![]() ![]() On private vehicle sales of under $50,000, the state sales tax is 6.35%. You will have to pay sales tax on private vehicle sales of a 1991 or newer passenger car or light duty truck in Connecticut. Car Sales Tax on Private Sales in Connecticut This would put your new vehicle purchase price at $40,000, which is the taxable amount.Īn important note about Connecticut is there is a $100 fee when trading in your vehicle to a dealership. Let’s say that you're purchasing a new car for $45,000 and your trade-in is valued at $5,000. In other words, when calculating sales tax, be sure to subtract the trade-in amount from the car price. You do not have to pay a sale tax on the trade-in on your vehicle in the state of Connecticut. Car Sales Tax for Trade-Ins in Connecticut Which County Has the Highest Tax? Which Has the Lowest Tax?Īll counties in Colorado have the same minimum sales tax of 6.35%. If the purchase price of the used car is over $50,000, then the state sales tax is 7.775%. If you purchase a used car for under $50,000, then you will have to pay a state sales tax rate of 6.35%. 0775ĭo I Have to Pay Sales Tax on a Used Car? Calculate Car Sales Tax in Connecticut Example: In this example, you would still subtract the trade-in value (which still makes the price over $50,000), but you would multiply by. In this example, multiply $30,000 by 0.0635 to get $1,905, which makes the total purchase price, $30,905 ( account for the incentive).īut let's say the vehicle sales price was $65,000. The total taxable amount is $30,000 since trade-ins are not taxable, but incentives/rebates are. The trade-in value of your vehicle is $5,000 and you have a $1,000 incentive. ![]() Multiply the vehicle price (after trade-ins but before incentives) by the sales tax fee.įor example, imagine you are purchasing a vehicle for $35,000 with the state sales tax of 6.35%. To calculate the sales tax on your vehicle, find the total sales tax fee for the city. How to Calculate Connecticut Sales Tax on a Car If the vehicle is priced at more than $50,000, then the state sales tax is 7.75%. This means that if you purchase a new vehicle in Connecticut, then you will have to pay an additional 6.35% of the final purchase price of the vehicle. The current sales tax in Connecticut is 6.35% for vehicles that are $50,000 or less. How Much Is the Car Sales Tax in Connecticut?
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