Dtf 802 Fillable Form
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People also ask dmv 802 form
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Do I have to pay sales tax on a gifted car in NY?
If the vehicle was a gift or was purchased from a family member, use the Statement of Transaction {Sales Tax Form} (PDF) (DTF-802) to receive a sales tax exemption.
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How does NYS DMV calculate fair market value?
Here's how it generally works: Purchase Price: If you recently purchased the vehicle from a dealership or a private seller, the purchase price is often used as the fair market value for tax calculation. This is the most common scenario.
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How do you determine the fair market value of a vehicle?
You can find the actual value of your car by going to a library or bookstore and referring to a Kelley Blue Book. Or, you can find similar vehicles that are being sold in your area (within 50 miles of your zip code) with local auto trade magazines, or online.
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How does NYS DMV determine fair market value?
Here's how it generally works: Purchase Price: If you recently purchased the vehicle from a dealership or a private seller, the purchase price is often used as the fair market value for tax calculation. This is the most common scenario.
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Who determines fair market value for tax purposes?
The buyer and seller of real estate determine the fair market value of real estate. The appraiser or assessor analyzes real estate transactions that occur within a community and determine the factors that lead to the final sale prices.
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What forms do I need to register a car in NY?
Ready? Have with you: A completed Vehicle Registration / Title Application (MV-82) Proof you own the vehicle. ... Proof of your identity and age. ... Proof you have NY automobile liability insurance. ... Payment for fees and taxes, or proof of payment or exemption.
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What factors determine fair market value?
Fair market value is an estimation of a property's worth, typically determined by a real estate professional based on factors such as condition, location and the market value of comparable properties in the same area.
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How much is sales tax on a $20,000 car in NY?
The state of New York charges a 4% used car sales tax on the purchase price of the vehicle. Many New York counties or municipalities levy their own sales tax, bringing the total to upwards of 8% for most residents of the state.
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