When Buying a Car, how much tax is due?
If you buy the vehicle from a licensed dealer, the tax is 6.25% of the sales price.
If you buy from a private party, such as a friend or relative, the tax is 6.25% of:
the sales price, if you paid 80% or more of the vehicle’s standard presumptive value
80% of the vehicle’s SPV, if you paid less than that amount; or
the certified appraised value, if you paid less than 80% of the vehicle’s SPV and you get a certified appraisal.Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!