The amount of tax on a $500.00 auto depends on the location. Sales tax rates vary by state and even by county or city within a state. For example, the sales tax rate in California is 7.25%, while the rate in New York is 8.875%. Additionally, some states may have additional taxes or fees on vehicles.
To determine the exact amount of taxes on a $500.00 auto, it is necessary to know the sales tax rate and any additional taxes or fees that apply in the specific location where the vehicle is being purchased.
