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Old 03-21-2019, 11:07 AM
 
Location: Paradise CA, that place on fire
686 posts, read 404,743 times
Reputation: 1827

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Buying a new car in our town of Paradise CA 95969 would cost approx. 9.1 % over the price of the car.
Lets say the car is sold for exactly $ 30,000, the sales tax (7.75 %) and registration fees come to about
$ 2,730. Total out the door $ 32,730.
Trading in an old car won't help, the sales tax is the same. I beleive in Arkansas the buyer only pays sales tax on the difference.

My research tells me buying a car for $ 30 K near Bentonville would cost maybe $ 1980 in sales tax. That is with no trade in.

Registration fees are maybe $ 60.

My question is, what would be the property tax on a car costing $ 30 K ? Does this tax goes down as the car gets older?

For reference, I just paid $ 303 this week on our 2018 Hyundai Kona; the car cost $ 24,000 last April, without any taxes. The $ 303 is not property tax, here we call it registration fee.


Basically I am trying to find out what to do with our other car, an older Hyundai ? Drive it to Bentonville, trade it in there for something new, or get a new car in California and get the Arkansas plates once we are there.

I don't think there is a huge difference, but I'd rather pay taxes in our new town, I'm sure they can use the money.
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Old 03-22-2019, 04:25 PM
 
Location: SE corner of the Ozark Redoubt
2,598 posts, read 846,960 times
Reputation: 2627
Quote:
I beleive in Arkansas the buyer only pays sales tax on the difference.
My question is, what would be the property tax on a car costing $ 30 K ?
Does this tax goes down as the car gets older?
I think the sales tax is a local issue.
I don't recall any sales tax on the last car I bought.
(bought outside city limits)
There is an annual personal property tax, but I don't
know how much that is. It is based on the make and
model of the car, and it does go down as the car gets
older. The last car I bought, it was zero
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Old 03-22-2019, 05:13 PM
 
Location: Riding a rock floating through space
1,503 posts, read 415,011 times
Reputation: 3859
You definitely get credit for a trade in for sales tax - you actually get 30 days to claim it, and you can sell it privately to get that credit, doesn't have to be a direct trade in. No sales tax due for vehicles bought under $4k. Yearly registration fees are next to nothing, a fraction of what I paid in Colorado. I'd guess your Hyundai would be like $25. Owning a car is really cheap here, and there are no inspections.
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Old 03-22-2019, 06:11 PM
 
Location: Paradise CA, that place on fire
686 posts, read 404,743 times
Reputation: 1827
Thanks Duke.

In California we need a smog test once the car is over 5-years old and that adds another
$ 45-60 to the yearly registration, which never goes away.

For example, in 2014 I paid $ 103 registration plus the smog check on a 10-year old Honda Accord.
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Old 03-23-2019, 10:31 AM
 
Location: SE corner of the Ozark Redoubt
2,598 posts, read 846,960 times
Reputation: 2627
Nearest smog test county I am aware of is Dallas TX.
There may, someday be testing in Little Rock.
Smog testing in the midwest is on a county by county basis.
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Old Today, 04:32 PM
 
Location: SE corner of the Ozark Redoubt
2,598 posts, read 846,960 times
Reputation: 2627
Quote:
Originally Posted by TRex2 View Post
I think the sales tax is a local issue.
I don't recall any sales tax on the last car I bought.
(bought outside city limits)
There is an annual personal property tax, but I don't
know how much that is. It is based on the make and
model of the car, and it does go down as the car gets
older. The last car I bought, it was zero
OK, a little more info, since I just bought another car,
and payed the Personal Property tax on one I still have
from before.

Apparently they use something like a standard actuarial
depreciation table, and my past vehicles fell off the table
at about 15 years of age, for the personal property tax.
Newer ones appear to be taxed at about 5% of value.

For the sales take, a dealer told me they don't tax
below $4000 and the one he sold me was $3995, so
that may have been why I didn't seem to pay any sales
tax on it.

Bought a newer one a few days ago, and they
hit me for about 8% sales tax.
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