Quick Answer: What Is Car Sales Tax In Oklahoma?

How is sales tax calculated on a car in Oklahoma?

The excise tax for new cars is 3.25%, and for used cars, the tax is $20.00 for the first $1500.00 and 3.25% on the remainder of the sale price. 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.

How much tax do you pay on a used car in Oklahoma?

The excise tax is 3 ¼ percent of the value of a new vehicle. For a used vehicle, the excise tax is $20 on the first $1,500 and 3 ¼ percent thereafter.

How much does tag tax and title cost in Oklahoma?

New vehicle: 3.25 percent of purchase price. Used vehicle: $20 up to a value of $1,500, plus 3.25 percent on the remainder value. All terrain vehicle: 4.5 percent of the purchase price, minimum $5.

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How much will my tag cost in Oklahoma?

How much will my tag cost? Current Statutory Tag Rates: Years 1-4: Annual fee is $96.00 + $1.50 (insurance) + applicable mail fee.

How can I avoid paying sales tax on a car?

You can avoid paying sales tax on a used car by meeting the exemption circumstances, which include: You will register the vehicle in a state with no sales tax because you live or have a business there. You plan to move to a state without sales tax within 90 days of the vehicle purchase.

How do I figure out sales tax?

Sales Tax Calculations:

  1. Sales Tax Amount = Net Price x (Sales Tax Percentage / 100)
  2. Total Price = Net Price + Sales Tax Amount.

How do I calculate taxes and fees on a used car?

Multiply the sales tax rate by your taxable purchase price. For example, if the total of state, county and local taxes was 8 percent and the total taxable cost of your car was $18,000, your sales tax would be $1,440.

When did Oklahoma start charging sales tax on vehicles?

On May 31, 2017, however, Oklahoma Governor Fallin approved legislation (H.B. 2433) as a part of the state’s budget that will, effective July 1 this year, impose a 1.25 percent sales tax on vehicles of all weights.

How much is a title transfer in Oklahoma?

You’ll need to pay a $17.00 ownership transfer fee to successfully have your title transferred. If there’s a lien on your title, you’ll also need to pay a $10.00 lien processing fee for in-state lien holders and $13.00 for out-of-state lien holders.

How much are tag late fees in Oklahoma?

You must renew your Oklahoma vehicle registration within a month after it has expired or you will have to pay late charges. The late fees are $1 a day until the maximum amount of $100 is reached.

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How are car tags calculated in Oklahoma?

The excise tax for new cars is 3.25%, and for used cars, the tax is $20.00 for the first $1500.00 and 3.25% on the remainder of the sale price. 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.

What do you need to get a tag in Oklahoma?

Initial Vehicle Registration in Oklahoma

  1. Proof of minimum liability insurance.
  2. A completed Application for Oklahoma Certificate of Title (Form 701-6) signed in front of a notary.
  3. A completed bill of sale (or declaration of purchase price)
  4. Three forms of government ID.
  5. The old title transferred over to you.

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