How Much Does It Cost To Register An Suv In Illinois
Get-go 01/01/2022 prices to register a used vehicle in Illinois from a private party has gone up in Illinois. Title fee has increased to $155.00 from $150.00. Duplicate and corrected titles have removed the aforementioned cost of $fifty.00.
License plate take not increased in cost in 2022. Passenger plates volition cost y'all $151.00 , B-Truck plates (Upward to 8,000) would be $151.00
If you have license plates from a vehicle you only sold and are even so valid for more then iii months you are eligible to transfer them to a new acquired vehicle. The Illinois country transfer fee would exist $25.00 which would be a savings
Illinois Private party vehiCle Use revenue enhancement for 2022
If you purchased or acquired by gift a motor vehicle from a private political party, you would accept to file a Oestrus-50 (Private Political party Vehicle Used Tax Transaction) course.
If you purchased a vehicle from an unregistered out-of-country dealer, lending establishment, leasing company, or retailer; or if yous purchased a rider machine from an unregistered Illinois lending establishment or leasing company, you must complete a Estrus-50 (Vehicle Utilize Tax Transaction Return) form.
If the purchase price or fair market place value of a vehicle is less than $15,000. The tax due is adamant by the model yr of the vehicle.
Model yr | Age of vehicle (twelvemonth) | Illinois Private Political party Revenue enhancement due | Cook County Private Party Taxation | Municipal (Chicago) Private Party Tax |
2021 or newer | 1 or newer | $465 | $225 | $fourscore |
2020 | two | $365 | $225 | $80 |
2019 | 3 | $290 | $225 | $80 |
2018 | 4 | $240 | $175 | $65 |
2017 | 5 | $190 | $175 | $65 |
2016 | 6 | $165 | $175 | $65 |
2015 | 7 | $155 | $175 | $65 |
2014 | 8 | $140 | $175 | $65 |
2013 | 9 | $125 | $90 | $l |
2012 | 10 | $115 | $ninety | $l |
2011 | 11 | $100 | $90 | $50 |
2008-2010 | 12-xiv | $100 | $90 | $50 |
2007 or older | 15 or more | $100 | $xc | $0 |
Illinois Private Party Tax Due | Cook County Private Party Tax | Municipal (Chicago) Private Political party Tax | ||
Exceptions | 0-xiv years old | $15 | $25 | $fifteen |
Exceptions | xv or more | $xv | $25 | $0 |
Motorcycle | Due north/A | $25 | $90 | $15 |
If the purchase toll or fair market value is $15,000 or more use tabular array B from the RUT-50 tax class to make up one's mind the state tax due
$15,000 to $xix,999.99 | $850 |
$twenty,000 to $24,999.99 | $ane,100 |
$25,000 to $29,999.99 | $1,350 |
$30,000 to $49,999.99 | $1,600 |
$50,000 to $99,999.99 | $two,600 |
$100,000 to $999,999.99 | $v,100 |
$1,000,000 to more | $ten,100 |
How to calculate the cost?
If I am registering a 2012 Kia Optima in 2022, I purchase from a private party for $7,000 for example, I would pay $155.00 for the Illinois title fee, $151.00 for new Passenger Plates, since I alive in Schaumburg (Cook County) Illinois <take the electric current year 2022 – 2012 (twelvemonth of the vehicle) = 10 years old. I would pay $115 for Illinois Private Party Vehicle Use Tax + $90 Cook County Private Party Utilize Tax. The full cost to annals my vehicle in Illinois would be $511.00
How Much Does It Cost To Register An Suv In Illinois,
Source: https://appssavememoney.com/how-much-to-register-a-vehicle-in-illinois-2022/
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