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Louisiana Sales Tax New Car Purchase
Posted on 7/11/23 at 8:23 pm
Posted on 7/11/23 at 8:23 pm
I'm trying to understand sales tax a little better on a new vehicle purchase in Louisiana. I know state tax rate is 4% but do you also pay the parish or city tax? I think my total tax rate is almost 10%. This seems really steep compared to other states on vehicle purchases.
4
Posted on 7/11/23 at 8:43 pm to tigerlife36
quote:
but do you also pay the parish or city tax
Yes
Did you trade in a vehicle? You pay sales tax on the sales price after the trade in amount is deducted. If you didn't have a trade in, you'll pay on the full amount.
Posted on 7/11/23 at 8:44 pm to TigerGrl73
No trade, just buying a new one. Thanks!
Posted on 7/11/23 at 10:30 pm to tigerlife36
Yep, local & state taxes, so roughly 10% of sales price (depends on zip code). Love louisiana
Posted on 7/11/23 at 10:30 pm to tigerlife36
They will calculate it based on the total sales tax rate at your home address. So it won’t help to buy in a town with a lower rate.
And yes it is really steep compared to many other states. LA has lower property and income taxes, so they make it up with ridiculous sales tax.
And yes it is really steep compared to many other states. LA has lower property and income taxes, so they make it up with ridiculous sales tax.
Posted on 7/12/23 at 7:17 am to tigerlife36
I never understood why is the registration fee based on the cars selling price. Years later when you renew the fee is still based on the original sale price. Just a money grab
Posted on 7/13/23 at 12:22 pm to Twenty 49
quote:
And yes it is really steep compared to many other states. LA has lower property and income taxes, so they make it up with ridiculous sales tax.
I always hear this, but:
$7500/yr in property insurance
$11,000/yr in prop tax (3400 sq ft, nothing crazy)
~4-6% in income tax
~10% sales tax
Stupid high auto insurance
Louisiana is expensive to live, without much to show for it.
Posted on 7/13/23 at 1:14 pm to tigerlife36
It is steep in Louisiana... Bought a new Tacoma in LA 6 years ago and paid 10%. Bought a new CX5 in TX a month ago and paid 6.25%.
Posted on 7/14/23 at 5:32 am to LSUSports247
quote:
Just a money grab
Any every subsequent sale of the same vehicle is taxed…
Think about over the lifecycle of that vehicle how much tax revenue it generates if it’s sold 3 or 4 times…
Posted on 7/14/23 at 8:38 am to Finnish
quote:
$11,000/yr in prop tax (3400 sq ft, nothing crazy)
where you paying $11k in tax on a 3400 sf house? that house made of gold or what?
Posted on 7/15/23 at 5:33 pm to Finnish
Dude, where do you live?!
I live in the same state and pay $45.00 (yes 45) a year in property tax for a 2500 sq ft house on 15 acres and $2200 HO insurance.
Get to the country.
I live in the same state and pay $45.00 (yes 45) a year in property tax for a 2500 sq ft house on 15 acres and $2200 HO insurance.
Get to the country.
Posted on 7/15/23 at 7:02 pm to lsujro
quote:I live in Covington in a new 4000 ft house in a higher end development and pay $12400.
where you paying $11k in tax on a 3400 sf house? that house made of gold or what?
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