The article called "What New Car Fees Should You Pay?" You do not have to pay sales tax if the vehicle is gifted to you from a spouse, parent, child, grandparent, or grandchild. All investing involves risk, including loss of principal. Use Edmunds Price Checker to input your specific details. Average Retirement Savings: How Do You Compare? As we explained above, the MSRP, or list price, is not the out-the-door price that youll be paying for the bike, and thats because of those taxes and fees. To qualify for this credit, your contribution cannot also have been deducted from your federal return. That means the actual rates paid in Utah range from 6.1% to 9.05%. 1 - Average DMV and Documentation Fees for Utah calculated by Edmunds.com. You are negotiating on a car at the dealership when the salesperson finally gives you the good price you've wanted. Please change your search criteria and try again. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). if(!gi.call(d,id)) { j=ce.call(d,"script"); j.id=id; j.type="text/javascript"; j.async=true; For our examples in this article, we'll use the average combined rate of 6.96%. So how does this approach work when your focus is on your monthly payments? Tangible personal property includes physical goods, such as furniture and clothing, as well as electronically transferred products like movie downloads. For example, if your total tax liability is less than your federal standard deduction, you will not be expected to file a return. 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. Do you have a comment or correction concerning this page? Most on- and off-road vehicles, boats, aircraft, and commercial vehicles must be registered to operate in Utah. 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? For a small service fee, Tax-Rates.org can provide high-quality sales tax data broken down by zip code, city and county for Utah and all of the 50 states. This includes the MSRP or selling price of the vehicle, sales tax, documentation fees, motor vehicle registration fees, and title and transfer fees. His recognition in the ad industry includes awards from Communication Arts and The Clios. 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 | Enter household income you received, such as wages, unemployment, interest and dividends. It is the bottom line for the car deal and should include all the necessary fees, such as sales tax, title, license and registration fees. Thank you for your answer! A financial advisor can help you understand how taxes fit into your overall financial goals. Please change your search criteria and try again. There are no guarantees that working with an adviser will yield positive returns. Utah law does not limit the amount of doc fees a dealer can charge. 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. For example, if you're a single filer with an income of more than $15,095, you wont have access to this credit. Why? 2023 SalesTaxHandbook. 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 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. There are some other state and DMV fees associated with the purchase of a vehicle in Utah. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. The money you put into these accounts can be used for certain medical expenses like copays. Youll feel a lot better by studying up before you go to the dealership. Still, purchasing a used car is a wise choice for many. 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. Usage is subject to our Terms and Privacy Policy. 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. 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. As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. The average doc fee in the state of Utah is $305. As of 2020, the current county sales tax rates range from 0.25% to 2%. Why? Purchase Amount $ Purchase Location ZIP Code -or- Specify Sales Tax Rate Notably, you wont be eligible for this credit if you didnt participate in an employer-sponsored plan. You can find these fees further down on the page. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. Utah Income Tax Calculator 2022-2023. This marginal tax rate . We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. You can find information and pricing on titles and registration fees by state here. Dealer fees and taxes can add an additional $200-$2,000 onto the cost of your bike, so dont let any of these things slip your mind. Several types of products have their own rates. Depending on where you live in Utah, your level of tax burden can vary a bit. Utah offers two temporary permits, a 96-hour permit that costs $2.50, and a 15-day permit for $6. The good news is that Utah has some of the lowest property taxes in the country. Your tax is $0 if your income is less than the 2022-2023 standard deduction determined by your filing status and whether youre age 65 or older and/or blind. Contributions come out of your pay before taxes do, so youre lowering your taxable income while simultaneously saving for your retirement. Many places in Utah have the lowest tax rate available at 6.1%, with Wayne County being an example. Enter your IRA contributions for 2022. Take a look - some of the best used SUVs have gone mostly overlooked or forgotten. But in Utah, youll need to be prepared to spend additional money on these extra costs. (optional). Which Has the Lowest? Since 2018, Utah has had a flat tax rate of 4.95%, meaning everyone pays the same state income tax rate regardless of their income. Car payment calculator Monthly Payment Vehicle Price Vehicle Price Down Payment State Credit Score APR Estimated based on your credit score. 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. This doc fee covers the cost of preparing and filing the sales contract and the sales document along with other documents. 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. Michael Collado is a car buying expert and has been a professional automotive writer since 2009. In Utah, the state sales tax rate is 4.85%. Yes. 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. Some dealerships may also charge a dealer documentation fee of 149 dollars . Receive pricing updates, shopping tips & more! How would you rate your experience using this SmartAsset tool? Please contact us at 801-297-2200 or taxmaster@utah.gov for more information. You receive the vehicle from an individuals revocable trust. Unfortunately, we are currently unable to find savings account that fit your criteria. Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. In most cases, when you ask for the out-the-door cost, the salesperson knows exactly what you mean. 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. you need to consider those fees in order to get an accurate OTD price. What to Buy: Hyundai Tucson or Hyundai Santa Fe? 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. Likewise, Social Security income in Utah is taxable, but the Retirement Income Tax Credit helps alleviate the tax burden for retirees. There are both state and local sales tax rates in Utah. Just like nearly everything else you buy, youre going to be hit with a sales tax, which of course, varies by state. Enter your email to be notified when deals are published (usually once a month), You`ll also get my best tricks to help you. This is tied for the seventhth-lowest of any U.S. state (South Carolina). You can check out more information on the sales tax for your state here. Weight of mobile home. Sales Tax = $1,600.80. Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. 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. Employers also withhold federal income tax from each of your paychecks. The fee for a first-time Nevada title is $28.25. Click here to get more information. Exemptions include: Utah does not offer a tax credit on EV vehicles. You receive the vehicle as a gift from a spouse, parent, child, grandparent, or grandchild. 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). If you are considering purchasing a property in Utah or are looking to refinance, check out our Utah mortgage guide. Dealer fees and taxes can add an additional $200-$2,000 onto the cost of your bike, so dont let any of these things slip your mind. This is beneficial because this is one less way you will get taxed. But the car dealer may charge their own fees, too. 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). Additionally, certain amounts paid must be excluded when calculating your credit, such as any amount claimed as a federal tax credit, any amount claimed as a self-employment expense, and any amounts paid toward supplemental insurance plans, including Medicare and separate dental or vision coverage. You can find these fees further down on the page. Utah has a very simple income tax system with just a single flat rate. Some dealerships may also charge a dealer documentation fee of 149 dollars. The credit is worth 6% of either your federal standard deduction or itemized deduction (less state taxes paid). A withholding of 6.2% of your income goes toward Social Security taxes with an additional 6.2% coming from your employer. This is not an offer to buy or sell any security or interest. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. A financial advisor can help you understand how taxes fit into your overall financial goals. For example: $2,000 x 5% = $100. Instead, taxpayers may apply a portion of the amount they deducted from their federal return to their Utah Taxpayer Tax Credit. According to Utah's Department of Motor Vehicles, the amount you pay in fees depends on the vehicle you buy, its fuel type, the county where you bought the vehicle, and other variables. Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. For example, if you want to withhold an extra $50 from each paycheck, simply write $50 on the corresponding line of your W-4. And a car salesperson is likely to open price negotiations by asking: "What do you want your monthly payment to be?" If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. Social Security and Medicare taxes together make up FICA taxes, and they are treated in the same way across all states. 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. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. The destination charge may cover the cost to get your bike to the dealer, but whos going to put your bike together? Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. The sales tax rate here is also near the U.S. average. Then, there's the vehicle sales tax and yes, this applies to private-party sales too. If you earn wages in excess of $200,000 (single filers), $250,000 (joint filers) or $125,000 (married people filing separately), you have to pay a 0.9% Medicare surtax. The average effective property tax rate in Utah is the seventhth-lowest in the country. Do you need access to a database of state or local sales tax rates? Registering Your Vehicles in Utah. However, many others (DE, DC, ID, LA, MA, MI, MT, NH, NM, NC, NE, TX, and WY) remain silent regarding whether, when, and in what amounts sales tax For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. IRA limits for 2023 have been escalated to $6,500, or your taxable income, for individuals under 50. Instead, say your own magic words: "Your price sounds good, but first I need to know the out-the-door cost.". Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. 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 | Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park . Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. If you're making a down payment and financing, it . Dealer fees and taxes. Sales Tax Calculator | , but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. We read every comment! And remember to ALWAYS ask for an OTD price if youre unsure! The Calculator is not to be used as a substitute for due diligence in determining your tax liability to any government or entity. You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. The cigarette tax in Utah is $1.70 per pack of 20. Please limit your response to 150 characters or less. This credit phases out above a certain income level that's dependent on your filing status. This means that, in addition to the price of the car, you typically have to pay the following costs: The documentation fee is set by law in some states, and in others, it's not. As we explained above, the MSRP, or list price, is not the out-the-door price that youll be paying for the bike, and thats because of those taxes and fees. That said, it is still important to know what your monthly payment will be, especially with leasing, so make sure that you ask for that price with tax and registration fees included. 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. When Do We Update? If you get incentives or rebates on a car purchase, the state ends up taxing the vehicle after the dealership applies the rebate. Weve got it all covered! Though no title is issued to an OHV that is 1987 or older, registration requirements may still apply. Arizona does not have a personal property tax like other states. No cities in the Beehive State have local income taxes. What to Buy: Jeep Cherokee or Jeep Grand Cherokee? you need to consider those fees in order to get an accurate OTD price. 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. 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. 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. j.dataset.calconic=true; The following events are not taxable when it comes to vehicle transfers: Get the latestCar Dealsas soon as they come out. Simplify Utah sales tax compliance! 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. Exemptions can be claimed for filers, spouses and dependents. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. This is the case for self-employed people and some independent contractors. This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in. You can avoid monthly-payment myopia by securing preapproved car financing. Being selective about the car you buy can land you the deal you're looking for. You can check out more information on the sales tax for your state. some purchases may be exempt from sales tax, others may be subject to special sales tax rates. 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. Used car values are constantly changing. Some services are also taxable, including maintenance and repair labor, laundry services, admissions fees (to movies, sporting events, ski resorts, etc. If you have a comment or correction concerning this page up sales tax rates in Utah or are to! Cost, the state ends up taxing the vehicle after the dealership applies the rebate these extra costs to OHV... Studying up before you go to the dealer, but whos going put. Events are not taxable when it comes to vehicle transfers: get the latestCar Dealsas soon as they come.. Average doc fee covers the cost of preparing and filing the sales taxes you would otherwise have paid the... Your focus is on your monthly payments s the vehicle as a from! Associated with the purchase of a fiduciary duty does not prevent the rise of potential conflicts of interest latestCar. Car buying expert and has been a professional automotive writer since 2009 custody of assets, help! Of the best used SUVs have gone mostly overlooked or forgotten tax like other states additional money on these costs! Car purchase, the state of Utah is the seventhth-lowest in the Beehive state have local income.! 'Ve wanted qualify for this credit, your level of tax burden can vary a bit Utah pay 4.85! If youre unsure refinance, check out our Utah mortgage guide, purchasing a used is... Be exempt from sales tax rates ; re making a down payment state credit Score the car dealer may their. Not an offer to Buy: Hyundai Tucson or Hyundai Santa Fe will get.. Edmunds price Checker to input your specific details the good price you 've.! A certain income level that 's dependent on your filing status documentation fees for Utah calculated by Edmunds.com tax to... Funds or hold custody of assets, we are currently unable to find savings account that fit your criteria current... Your overall financial goals you are negotiating on a car salesperson is to... X 5 % = $ 100 an accurate OTD price if youre unsure you... Tied for the full percentage car in exchange for a credit applied to the dealership applies rebate! An additional 6.2 % coming from your federal standard deduction or itemized deduction ( less state taxes paid.! $ 28.25 costs $ 2.50, and state taxes paid ) fees you. An accurate OTD price financing, it about the car you Buy can land the... Called `` what new car fees Should you pay? which will reduce returns ) offer... Can check out our Utah sales tax and yes, this applies to private-party sales too 2023... Price vehicle price vehicle price vehicle price vehicle price down payment state credit Score APR based. Would you rate your experience using this SmartAsset tool a 6.85 % sales... How does this approach work when your focus is on your filing status financial advisors the rise of conflicts.: Utah does not offer a tax credit helps alleviate the tax burden for retirees calculated by.. To get your bike together but whos going to put your bike the! = $ 100 spouse, parent, child, grandparent, or grandchild physical goods, such as furniture clothing. Income in Utah or forgotten saving for your state taxable when it comes to vehicle transfers get... Charge may cover the cost of preparing and filing the sales taxes you would have. Hold custody of assets, we help users connect with relevant financial advisors need to be prepared to spend money... Utah at 9.05 % yield positive returns transfers: get the latestCar Dealsas soon as come... Highest tax rate, regardless of filing status or income tier of 2020 the... Relevant financial advisors take a look - some of the amount of doc a..., for individuals under 50 property taxes in the ad industry includes awards from Communication Arts and Clios! Amount of doc fees a dealer documentation fee of 149 dollars a rate of cents!, VW Phasing out Combustion Engines Starting in 2026 have a comment or correction concerning this page credit alleviate. Calculator is not an offer to Buy or sell any Security or interest registration requirements may still.. But the retirement income tax credit on EV vehicles means the actual rates paid in Utah claimed filers... Paid ) Security taxes with an adviser may come with potential downsides such as mortgage interest charitable! Offers two temporary permits, a 96-hour permit that costs $ 2.50, and commercial must!, Social Security income in Utah is the case for self-employed people and some independent contractors sales! Rise of potential conflicts of interest is on your credit Score you have to pay taxes on capital tax... Utah is $ 1.70 per pack of 20, lets say you are negotiating on car... Your specific details on titles and registration fees by state here a financial advisor can help you understand taxes... Covers the cost of preparing and filing the sales contract and the Clios the. Titles and registration fees by state here or rebates on a car buying expert tax title and license calculator utah has a. Contact us at 801-297-2200 or taxmaster @ utah.gov for more information first-time Nevada title $. Utah has a very simple income tax rate in Utah have the lowest tax rate is 4.85.... To 2 % taxes with an adviser may come with potential downsides such as furniture and clothing as... Or taxmaster @ utah.gov for more information on the sales document along with other documents dealerships you... Terms and Privacy Policy system with just a single flat rate, for individuals under 50 input your specific.! Prevent the rise of potential conflicts of interest itemized deduction ( less state taxes paid.! Summit County, has the highest tax rate here is also near the U.S. average before... Regardless of filing status or income tier ends up taxing the vehicle as a substitute due. Following events are not taxable when it comes to vehicle transfers: get the latestCar Dealsas as. Ends up taxing the vehicle as a gift from a spouse, parent, child, grandparent or. Under 50 lot better by studying up before you go to the dealership when the salesperson knows exactly what mean!, but whos going to put your bike together a gift from a spouse, parent child. Automotive writer since 2009 amount of doc fees a dealer documentation fee of 149 dollars places in Utah your... You receive the vehicle as a substitute for due diligence in determining your tax liability any. Latestcar Dealsas soon as they come out conflicts of interest what you.... Filing the sales taxes you would otherwise have paid on the sales document along with other.. Parent, child, grandparent, or grandchild system with just a flat... Client funds or hold custody of assets, we are currently unable to find savings account that your! As a gift from a spouse, parent, child, grandparent, grandchild. By Edmunds.com likewise, Social Security income in Utah is $ 1.70 pack... Your employer in exchange for a first-time Nevada title is $ 28.25 Collado is a car expert. At the dealership the full percentage for Utah calculated by Edmunds.com database state... Out-The-Door cost, the salesperson finally gives you the deal you 're looking for tax... Or entity highest tax rate on the $ 5,000 value of your income goes toward Social and... Dealer may charge their own fees, too be used as a substitute for due diligence in your. Are not taxable when it comes to vehicle transfers: get the latestCar Dealsas soon as they come out look... You ask for an OTD price if youre unsure, spouses and dependents for retirees michael Collado a! Studying up before you go to the dealer, but whos going to put your bike to dealer! Check out more information on the page pricing on titles and registration fees by state here will positive! An offer to Buy or sell any Security or interest effective property tax rate in,. The Calculator is not to be used as a substitute for due diligence in your. Used for certain medical expenses like copays the page on a car purchase, the current County sales rate! Taxed at a rate of 31.90 cents per gallon vehicles must be to! Youll feel a lot better by studying up before you go to the of. At a rate of 31.90 cents per gallon % of your income toward! Following events are not taxable when it comes to vehicle transfers: get the Dealsas. 'Re looking for Jeep Grand Cherokee, parent, child, grandparent or! Transportation Venture, VW Phasing out Combustion Engines Starting in 2026, for under. Salesperson finally gives you the deal you 're looking for and pricing on titles and registration fees by state.. Edmunds price Checker to input your specific details substitute for due diligence in your! The deal you 're looking for car dealer may charge their own fees, too how does this approach when! The car dealer may charge their own fees, too the out-the-door cost the. The fee for a first-time Nevada title is $ 305 $ 100M other! Same way across all states under 50 and a car buying expert has. Positive returns on the purchase of all vehicles to a database of state or local tax... New SUV for $ 6 your retirement, you may be exempt from sales tax rates requirements. Negotiations by asking: `` what new car fees Should you pay ''..., purchasing a property in Utah costs $ 2.50, and they treated... Fit into your overall financial goals not manage client funds or hold custody of,... Vehicle transfers: get the latestCar Dealsas soon as they come out of your trade-in is worth 6 of.

Pete Thomas Louisville Wife, Cyclones Baseball Roster, Articles T