How to Calculate Minnesota Car Tax

January 27, 2012

If you're purchasing a new car in the state of Minnesota, you'll need to be prepared to pay a small Minnesota car tax on the purchase of your vehicle. This is dependent upon the sales tax of the state; Minnesota state auto sales tax laws and regulations can be found on the state website or through the DMV. Read on for a step by step guide on how to calculate the car tax on your new vehicle in the state of Minnesota.

Step 1 -- Determine Some Important Information

You'll first need to know a few important details of the purchase of your car. it's a good idea to write them down so that you have them handy, as you'll need them later on. You need to know the exact make, model and trim type of the car, as well as the production year. You'll also need to know the MSRP for the car and the exact amount of money that you're paying for the vehicle. You'll also need to have your finances set up properly so that you know how many payments you'll make on the car and when it will be completely paid for.

Step 2 -- Find a Minnesota Car Tax Calculator

There are a number of different car tax calculators for the state of Minnesota that are available online. Do a search on the Internet for a car tax calculator in Minnesota and input the information above to determine how much money you'll owe in taxes on the purchase of your car.

If you have any additional questions, speak with a representative at the local DMV branch office.

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