How to Pay Your New York Excise Tax
When buying a car in New York, you will pay a 4% sales tax rate for your new or used vehicle, in addition to county or local taxes of up to 4.5%.
Written by Jacqulyn Graber
Reviewed by Jessica Barrett
In New York State, car buyers must pay a 4% state sales tax every time they purchase a new or used vehicle, in addition to county or local taxes of up to 4.5%. However, there is no annual excise tax in New York.
We get it—taxes are confusing. Add in all of the other regular fees you have to pay to keep your vehicle legal (such as registration, inspections, and insurance) and you’ve got a lot to keep track of. However, if you don’t make all of the necessary payments on time, the consequences can be quite serious!
Here to walk you through New York State’s taxes—from sales tax to excise tax—is
Jerry
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. Is there an excise tax in New York?
No. While New York State charges excise taxes (which are often levied against manufactured goods that are some kind of health or environmental threat) on products like fuel and imported beer, cider, wine, or liquor, there is no annual excise tax to be paid to New York State for motor vehicles.
Instead, you’ll have to pay a sales tax whenever you purchase a new or used vehicle. The state itself charges a 4% sales tax in addition to county or local taxes of up to 4.5%
MORE: Title transfer in New York
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