U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 04-03-2010, 06:35 PM
 
143 posts, read 588,106 times
Reputation: 119

Advertisements

I last bought a used car almost 10 years ago. Back then you could get a letter of sale for less than the Kelley blue book amount and they would calculate the sales tax based on the letter of sale.

Have they changed that now? Do they base the value on Kelley blue book or the letter of sale?

Thanks.
Quick reply to this message

 
Old 04-03-2010, 07:29 PM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,010 posts, read 12,571,935 times
Reputation: 2412
6.25% of the sales price.
Quick reply to this message
 
Old 04-03-2010, 07:47 PM
 
435 posts, read 937,789 times
Reputation: 288
Letter of sale.
Quick reply to this message
 
Old 04-05-2010, 08:09 AM
 
198 posts, read 420,188 times
Reputation: 233
You are so honest. Its refreshing to know someone wouldnt say they were given the by car by a family friend to avoid paying the sales tax....kudos to you!
Quick reply to this message
 
Old 04-05-2010, 08:23 AM
 
24,681 posts, read 43,403,800 times
Reputation: 12497
someone buying from a private party vs used car dealer pays the sales tax TO the person--not the taxing agency--
it is the SELLER of the car from what I understand who is responsible for actually turning over/declaring the sales tax amount

and frankly it could just be a means to get more money from the BUYER--and would never be turned over...
how many people selling a car are going to declare that extra income on their tax statement?
Quick reply to this message
 
Old 04-05-2010, 08:25 AM
 
299 posts, read 1,080,382 times
Reputation: 296
For a private part sale, taxes are based on the higher of the standard presumptive value or the actual amount of the sale. Standard Presumptive Value

From a licensed dealer it is always the sales price. The link above will give the value based on the vehicles vin number.

The buyer is responsible for paying the sales tax, and it is paid when registering the car.
Quick reply to this message
 
Old 04-05-2010, 09:19 AM
 
24,681 posts, read 43,403,800 times
Reputation: 12497
thanks for the info--thought it would be the seller--I have not bought used car...
Quick reply to this message
 
Old 04-27-2010, 05:18 PM
 
143 posts, read 588,106 times
Reputation: 119
Quote:
Originally Posted by derekv View Post
For a private part sale, taxes are based on the higher of the standard presumptive value or the actual amount of the sale. Standard Presumptive Value

From a licensed dealer it is always the sales price. The link above will give the value based on the vehicles vin number.

The buyer is responsible for paying the sales tax, and it is paid when registering the car.
Almost, but not quite. The sales tax is either 80% of the Standard Presumptive Value or the sales price - whichever is higher. I just went through this and the sales price was just slightly below the Standard Presumptive Value. They based the 6.25% sales tax off the sales price.

County Issues (http://www.county.org/resources/library/cissue/v16_04/10.htm - broken link)

"Effective October 1, 2006, a county tax assessorcollector must use the amount paid for a motor vehicle to assess the state’s 6.25 percent sales-and-use tax on these types of purchases if the amount paid is at least 80 percent of the vehicle’s standard presumptive value. If the amount paid for the motor vehicle is less than 80 percent of the standard presumptive value, the county tax assessorcollector must assess the tax on 80 percent of the vehicle’s value unless certain conditions are met."
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top