Vehicle Property Tax Rates by State

When you buy a car, truck, or motorcycle, you’re not just paying for the vehicle itself—you’re also responsible for paying any property taxes that may be due on the purchase. The amount of vehicle property taxes you’ll pay depends on the state in which you reside. In this blog post, we’ll take a look at vehicle property taxes by the state to give you an idea of how much you can expect to pay. 

Here’s a look at some of the highest and lowest vehicle property tax rates:

• Alabama has a relatively low vehicle property tax rate at  2%. So, if you buy a $25,295 car in Alabama, your annual property tax bill would be $505,90 . 
• Colorado has a slightly higher rate of 2,9 %. Therefore, if you purchase a $25,295 car in Colorado, your annual property tax bill would be $733,56. 
• Kansas has one of the highest vehicle property tax rates in the United States at 7,5 %. So, if you buy a $25,295 car in Kansas, your annual property tax bill would be $1897,13. 
• Nevada’s rate is even higher than Kansas’s at 8,25 %. Therefore, if you buy a $25,295 car in Nevada, your annual property tax bill would be $2086,84. 

As you can see from the above data, vehicle property taxes can vary widely from state to state, and that difference can have a significant impact on your wallet. If you’re planning on buying a new car and want to minimize your vehicle property taxes, it may be worth looking into moving to a state with lower rates, like Alabama or Colorado. However, even if you do live in a high-tax state, like Kansas or Nevada, there are still ways to minimize your bill. 

These resources are for informational purposes only and should not be construed as legal advice. Landlords and Tenants are encouraged to seek specific legal advice for any of the issues as found in this blog.