Enter your vehicle value, county tax rate, and city tax rate into the calculator to determine your net tax amount.
Vehicle Tax Calculation Formula
The following formula is used to calculate the net tax from your vehicle value.
Net Tax = Vehicle Value * (County Tax Rate / 100 + City Tax Rate / 100)
Variables:
- Net Tax is the total tax amount you owe ($)
- Vehicle Value is the assessed value of your vehicle ($)
- County Tax Rate is the percentage of tax levied by the county (%)
- City Tax Rate is the percentage of tax levied by the city (%)
To calculate the net tax, multiply the vehicle value by the sum of the county and city tax rates, then divide by 100 to get the percentage.
What is Vehicle Tax Calculation?
Vehicle tax calculation refers to the process of determining the total tax amount you owe based on the value of your vehicle and the applicable county and city tax rates. This involves understanding your vehicle