Out of State taxes

[Frenzy]

Trying to wrap my head around what I'll end up paying tax wise since I live in South Carolina but I'm purchasing the RHO from Koons in Virginia? I know in order to register the RHO here in SC I'll have to pay the property taxes, but what about sales tax? Will I pay the sales tax that Virginia has (4.15% if I seen correctly) and then have to pay the difference of SC's which is 6%?

I'm probably making this out to be more confusing than it is but I'm just trying to plan ahead.

 

[Joe86]

@Koons_of_Tysons_Corner

 

[CHSRHO]

You should pay SC, where the sales tax on a vehicle purchase is maxed out at $500.

 

[KrusherVA]

You pay the tax for the state where registering. Depending upon reciprocal agreement between SC and VA Koons will collect it or you go to SC on a temp tag with all the paperwork and register it at SC DMV.

 

[Frenzy]

So in theory...

I'll pay the sales tax at Koons which would be capped at the $500, then when register it here at the DMV in South Carolina I'll pay the property taxes?

 

[CHSRHO]

Correct

 

[Frenzy]

Thank you everybody!

 

[just a engineer]

Trying to wrap my head around what I'll end up paying tax wise since I live in South Carolina but I'm purchasing the RHO from Koons in Virginia? I know in order to register the RHO here in SC I'll have to pay the property taxes, but what about sales tax? Will I pay the sales tax that Virginia has (4.15% if I seen correctly) and then have to pay the difference of SC's which is 6%?

I'm probably making this out to be more confusing than it is but I'm just trying to plan ahead.

As a fellow SC resident let me add if you are transferring plates you don't need to pay the property tax on the vehicle at time of purchase.

So if you had a $200 miata and payed very little property tax on it. You could then trade or junk the miata and transfer the tag only paying the $500 sales tax cap. However, once the plate needs renewed you will pay the property tax based on the RHO.

 

[Frenzy]

As a fellow SC resident let me add if you are transferring plates you don't need to pay the property tax on the vehicle at time of purchase.

So if you had a $200 miata and payed very little property tax on it. You could then trade or junk the miata and transfer the tag only paying the $500 sales tax cap. However, once the plate needs renewed you will pay the property tax based on the RHO.

Awesome, I plan on keeping my plate since it is personalized.

 

[DSA6953]

Could someone explain this to me. I will be moving to SC next year. Already have a house down there. My RHO is ordered in NJ. I don’t understand the taxes in SC. Thanks

 

[just a engineer]

In SC you have sales tax just like most states and you have personal property tax you pay when registering. The sales tax is a certain percentage of the sales price but it is capped at $500. So unless you're buying a beater you'll pay the $500 at the time of purchase.

The personal property tax is based on the assessed value and the percentage is dependent on the county you live in. If you move to the state you have to make a few different trips to get everything sorted. First you'll need to go to the county auditor and get you bill. Then go to the country treasurer office to pay the bill (hopefully in the same building).

Then you'll take the paid recipient to the DMV and get issued a tag. I've always transferred a tag when buying a new vehicle so it makes the process much easier. No auditor or treasurer needed and the dealer can take care of the DMV stuff.

 

[DSA6953]

Thanks Just a engineer I appreciate it!

 

[genxeration]

Trying to wrap my head around what I'll end up paying tax wise since I live in South Carolina but I'm purchasing the RHO from Koons in Virginia? I know in order to register the RHO here in SC I'll have to pay the property taxes, but what about sales tax? Will I pay the sales tax that Virginia has (4.15% if I seen correctly) and then have to pay the difference of SC's which is 6%?

I'm probably making this out to be more confusing than it is but I'm just trying to plan ahead.

Also, I keep my old 2003 Toyota Tundra and transfer the tag to the new vehicle. I try to time it so I transfer the tag just after it’s been paid. Then I go get a new tag for the old Tundra. Then you really don’t have to pay property tax until the new vehicle has depreciation for 1 year.