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You would use the tax rate of the city in which the car would be registered. So, if you bought a car in Chicago, but live and register your car in Schaumburg, the dealer or st â¦ ate would use the Schaumburg tax rate when calculating your tax. The Illinois sales tax on new cars is 6.25 percent of the sale price of the car. The car dealer collects the sales tax and enters it on form ST0556. Lake county Illinois sales tax?
For vehicles bought in 2016 through 2018, the tax rate will be 7%. This rate will be reevaluated in 2018 and 2022 to determine if it needs to change, but under the current law it will never exceed 9% of the vehicleâs fair market value. Residents need to register their new vehicles, pay the Title Ad Valorem Tax and give it a Georgia license plate within 7 days of purchase. New Georgia residents have 30 days from their move date to register vehicles and pay the Title Ad Valorem Tax. Vehicle ...