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How to calculate IFTA miles? Use this Free IFTA tax calculator and state by state mileage calculator.
At the time you apply for an Illinois title with the Secretary of State for a vehicle you purchased, leased, or acquired by gift or transfer, you are required to submit either payment of tax or proof that no tax is due before your vehicle can be titled.
How to Calculate Illinois Sales Tax on a Car. You can calculate the sales tax in Illinois by multiplying the final purchase price by .0625%. For example, let’s say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: $30,000 x .0625= $1,875
Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Find your state below to determine the total cost of your new car, including the car tax.
Cost of registration: $151. Plate transfer cost: $25. Title fee: $150. The average cost of fees at the DMV in Illinois after a new car purchase is made is just shy of $1,000, when all fees are...
In Illinois, the taxable price of your new vehicle will be considered to be $5,000, as the value of your trade-in is not subject to sales tax. This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in.
To figure the correct tax due, add 1.25% (.0125) to your rate (preprinted in Section 6 on Line 4), and multiply the combined rate by the amount subject to tax on Line 3. Write the result on Line 4. Note: This combined rate is also preprinted on your ST-556 return below Line 4.
