What is the Lake county Illinois sales tax rate for new cars?
sales tax in Iowa is 5% and in Illinois its 6.25%, not sure which cook county you wanted. If you mean Illinois, the sales tax on vehicles adds a local component, which is based on the registration address, not the place of purchase. In addition, Cook County has a 3/4% use tax on retail vehicle sales. In addition, for new motor vehicles, there is a tax based on the number of wheels; $7.50 for motorcycles and $15 for cars. Save money! Don't buy in Cook County, Illinois! I don't know about Iowa.
You would use the tax rate of the city in which the car would be registered. So, if you bought a car in Chicago, but live and register your car in Schaumburg, the dealer or state would use the Schaumburg tax rate when calculating your tax. The Illinois sales tax on new cars is 6.25 percent of the sale price of the car. The car dealer collects the sales tax and enters it on form ST0556.
Buying a vehicle in Cincinnati depends on where you live. Hamilton county has a 6.5% sales tax rate. thus, if you paid $10,000 for a car, the sales tax would be $650. If you live in a county with a higher or lower sales tax, you tax rate will be changed to your county tax rate. If you live out of state, you will be charged your local tax rates. Dealers also add sales tax to any extra add on's, as well, such as accessories, doc fee's, warrenties, etc. Hope this helps...