oklahoma auto sales tax rate

Now Oklahomans purchasing a vehicle will have to pay a 125 percent tax on top of the 325 percent excise tax. Until 2017 motor vehicles were fully exempt from the sales tax but under HB 2433 the exemption was partially lifted and motor vehicles became subject to a 125 percent sales tax.

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This is the largest of Oklahomas selective sales taxes in terms of revenue generated.

. Car tax as listed. Oklahoma has long split off its sales tax on vehicles from the general sales tax on other property. The sales tax rate for the Sooner City is 45 however for most road vehicles there is a Motor Vehicles Excise Tax assessed at the time of sale or when the new Oklahoma car title is issued in the new owners name.

The actual excise tax value is based on the Blue Book value as established by the Vehicle Identification Number VIN. Tag Tax Title Fees Unconventional Vehicles Boats Outboard Motors Rules Policies IRP IFTA 100 percent Disabled Veterans Sales Tax Exemption Motor Vehicle Exemption Ad Valorem Exemption E-File Free File Businesses Tax Types. Select View Sales Rates and Taxes then select city and add percentages for total sales tax rate.

Together these two motor vehicle taxes produced 728 million in 2016 5 percent of all tax revenue in the state. New and used all-terrain vehicles utility vehicles and off road motorcycles. Alabama Colorado Hawaii Louisiana Missouri New Mexico New York North Carolina Oklahoma South Carolina and Virginia have the lowest rates among states that charge.

Please note that special sales tax laws max exist for the sale of cars and vehicles services or other types of transaction. If the purchased price falls within 20 of the. Excise tax on boats and outboard motors.

775 for vehicle over 50000. The cost for the first 1500 dollars is a flat 20 dollar fee. The minimum combined 2022 sales tax rate for Yukon Oklahoma is.

Multiply the vehicle price after trade-ins and incentives by the sales tax fee. The Oklahoma state sales tax rate is 45 and the average OK sales tax after local surtaxes is 877. 325 of the purchase price or taxable value if different Used Vehicle.

As of July 1 2017 Oklahoma. Darcy Jech R-Kingfisher would modify this calculation so the sales tax would be based on the difference between the actual sales price of a vehicle and the. The Oklahoma sales tax rate is currently.

This method is only as exact as the purchase price of the vehicle. 325 of 65 of ½ the actual purchase pricecurrent value. Counties and cities can charge an additional local sales tax of up to 65 for a maximum possible combined sales tax of 11.

Nevada leads the group with an 825 percent sales tax rate. Oklahoma collects a 325 state sales tax rate on the purchase of all vehicles. The tax on vehicles called the excise tax does not apply to vehicles with a registered gross weight of over 55000 pounds or to trailers and semitrailers except for a token payment of 10.

31 rows The state sales tax rate in Oklahoma is 4500. With local taxes the total sales tax. The Yukon sales tax rate is.

For example imagine you are purchasing a vehicle for 50000 with the state sales tax of 325. 2000 on the 1st 150000 of value 325 of the remainder. In Oklahoma this will always be 325.

425 Motor Vehicle Document Fee. Your exact excise tax can only be calculated at a Tag Office. Oklahoma has a 45 statewide sales tax rate but also has 470 local tax jurisdictions including cities towns counties and special districts that collect an average local sales tax of 4242 on top of the state tax.

Oklahomas motor vehicle taxes are a combination of an excise sales tax on the purchase of a vehicle and an annual registration fee in lieu of ad valorem property taxes. The County sales tax rate is. Whether you live in Tulsa Broken Bow or Oklahoma City residents are required to pay Oklahoma car tax when purchasing a vehicle.

To calculate the sales tax on your vehicle find the total sales tax fee for the city andor county. 31 rows The state sales tax rate in Oklahoma is 4500. For lighter vehicles the excise tax rate is 325 percent as opposed to.

325 of ½ the actual purchase pricecurrent value. The normal sales tax in Oklahoma is 45 but all new vehicle sales are taxed at a flat 325. 325 of taxable value which decreases by 35 annually.

This is the total of state county and city sales tax rates. 635 for vehicle 50k or less. Now Oklahomans purchasing a vehicle will have to pay a 125 percent tax on top of the 325 percent excise tax.

Of the remaining states that charge sales tax on a car purchase 11 states charge approximately 4 percent or less. 50 rows States with some of the highest sales tax on cars include Oklahoma 115 Louisiana. 325 of the purchase price or taxable value if different Used Vehicle.

However it must be noted that the first 1500 dollars spent on the vehicle would not be taxed in the usual way. The 2018 United States Supreme Court decision in South Dakota v. This is only an estimate.

Exact tax amount may vary for different items. Removing that exemption is expected to generate 123 million within the next fiscal. The Oklahoma state sales tax rate is 45 and the average OK sales tax after local surtaxes is 877.

Wayfair Inc affect Oklahoma. This means that depending on your location within Oklahoma the total tax you pay can be significantly higher than the 45 state sales tax. Motor vehicle taxes in Oklahoma are both selective sales taxes on the purchase of vehicles and ongoing taxes on wealth the value of the vehicles.

In Oklahoma localities are allowed to collect local sales taxes of up to 200in addition to the Oklahoma state sales tax. Did South Dakota v.