Calculating Sales Tax
Florida sales and use tax in the amount of 6% is collected on the purchase price, less trade in, on all vehicle transfers of ownership. In addition, some counties charge a local discretionary sales surtax. Hillsborough County residents currently pay a 1.5% discretionary sales surtax on the first $5,000 of taxable value.
Example: Purchase Price $10,000
| How to Calculate Florida State Sales Tax: |
| Taxable value |
$10,000.00 |
| 6% |
x .06 |
| Total Sales Tax |
$600.00 |
| How to Calculate Volusia County Discretionary Tax: |
| Discretionary Taxable Value: |
$5,000.00 |
| .5% |
x .005 |
| Total Discretionary Tax |
$25.00 |
| How to Calculate Total Tax: |
| Sales Tax |
$600.00 |
| Discretionary Tax |
$25.00 |
| Total Tax Due |
$625.00 |
