utadventure Posted October 7, 2007 #1 Posted October 7, 2007 I number of members have talked about purchasing a new bike but you can't ignore the effect Sales Tax has on that purchase. In Salt Lake, 6.85% is added to the final price. So, which state has the best sales tax rate on a bike (new or used)?
cimmer Posted October 7, 2007 #2 Posted October 7, 2007 Check out this link .. http://www.taxadmin.org/FTA/rate/sales.html There are still some states with no sales taxes yet. So I would guess those would be the best states to get anything in. Rick F.
Gray Ghost Posted October 7, 2007 #3 Posted October 7, 2007 If you live in a state that has sales tax, you will get hit for it no matter where you buy your bike. Being in the military I have bought vehicles in different states, but everytime I go to register them in my home state, the tax man has his hand out.
DragonRider Posted October 7, 2007 #4 Posted October 7, 2007 I paid 7% sales tax on my new bike, then I got hit for another tax, ad valorem tax, when I purchased my tag, that was $183.00, and that included the $20.00 plate fee...............:(
Sailor Posted October 7, 2007 #5 Posted October 7, 2007 Don't come to B.C. you get hit with federal and provincial taxes. Last time I looked it totaled 14%.
Guest KitCarson Posted October 7, 2007 #6 Posted October 7, 2007 I number of members have talked about purchasing a new bike but you can't ignore the effect Sales Tax has on that purchase. In Salt Lake, 6.85% is added to the final price. So, which state has the best sales tax rate on a bike (new or used)? I buy bikes out of state some.......thing is a few states work together with an agreement between them, pay it in the state you purchased it in, keep the receipt and present it at the revenue office in your home state, everything is cool, Thing is most home states, the state you live in, require you to pay sales tax at their current rate, for example if you live in my State of South Carolina and go to Virginia and buy a bike, you have to pay the sales tax in your home state........yep they have sneaked that one in on you ! As for property taxes.........most likely if you register it in your home state, you will have to pay those too, locally they are tough, we have more crooks to support than most states. Kit
eagleeye Posted October 7, 2007 #7 Posted October 7, 2007 In Wisconsin, when you register your bike, and it doesn't matter what state you bought it in, you pay your registration fee plus .055% tax. And it also doesn't matter how many times that bike is bought and sold, same tax % every time. Thats the part that I don't like. My favorite vehicle tax story is about a guy that bought a boat (which I later bought) from a preacher. It ws a 28' boat set up for fishing on Lake Michigan. Well, they agreed on a price and also agreed on the price that would be used for tax purposes. When the state tax people contacted the preacher, he could not tell a lie, and the guy ended up paying the full amount due. Steve
Cutty Posted October 8, 2007 #8 Posted October 8, 2007 Delaware has a document fee no sales tax on vehicles 2.75%. when registered. We don't pay tax until tagged in Delaware from other states. Recent legislation might be raising it to 3.25 soon.
hipshot Posted October 8, 2007 #9 Posted October 8, 2007 in texas, it don't matter what you claim to have paid for a particular vehicle, anymore. taxes are charged according to what the "insurance replacement cost/real value", of said vehicle! used to be you could say you bought it for "ten dollars and other considerations". that all went out the window, this year! just jt
SilvrT Posted October 8, 2007 #10 Posted October 8, 2007 Don't come to B.C. you get hit with federal and provincial taxes. Last time I looked it totaled 14%. PST (BC Provincial Sales Tax) is 7% GST (Goods and Services Tax) which is Federal is 6% so it's actually 13% now.
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