Illinois Sales Tax On Antique Cars. The amount of tax due depends on the value of the vehicle and ranges from as little as 25 for an older low-value. There are no standards for assessing the value of antique automobiles.
Individuals in Illinois must pay a vehicle tax when they purchase a vehicle or accept a vehicle as a gift from another private individual. Florida also requires a title for classic cars no safety inspection though but does have registration restrictions. Shop millions of cars from over 22500 dealers and find the perfect car.
Thats applied to the purchase price of the vehicle.
Thats a massive savings if your emotions ran high at one of the Arizona auctions and you came home with a 50000 car. It was that way for quite some time. An antique automobile is the only collectors item subject to the local property tax. Thats applied to the purchase price of the vehicle.