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What is the tax rate for year end inventory for a car dealership in TN?


I want to buy a used car after Christmas and before the New Year.

Would the tax rate differ between a used car dealership and a regular dealership?
INVENTORY TAX for BUSINESSES not customers.

For Bostonian... What is FMV?

538 day(s) ago

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MDcpa05 		Whose tax rate? Sales tax? Sales tax does not vary depending on the date of sale or whether the car is new or not.

Sales tax is 7% plus LOCAL sales tax, determined by the table below for the city where the vehicle is REGISTERED (not sold).

Posted 538 days ago

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NessaCPA 		If TN has a personal property tax that applies to business inventory, the tax is based upon the valuation of the vehicle. Most states with that type of tax use their own valuation tables that bear little reality to FMV so you need to contact the local tax assessor's office for that information.

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