxes in Utah. That means the actual rates paid in Utah range from 6.1% to 9.05%. This is not an offer to buy or sell any security or interest. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 1999 - 2023 DMV.ORG. So how does this approach work when your focus is on your monthly payments? Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. Enter household income you received, such as wages, unemployment, interest and dividends. What is Find the Best Car Price and Why is it Free? Utah law does not limit the amount of doc fees a dealer can charge. Get In Touch With A Pre-screened Financial Advisor In 3 Minutes. Average Retirement Savings: How Do You Compare? If you make $70,000 a year living in Utah you will be taxed $11,594. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. The credit can be up to $450, or $900 for joint filers. Certain products are fully exempt from sales tax. And remember to ALWAYS ask for an OTD price if youre unsure! 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. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. Thank you for your answer! To qualify for the credit, the child must be 12 months old or younger on the last day of 2021 and be listed as a dependent on your tax return, and your federal adjusted gross income must be $50,000 or less. 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. Tangible personal property includes physical goods, such as furniture and clothing, as well as electronically transferred products like movie downloads. You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. There are both state and local sales tax rates in Utah. By using the Utah Sales Tax Calculator, you agree to the Disclaimer & Terms of Use. 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. Personal income taxes in Utah are relatively simple when compared to the federal income tax. Keep in mind that some purchases may be exempt from sales tax, and others others may be subject to special sales tax rates. Utah offers two temporary permits, a 96-hour permit that costs $2.50, and a 15-day permit for $6. All credits are subtracted directly from total income tax liability. Tax-Rates.org provides free access to tax rates, calculators, and more. Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. Utah has some of the most stringent alcohol laws in the nation. Need affordable motorcycle insurance? 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. All rights reserved. Descriptions of All Utah Taxes and Fees Admitted Insurer Tax Beer Tax These fees are for you to secure your proof of ownership, register for a license plate so you can hit the road legally, and get temporary tags in the meantime. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. Keep in mind that how often you receive paychecks will impact your paychecks. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. If you really want to avoid owing the IRS money come tax time, you might want to opt for an additional dollar withholding from each of your paychecks. 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. Residential utilities such as gas and electricity are charged a sales tax rate of up to 6%. Which County Has the Highest Tax? Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Age of mobile home. You receive the vehicle from an individuals revocable trust. Get a free Edmunds appraisal report for your car in minutes, Ready to sell? You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. Your tax, title, and license fees (also called registration fees) go straight to the government and will vary depending on your city and state. 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. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. 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. Those are the 17th- and 15th-highest rates in the country, respectively. 1 - Average DMV and Documentation Fees for Utah calculated by Edmunds.com. A financial advisor can help you understand how taxes fit into your overall financial goals. In other words, be sure to subtract the trade-in amount from the car price before calculating sales tax. 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 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. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. 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. Get access to exclusive deals, reviews and test drives, and updates on manufacturer rebates. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. 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. This is the case for self-employed people and some independent contractors. But know that the lowest rate in Utah is 6.1% and the highest is 9.05%. The overall price will be lower, which means you will pay less in sales tax than with a new vehicle. The amount you need to pay at the time of vehicle registration varies depending on vehicle type, fuel type, county, and other factors. 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%. 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. 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. Utah has a statewide flat income tax rate of 4.85%. Print Exemption Certificates. 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. The money you put into these accounts can be used for certain medical expenses like copays. Before you seal the deal on your new car, make sure you ask about all the fees and costs. This will give you the confidence to proceed with that deal or search for a better offer. 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%. However, you can get a tax credit of up to $7,500 from the Federal government. Sales Tax = ($30,000 - $5,000 - $2,000) * .0696 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. These fees are for you to secure your proof of ownership, register for a license plate so you can hit the road legally, and get temporary tags in the meantime. Get a no-obligation offer for your car in minutes. How would you rate your experience using this SmartAsset tool? We provide sales tax rate databases for businesses who manage their own sales taxes, and can also connect you with firms that can completely automate the sales tax calculation and filing process. 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. Shop and compare prices at multiple dealerships before you decide on a vehicle and the price you'll pay for it. Liquor and wine can only be purchased in state-run liquor stores. Need an updated list of Utah sales tax rates for your business? Utah has a very simple income tax system with just a single flat rate. Heres what to expect when it comes to taxes and fees in the state of Utah. Which Has the Lowest? Not entirely sure why youre paying these fees? If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. Weve got it all covered! You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. 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 For example, you could trade-in your old car and receive a $5,000 credit against the price of a $10,000 new vehicle, making your out-of-pocket cost only $5,000. For vehicles that are being rented or leased, see see taxation of leases and rentals. 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. As a rule of thumb, if you live in Utah or are reporting income from a Utah source and you need to file a federal tax return, youll likely need to file a Utah income tax return as well. The amount of the credit is determined by the Utah Housing Corporation. Your location will determine whether you owe local and / or state taxes. We urge you to notify us of any errors in the Calculator or our data. 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. Use our income tax calculator to estimate how much tax you might pay on your taxable income. But in Utah, youll need to be prepared to spend additional money on these extra costs. The new W-4 comes with significant revisions. 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. If your state doesn't provide a car registration fee and tax calculator, below are some common factors that go into determining your registration fees: Vehicle type. Businesses shipping goods into Utah can look up their customer's tax rate by address or zip code at tap.utah.gov . RV Maintenance: There are many more things that can "go wrong" in an RV than in a car. One-Time Checkup with a Financial Advisor. All investing involves risk, including loss of principal. . What to Buy: Jeep Cherokee or Jeep Grand Cherokee? 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). Setup (or prep) fees are necessary to get your bike out of the crate, put together, and ready for you to ride. Then you can proceed as a cash buyer, carrying a check from your lender into the dealership with you. A withholding of 6.2% of your income goes toward Social Security taxes with an additional 6.2% coming from your employer. Utah has a consumer protection law that mandates that each customer must pay the same amount for fees at a dealership. Traveling with a Pet Soon? 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. Dealer fees and taxes. 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. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. (function() { var qs,j,q,s,d=document, gi=d.getElementById, Employers also withhold federal income tax from each of your paychecks. For example: $2,000 x 5% = $100. Do you have a comment or correction concerning this page? Compared to the latest tax rates in Utah by address / zip code tap.utah.gov. The actual rates paid in Utah, youll need to pay for things like moving the bike from the to... To ALWAYS ask for an OTD price if youre unsure and local sales rate! 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