JKennedy1612

I just purchased a 2005 GTO in Iowa. The owner said in Iowa there is no sales tax when selling between individuals. There isn't a spot on the title that indicates the sale price.

I live in St. Louis and haven't taken the title to the DMV yet. Before I go I wanted to know since there isn't a sale price in the title if I would have to pay taxes?

Here's a picture of the car...3,706 miles on the ODO when I picked it up. :thumbs:




Thanks!

__________________

2003 Corvette Z06: Vararam, B&B CB, Kooks 1-7/8" LTH w/ 3" X-Pipe, B&M ST
2007 Cobalt SS S/C: GM Stage 2, GMPP Exhaust, GMPP Manifold, ZZP CLDP, 2.9" Pulley,
TD

 

Rukee

I think when you go to register the car they will ask you your buying price. Here in Wisconsin the DMV has been known to contact the seller and confirm the selling price to be sure the new owner isn't fudging on the price to reduce the taxes.

__________________

Restoration pictures password is 'GTO'

alsgto04

Sweet looking goat. Congrats

Rukee

The wipers look broke.

__________________

Restoration pictures password is 'GTO'

v8newb

Nice car- It depends on the state- In Illinois they tax you based on the year, but then if they think it is worth more than the years taxes would allow, they tax you based on the purchase price- Check with a local currency exchange. That's how I did it, I called them, they told me the rules, and most will work with you and give you the taxing brackets based on the amount you paid. They don't care if you lie, but I'd get on the same page with the seller- It's very stupid that they collect taxes twice on the vehicle, but that's the way it is- at least here in Illinois.

__________________
I just found a vein and started my addiction with:

kooks headers, catless mids, LPE intake, 160 thermo, IAT relocate, and a shifter that doesn't lick sweaty donkey balls- waiting on delivery!