When you apply for your Oklahoma boat registration, you will need to pay registration fees that are based upon a combination of the manufacturer's original retail price of the boat and the current age of the boat. . In addition to your states sales, use and property taxes, and any DMV, MVD, MVA, DOR, SOS, or county clerk titling and registration fees, youll need to consider the cost and fees for the following aspects of a vehicle purchase: For more information about some of those topics, please visit our pages on: 2022 TaxesProAdvice.com | Contact us: [email protected], Working From Home: How To Calculate Taxes For Side Hustlers/Independent Contractors Demo, Paper shortage causes Oklahoma car title delay, VIDEO: Oklahoma commissioner pushes to change state car tag laws, How to Calculate Income Tax and Wages in Java Eclipse Full Tutorial. (Intercity and Intracity buses registration fees are Dont Miss: Morgan Stanley Tax Documents 2021. For information on how to replace license plate tags after they are lost, stolen, mutilated or destroyed, simply go to your OK tag agency and request Form 797-D, Affidavit for Replacement License Plate/Decal. Fees, Ownership Transfer NOTE: If you are a military member stationed out of state, you may be able to have your late fees waived. When you buy a new or used vehicle, youre always going to pay more than the sticker price. You dont have to pay sales tax on a gifted car. Dont Miss: Live In One State Work In Another Taxes. Excise tax if youre transferring ownership. Multiply the vehicle price (after trade-ins and incentives) by the sales tax fee. For example, if a very low interest rate auto loan is offered on a car purchase and there exist other opportunities to make greater investments with the funds, it might be more worthwhile to invest the money instead to receive a higher return. Read more: 2022 Honda Civic Redesign Updates and New Features, Also Check: California Sales Tax By Zip Code. Your annual vehicle registration payment consists of various fees that apply to your vehicle. There are a lot of benefits to paying with cash for a car purchase, but that doesnt mean everyone should do it. In addition to taxes, car purchases in Oklahoma may be subject to other fees like registration, title, and plate fees. What states and provinces participate in the IRP? Special Plate The age of the vehicle is also considered for trucks with a gross laden weight of 15,000 lbs or less. Renew Now. Used in combination when the gross vehicle weight of such combination exceeds 26,000 pounds. Multiply the vehicle price by the sales tax fee. Then, theres the vehicle sales tax and yes, this applies to private-party sales too. You can also. If that weight is less than 15,000 pounds, the vehicle's age is also considered. What is the International Registration Plan (IRP)? We would like to show you a description here but the site won't allow us. Before applying for a title certificate and registration, Oklahoma residents need to obtain a valid Oklahoma car insurance policy. Transferring to a different owner: Properly assigned boat title OR, if from a non-titling state, the registration and a notarized bill of sale. For each renewal year, registration fees are based upon actual mileage driven and estimated mileage in added jurisdictions. For example, imagine you are purchasing a vehicle for $50,000 with the state sales tax of 3.25%. To register a motorcycle in Oklahoma, visit a local OTC tag agency office and provide the following: The steps required for motorcycle registration vary depending on whether the motorcycle was purchased from a dealership or a private seller. taxpayers who choose to register by mail and those In Oklahoma, residents of this state must register other types of vehicles, including motorcycles and boats. Type of Tax. The online IRP/IFTA System allows for new registrations, supplemental registrations and renewals. The credit may be applied against subsequent additions to the fleet to be prorated or for other additional registration fees assessed. An odometer disclosure statement IF the vehicle is 9 years old or less. Oklahoma Registration Renewal. When residents purchase a motorcycle from a private seller, they must register it themselves. To renew your Oklahoma vehicle registration online, visit the OTC CARS registration renewal website and provide: You will need a printer if you wish to print your renewal receipt. INHOFE TAG AGENCY 3190 W 21st Street #304 Tulsa, Ok 74107 . Cost: $38.50 for a 4 year renewal, $77 for an 8 year renewal and $25.00 for replacement. If you are unsure, call any local car dealership and ask for the tax rate. Do you also need an International Fuel Tax Agreement (IFTA) license if you have an apportioned tag? To calculate registration fees online, you must have the following information for your vehicle: Year first registered of the vehicle (this will be within one year of the model) Shipping or gross weight of the new vehicle (required, depending on the type of vehicle selected) Make, year model identification number, and allowance of trade-in vehicle. Go to the ECF page to learn more and get started today. You will have to pay the same 3.25% sales tax on used vehicles, however, the first $1,500 is taxed for $20, and the remainder is taxed at the 3.25% rate. Oklahoma Tax Commission 405.521.3637 [email protected] Mark Mitchell OK.gov General Manager 405.524.3468 Ext. City and private school buses: According to seating capacity. 1-3101, for a fee total or to inquire about fees that may apply. Amanualis available to provide details. The license plate and cab card are issued by the base jurisdiction. Oklahoma does not charge tax on trade-ins or incentives/rebates, so you would subtract $6,000 from the car cost, to get $44,000, which is the taxable amount. Tax Preparers & Software Developers. His recognition in the ad industry includes awards from Communication Arts and The Clios. (registered commercial if commercial registration New registration plates in OK require vehicle owners in the state to pay a standard flat rate of $4. Estimated mileage is also part of the calculation. 800-522-8165 ext 1-3101 or (direct) 405-521-3101. The odometer disclosure section should also be filled out if the motorcycle is 9 years old or newer. Years 5-8: What credential do you receive when you register? Additional information about the various components which make up the registration and title fees can be found at the links below: For registration periods beginning on or after January 1, 2015, all IRP cab cards will show all jurisdictions. First, indicate the reason you need to replace license plate tags or stickers. On the other hand, this fee remains the same from the first through the fourth year of the registration. for Out of State Lienholder. Payment Options. Therefore, the taxable amount is $46,000. The Registration Fees are assessed: $15.00 - Registration fee for passenger and leased vehicles. Boat registration fees help fund projects such as waterway clean-up, boat ramp maintenance, lake mapping, and boat safety education. However it must be noted that the first 1,500 dollars spent on the vehicle would not be taxed in the usual way the cost for the first 1,500 dollars is a flat 20 dollar fee. An Oklahoma vehicle registration is a document that connects Sooner State residents with the form of transportation they own or lease, including vehicles, motorcycles, and boats. (can be registered as noncommercial, taxicab or bus), Ambulances Application for Certificate of Title for a Boat or Outboard Motor (Form BM-26). This is known as the document fee or the doc fee". $10.00 - If the Tax Collector's Office completes the Title Application $3.00 - Mail fee for tag and decal 5% - Use Tax if the vehicle is purchased from an out of state dealer. Penalty is assessed on sales tax at the statutory rate. *Additional fees may include, but are not limited to, the following: Starting with the first day of the month after your grace month, penalty is assessed at the rate of $1.00 per day up to a maximum of $100.00 for 100 days of penalty. Transferring ownership of a boat previously titled/registered in Oklahoma: Properly assigned vessel title AND registration. Under HB 1734, the flat tag fees would be calculated on the age of a vehicle. The Oklahoma MVD will send a renewal notice by mail OR email (depending on what residents prefer) before the vessels expiration date. Used boats: 35% decrease in the taxable amount per each 1 year of the vessels age. For online vehicle registration renewals, the Oklahoma Tax Commission accepts payment by: For vehicle registration renewals by mail, the Oklahoma DMV accepts checks made payable to the Oklahoma Tax Commission." Vehicles not deemed to be apportionable vehicles may still be registered under the IRP, if you wish. Vehicles, & off road motorcycles, $11.00 (initial Motor Vehicle Title, Registration, and Miscellaneous Fees. When you initially register your car, you will have to pay a title fee, and a fee for the first year of registration. Below are local fees collected with vehicle registration fees through the County Tax Assessor-Collector's office. Typically the tax is determined by the purchase price of the vehicle given that the sale price falls within 20% of the average retail value of the car, regardless of condition. Looking for Registration Renewal in another state? For example, imagine you are purchasing a vehicle for $50,000 with the state sales tax of 3.25%. The normal sales tax in Oklahoma is 4.5%, but all new vehicle sales are taxed at a flat 3.25%. If for some reason, the dealership does not handle this, the steps for motorcycle registration will be the same as the steps below. You can renew your vehicle registration online if: If you are not eligible to renew online, you must renew your vehicle registration either by mail or in person (see below). It's important to note, that for used cars, the first $1,500 has a flat $20 tax, and the remainder is then taxed at 3.25%. No refund may be issued unless all of these items are entered completely and accurately. For a used vehicle, the excise tax is $20 on the first $1,500 and 3 percent thereafter. For every low-speed vehicle, as that term is defined in NRS 484.527, a fee for registration of $33. (initial registration for each new owner), Special Mobilized Copyright 2009 - 2023 DMV.com. Vehicle Tags Fee Regular Tag Replacement $10.00 45-Day Temporary Tag or 45-Day Temporary DC Registration $13.00 Tag Transfer $12.00 . Oklahoma assesses excise tax on all vehicles every time a new title is issued. Used motorcycles: $20 on the first $1,500 of the total value, PLUS 3.25% of the remaining value. If you sell your vehicle after registering the new vehicle, then you must submit a claim for refund. New boats: Manufacturers Certificate of Origin. The site doesnt have an Oklahoma car tax calculator, however the information provided gives consumers the information they need to calculate the estimated taxes. When applying at an acceptance facility, you will need to pay two fees. You'll receive a renewal reminder on the first day of the month your registration expires. 3100 N. Classen Blvd. If applicable, may be Add the total sales tax to the Item or service cost to get your total cost. This would put your new vehicle purchase price at $30,000, which is the taxable amount. Drivers wondering how to renew license plate credentials can wait to receive their car tag renewal card from the DMV, either through the mail or electronically through the states CARS online app. Residents who are eligible can also apply for a disabled parking plate. Then you may have to pay a sales tax. Oklahoma's boat title and registration fees can be daunting to try and calculate OK residents can contact the Motor Vehicle Division at (405) 521-3221 for assistance. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. Boats not registered in Oklahoma, using OK state waters for no more than 60 calendar days over the course of 1 calendar year. TheIRPis an agreement among U.S. states, the District of Columbia, and most provinces of Canada. NOTE: If you have lost or never received a vehicle registration renewal notice, you can still renew your registration (see Renew Your OK Vehicle Registration" below). You may also be required to pay a Smog Abatement Fee of $25 if your vehicle does not require a smog inspection. Rebuilt Vehicle, Used You may prepare your own application or use thissample dispute application. Renew Oklahoma Tags Online; Helpful Forms. You must file an application protesting the decision. To calculate the sales tax on your vehicle, find the total sales tax fee for the city and/or county. Armstrong $10 . ($1.50 for echeck or 2.25% for debit or credit card). Generally, yes. Specialty car tags must be applied for through the states official applications because drivers must meet certain qualifications to choose certain car tags. Use paper forms. $86.00 - 5th through 8th year of registration. If you are a new registrant with no mileage history, there is a standard"average distance per jurisdiction, which will be calculated for each vehicle. The cost depends upon the purchase price of the vehicle, the age of the vehicle, and the weight at which the vehicle will be registered in each jurisdiction. Categories include military, school, and tribal affiliations. 17th year and over: $26. For motorcycles, the owner of a 12-year-old motorcycle would pay the standard title fee of $11, plus the tag fee of $64 for motorcycles that are nine to 12 years of age, for a total of $75. Oklahoma collects a 3.25% state sales tax rate on the purchase of all vehicles. Although most car purchases are made with auto loans in the U.S., there are benefits to buying a car outright with cash. Compare rates andbuy your policy online:Open the Insurance Center >>. Fees may differ from those charged by the state of Oklahoma. Have the motorcycle inspected by a tag agent for its VIN and odometer reading. After youve had the car for four years, the fee goes down to $81.00 and decreases in four-year intervals from there. These fees are separate from the sales tax, and will likely be collected by the Oklahoma Department of Motor Vehicles and not the Oklahoma Oklahoma Tax Commission. As an example, if you purchase a car for $50,000 and the trade-in is worth $10,000, then you only pay sales tax on the $40,000. Sales tax for vessels and outboard motors purchased in Texas on or after September 1, 2019 is capped at $18,750.00. This form is provided by your state's agency/department. 13th through 16th year: $46. ownership unless a statutory exemption applies. $4 VIN inspection. The standard plate design was updated in 2017 to the Explore Oklahoma car tag, showcasing the state bird soaring over the OK landscape. $46.00 - 13th through 16th year of registration. In other words, be sure to subtract any rebates or incentives from the purchases price before calculating the sales tax amount. Tax Professionals. Oklahoma does not charge tax on trade-ins or incentives/rebates, so you would subtract $6,000 from the car cost, to get $44,000, which is the taxable amount. For accepted forms of payment, contact your local Oklahoma tag agent office. After expiration (additional fees apply): If you don't renew your registration, tab and plate on time, you will be charged an added $10 fee and risk being ticketed or fined by law . The Tax Commission, Motor Vehicle Division is the repository for all information relating to titles, tag, registration and liens. However, you may be eligible for a tax credit worth a percentage of your earned income. Examples: A new car with a standard title would pay the standard title fee of $11, plus the tag fee charged for a vehicle that's one to four years old ($94), for a total of $105. You can file, research, and track cases anytime, anywhere there's an internet connection. For tag, title, registration and liens. Motor Vehicle Audit Section at (Instate toll free) Tag fees for commercial vehicles weighing 15,001 pounds or greater are based on gross laden weight; registrants should contact the OTC for correct calculation of fees. 5th through 8th year: $86. 13th through 16th year of registration: $46.00. Please select one of the below to continue: Email this form to yourself and complete it on your computer. Below are the steps required for either instance. Rim size over 19.5", $1.00 Oklahoma City, OK 73118. w. Phone. View your Renewal cost at the bottom and click continue for payment by debit or credit card. Before submitting a title and registration application, the individual or dealer selling the boat needs to complete a notarized Boat or Outboard Motor Serial Number Confirmation (Form BM-10). Otherwise, vehicles can be renewed through the mail or in person at vehicle tag agencies. License plates stay with the owner; so if and when residents buy a new vehicle, theyll need to transfer their existing plate to it. While there, you will complete Form 701-6, Application for Oklahoma Certificate of Title for a Vehicle. The county with the highest sales tax is Okfuskee County with an 11.5% tax rate. To register a vehicle in Oklahoma, residents need to provide: If the vehicle is used or the resident brought it from another state, the tag agent will perform a vehicle identification number (VIN) and/or odometer inspection before the OTC issues the title certificate. Calculation of Boat and Outboard Motor Annual Registration Fees: All fees are rounded to the nearest dollar/Maximum registration fee is $151.00. 2021 Car Registration, Inc. All Rights Reserved. Box 26940 Oklahoma City, OK 73126. (initial registration for each new owner)