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Old 11-30-2010, 01:02 PM
 
18 posts, read 44,864 times
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Hi - I am living in metro NYC at the moment and will be moving to Louisville in June.

I am planning to buy a brand new car and will be paying almost 9% in sales tax.

Will I have to pay the sales tax again to have the car registered in KY? How does it work with taxes? Will it be better off waiting and buy the car in KY?

thanks,
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Old 11-30-2010, 02:01 PM
 
Location: NOVA
4,521 posts, read 5,616,775 times
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Lightbulb Vehicle registration

Sales tax on vehicles in Kentucky is 6% so you may want to wait on purchasing your new vehicle. If you can show that you paid sales tax when buying your vehicle in another state, you don't have to pay Ky sales tax to register your vehicle. The annual fees are dependent on what (also at 6%) the current value of your vehicle is so obviously older vehicles will be less than newer ones.

" A six percent (6%) motor vehicle usage tax is levied upon the "retail price" of vehicles transferred in Kentucky. On used vehicles, the usage tax is 6% of the current average retail as listed in the NADA Used Car Guide or 6% of total consideration paid. On used vehicles, total consideration paid is the total given less any trade-in allowance, if applicable. Trade- in allowance applies to used vehicles only and the vehicle being traded must be previously registered in Kentucky. "

Kentucky - Transfer of a Kentucky Titled Vehicle
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Old 03-29-2014, 02:12 PM
 
1 posts, read 1,575 times
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I am buying a car valued at 9300 for 7500. Buying in Ohio and bringing to Louisville, Am I paying 6% on the purchase price or blue book price and how much is the annual fee. So what is paid the first time, for taxes, fees and plates in Louisville?
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Old 03-29-2014, 06:42 PM
 
Location: Anchorage, KY
242 posts, read 349,952 times
Reputation: 148
Quote:
Originally Posted by lucyludavis View Post
I am buying a car valued at 9300 for 7500. Buying in Ohio and bringing to Louisville, Am I paying 6% on the purchase price or blue book price and how much is the annual fee. So what is paid the first time, for taxes, fees and plates in Louisville?
The tax you pay in Kentucky when you register it would be 6% x the blue book value - the sales tax you paid in Ohio for the 1st year. In addition you pay for your plates annually which is $25.
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