oklahoma state auto sales tax

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 value of a trade-in if applicable. As of July 1 2017 Oklahoma charges a 125 percent sales tax on vehicle purchases in addition to motor vehicle taxes.

How To Avoid Paying Car Sales Tax The Legal Way Find The Best Car Price

The state in which you live.

. In addition to the 125 sales tax buyers are also charged a 325 excise tax on all new vehicle purchases. 405-607-8909 emailomvcokgov Office Hours. This means all new vehicle purchases are taxed at a flat combined rate of 45.

This is the largest of Oklahomas selective sales taxes in terms of revenue generated. Senate Majority Leader Kim David presented State Bill 593 on Tuesday. OK Sales Tax Calculator.

When a vehicle is purchased under current law a sales tax of 125 percent is levied on the full price of the car. The county the vehicle is registered in. 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.

Sales tax on all vehicle purchases in Oklahomaeven used carsis 125. The excise tax for new cars is 325 and for used cars the tax is 2000 for the first 150000 and 325 on the remainder of the sale price. How to Calculate Oklahoma Sales Tax on a New Car.

Oklahoma collects a 325 state sales tax rate on the purchase of all vehicles. The Legislature removed the 125 of the exemption in 2017 but Sen. The state sales tax rate in Oklahoma is 4500.

Together these two motor vehicle taxes produced 728 million in 2016 5 percent of all tax revenue in the state. The normal sales tax in Oklahoma is 45 but all new vehicle sales are taxed at a flat 325. Tax and Tags Calculator.

The Oklahoma state sales tax rate is 45 and the average OK sales tax after local surtaxes is 877. 800 am to 430 pm. 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 4264 on top of the state tax.

With local taxes the total sales tax. OKLAHOMA CITY On Wednesday the Senate approved Senate Bill 1075 to reinstate the full sales tax exemption on motor vehicles and tractor trailers. Typically the tax is determined by the purchase price of the vehicle given that the sale price falls within 20 of the average retail value of the car regardless of condition.

Whether or not you have a trade-in. When purchasing a vehicle the tax and tag fees are calculated based on a number of factors including. Kim David R-Porter said with revenues at record highs its time to restore the much-needed tax relief for Oklahomans.

Municipal governments in Oklahoma are also allowed to collect a local-option sales tax that ranges from 035 to 7 across the state with an average local tax of 4264 for a total of 8764. New car sales tax OR used car sales tax. Printable PDF Oklahoma Sales Tax Datasheet.

To calculate the sales tax on your vehicle find the total sales tax fee for the city andor county. State Assessment - Public Service Section Forms Publications Legislative Information Mapping Assessors Only Site Sales Use Tax Retailer and Vendor Information Information for Cities and Counties Sales Use Tax PublicationsCharts Sales Use Tax Tools. There are special tax rates and conditions for used vehicles which we will cover later.

This means that depending on your location within Oklahoma the total tax you pay can be significantly higher than the 45 state sales tax. 4334 NW Expressway Suite 183 Oklahoma City OK 73116 Phone. Senate Bill 1619 authored by Sen.

The excise tax is also applied to all but the first 1500 of a used vehicles. 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. Counties and cities can charge an additional local sales tax of up to 65 for a maximum possible combined sales tax of 11.

OKLAHOMA CITY The Oklahoma State Senate passed a bill to reinstate full sales tax exemptions on motor vehicles and trailers. The type of license plates requested. Oklahoma has a statewide sales tax rate of 45 which has been in place since 1933.

The cost for the first 1500 dollars is a flat 20 dollar fee. We would like to show you a description here but the site wont allow us. However it must be noted that the first 1500 dollars spent on the vehicle would not be taxed in the usual way.

How To Sue A Car Dealer For Misrepresentation Findlaw