Missouri Vehicle Sales Tax: Everything You Need To Know
If you’ve recently purchased a vehicle in Missouri, you may be wondering how much you’ll be paying in sales tax. Missouri has a flat rate of 4.225 percent sales tax on all new and used vehicles. But that’s not the only factor that comes into play when you purchase a car. Let’s take a closer look at Missouri’s vehicle sales tax.
What is Vehicle Sales Tax?
Vehicle sales tax is a government-imposed tax on vehicles purchased in the state of Missouri. It’s based on the purchase price of the vehicle and is calculated at 4.225 percent. The tax is applicable to both new and used vehicles, and it’s assessed at the time of purchase. The tax rate is the same throughout the entire state of Missouri, meaning that no matter where you are, you’ll pay the same rate of tax.
Who Pays Missouri Vehicle Sales Tax?
Anyone who purchases a vehicle in Missouri is responsible for paying the 4.225 percent sales tax. This includes both individuals and businesses. The tax is due at the time of purchase, and it is the responsibility of the buyer to make sure that the tax is paid. If the buyer fails to pay the tax, they may be subject to penalties and fees from the state of Missouri.
What Are the Exemptions for Missouri Vehicle Sales Tax?
The state of Missouri does offer some exemptions from vehicle sales tax. For example, if you’re purchasing a vehicle for use solely as a farm vehicle, you may be exempt from paying the tax. Other exemptions may be available for certain types of vehicles, such as those used for public transportation or those used for government purposes. You’ll need to check with your local government office to find out if any exemptions apply to you.
What Are the Penalties for Not Paying Missouri Vehicle Sales Tax?
If you fail to pay the Missouri vehicle sales tax, you may be subject to penalties and interest. You may also be subject to civil or criminal penalties, depending on the circumstances. In addition, the state may place a lien on the vehicle if you fail to pay the sales tax. This means that you won’t be able to sell the vehicle until the tax is paid in full.
How Do I Pay Missouri Vehicle Sales Tax?
The easiest way to pay Missouri vehicle sales tax is through the Department of Revenue’s website. You can also pay the tax in person at your local Department of Revenue office. If you’re purchasing a vehicle from a dealer, they may be able to help you with the payment process. Finally, you can also pay the tax by mail with a check or money order.
Conclusion
Purchasing a vehicle in Missouri can be a complex process. It’s important to understand the state’s vehicle sales tax, as well as any exemptions or penalties that may apply. Fortunately, the tax rate is a flat rate of 4.225 percent and it’s relatively easy to pay the tax online or in person. If you have any questions about the Missouri vehicle sales tax, contact your local Department of Revenue office for more information.