Venture Surplus ad

vehicle tax

The #1 community for Gun Owners in Texas

Member Benefits:

  • Fewer Ads!
  • Discuss all aspects of firearm ownership
  • Discuss anti-gun legislation
  • Buy, sell, and trade in the classified section
  • Chat with Local gun shops, ranges, trainers & other businesses
  • Discover free outdoor shooting areas
  • View up to date on firearm-related events
  • Share photos & video with other members
  • ...and so much more!
  • claymore504

    Well-Known
    Rating - 100%
    9   0   0
    Dec 2, 2008
    1,830
    66
    Katy, TX
    So, I had a vehicle given to me. I am filling out the form for Application for Texas Certificate of Title. There is a box that says $10.00 gift tax. Is that all I will pay in tax? Or will they still take 80% of the vehicles value and charge me tax on that?
    Capitol Armory ad
     

    juwaba98

    Well-Known
    Rating - 0%
    0   0   0
    May 9, 2008
    1,724
    21
    North Zulch, TX
    If it was truly a gift, then yes the $10 gift tax should be all you owe. I could be wrong, but I think it has to do with the fact that it is a vehicle sales tax they charge and absent a sale there is nothing to tax. New cars through sweepstakes are different though. Again, just my understanding as I'm not a tax lawyer or anything resembling an expert on the subject.
     

    claymore504

    Well-Known
    Rating - 100%
    9   0   0
    Dec 2, 2008
    1,830
    66
    Katy, TX
    It truly was a gift. I just want to make sure I have all my paper work in line when I go to the Tax office. I do not want to stand in line to be told I am missing something. Is there some kind of "proof" they want to show it was a gift?
     

    claymore504

    Well-Known
    Rating - 100%
    9   0   0
    Dec 2, 2008
    1,830
    66
    Katy, TX
    I bought a vehicle a while back and yes, the tax is 6.25%. But, here is where the state gets you. If the amount you paid for the vehicle is equal to or greater than 80% of the value you pay tax on that amount. If you paid less than 80% of the value of the vehiclethen you pay tax on 80% of the value. They get your money no matter what!
     

    40Arpent

    TGT Addict
    Rating - 100%
    5   0   0
    Jul 16, 2008
    7,061
    31
    Houston
    I bought a vehicle a while back and yes, the tax is 6.25%. But, here is where the state gets you. If the amount you paid for the vehicle is equal to or greater than 80% of the value you pay tax on that amount. If you paid less than 80% of the value of the vehiclethen you pay tax on 80% of the value. They get your money no matter what!

    And the fact that they collect tax multiple times on the same vehicle, as it is sold from one person to another, ought to be illegal. It really is a racket.
     

    tmd11111

    Active Member
    Rating - 0%
    0   0   0
    Mar 8, 2009
    974
    21
    San Angelo, Tx
    80% tax

    If you can prove that the vehicle is worth less then the 80% then you only have to pay tax on what you paid for it. Examples are vehicle is damaged or blown engine. As for taxing a vehicle multiple times this is only partically true. If you trade a vehicle in at a dealer then you only pay sales tax on the trade difference. Say you buy a $20,000 car and they give you $15,000 for your trade in then you only pay sales tax on the $5,000 traded difference.
     
    Top Bottom