State law adds a significant percentage on top of the purchase price, and local jurisdictions can add even more. This means that for every $100 of the vehicle's purchase price, $6.
Illinois Car Sales Tax Calculation Example: Breakdown of State and Local Taxes
The table below illustrates how different local rates impact the total tax on a $25,000 vehicle. 08, resulting in $1,600 in sales tax.
The total price on the window sticker or dealer invoice rarely reflects the actual amount you will pay at the closing table. Local Sales Tax Additions Illinois allows counties and municipalities to impose additional sales tax rates on top of the state rate.
Illinois Car Sales Tax Calculation Example: $25,000 Vehicle Breakdown
To determine your specific local rate, you generally need to add the county rate and the municipal rate together. Current State Rate As of the current tax period, the state sales tax rate for vehicle transactions in Illinois is 6.
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