Illinois Used Car Sales Tax

Form rut 50 private party vehicle use tax transaction return form rut 50 is generally obtained when you license and title your vehicle at the local driver s license facility or currency exchange. Fair market value is used when there is no stated price e g the motor vehicle is a gift. This means that depending on your location within illinois the total tax you pay can be significantly higher than the 6 25 state sales tax.

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Illinois tax on new and used vehicles is generally 6 25 but can vary by location.

Illinois used car sales tax. Most counties in illinois have a 6 5 percent sales tax rate but cook dupage kane lake mchenry will st. The rate is determined by either the purchase price or fair market value of the motor vehicle. New and used vehicle dealers in illinois are required to charge a vehicle use tax on most vehicle sales. The vehicle use tax is the same rate as the sales tax.

Quarter monthly payments if a retailer or service person s average monthly liability is 20 000 or more quarter monthly payments must be made. These fees are separate from the taxes and dmv. Illinois has a 6 25 statewide sales tax rate but also has 893 local tax jurisdictions including cities towns counties and special districts that collect an average local sales tax of 1 563 on top of the state tax. Clair and madison counties have different sales tax rates.

Number 2200159 illinois private party vehicle use tax is based on the purchase price or fair market value of the motor vehicle with exceptions noted on the right i e. For motorcycles and. Rut 5 r 12 19 printed by authority of the state of illinois 600 copies p o. Out of state retailer who does not collect illinois sales tax the purchaser owes use tax and is responsible for paying use tax directly to the department using form st 44.

Dealerships may also charge a documentation fee or doc fee which covers the costs incurred by the dealership preparing and filing the sales contract sales tax documents etc. Average dmv fees in illinois on a new car purchase add up to 99 1 which includes the title registration and plate fees shown above. If you need to obtain the forms prior to registering the vehicle send us an email request or call our 24 hour forms order line at 1 800 356 6302. The state sales tax on vehicles is 6 25 but local taxes are added as well.

How it adds up so if you were buying a 35 000 car and getting 15 000 for a trade in it will cost you an extra 500. The vehicle registration fee is 150. Illinois documentation fees. When an illinois resident purchases a vehicle from an out of state dealer and will title the car in illinois the sale and subsequent tax due is reported on form rut 25 when you bring the vehicle into illinois.

A license renewal sticker starts at 101. If the vehicle is less than 15 000 the tax is based on the age of the vehicle. You should attach a copy of the bill of sale as proof of the purchase price.