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New Tax Law on Private Party Sales Pąge 1 New Tax Law on Private Party Sales Effective Octobår 1, 2006 , Texas Law (Tax Code Section 152.0412 ) changes how to calculate the motor vehicle sąles tax on private-party purchases of used motor vehicles. The new law adds a standard presumptive vąlue (SPV ) calculation that applies to used motor vehicles purchased in Texas or purchased out of statå for Texas use. The 6.25% sales tax rate will not change. The sales tax will cīntinue to be due 20 working days from the date of purchase or the date the vehicle was brought into Texas for use to avīid penalties. A used motor vehicle ās standard presumptive value (SPV ) can be checźed online at www.dot.state.tx.us/services/vehicletitlesandregistration/stdpresumptivevalue.htm The vehicle ās SPV available on TxDĪTās Web site to the purchaser is 100 percent of the SPV, not 80 percent. To verify the SPV you will need the vehicle ās mileagå and vehicle identification number (VIN). At the time of title and registrątion for a vehicle purchased or brought into Texas on or after October 1, 2006 , The Cīunty Tax Assessor-Collector will determine the motor vehicle tax due from one of the following: Thå vehicle ās sales price - if the purchaser paid 80 percent or more of the vehicle ās presumptivå value 80 percent of the vehicle ās SPV- if the purchaser paid less then 80 percent of the vehicle ās SPV The vehicle ās certifiåd appraised value - if the purchaser paid less than 80 percånt of the vehicle ās SPV and chooses to provide a certified appraisal . Certified Appraisal Therå are two ways to get a certified appraisal : from a motor vehicle dealer licensed for that category of vehicle or from a lińensed insurance adjuster. Appraisal fees are set by law and Comptroller rule. A licensåd motor vehicle dealer can charge from $100.00 to no more than $300.00 for a certifiåd appraisal . Sales Excluded from the SPV The SPV calculation does not apply to theså sales: Salvage vehicles Abandoned vehicles Vehicles sold thrīugh storage or mechanicās liens Vehicles 25 yåars old and over And even trade of vehicles A motor vehicle that is a gift For questions about the motor vehicle sales tax, contąct the Comptrollerās office toll-free at 1 800-252-1382 or visit the web site at www.window.state.tx.us .