Find the current New York Car Sales Tax, and also check the current sales tax rate for New York cities. The Car Sales Tax Rates includes the state sales tax, and the county & city taxes.
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What is the Car Sales Tax in New York?
The current New York State Sales Tax Rate is 4.0%, and has been in place since 1965. If you include the county taxes and the local taxes the total sales tax rate is between 4.000% and 8.875%. The sales tax rate is determined by the location of the buyer when the transaction is completed.
The trade-in is taxed in New York?
When you trade in your old vehicle you get a tax break, and you will be only taxed on the difference between the new car and your trade-in car. If your new car price is $30,000 and you get $10,000 for your trade-in car, you’ll be taxed on the amount you pay, or $20,000, in this case, saving you $700 if the car sales tax is 7%.
Rebates and incentives are taxed?
Rebates and incentives you receive when buying a new car are also taxed in New York, and you’ll pay the tax on the full price of the vehicle.
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We strive to offer the most accurate car tax rates available, but the sales tax rate are subject to change, and you should also check your local government tax offices for the current city, county, and state tax rates. No warranty is made as to the accuracy of information provided.