Does Connecticut Charge a Luxury Tax on Cars Over $50,000?

Learn about Connecticut's Luxury Vehicle Tax on passenger cars priced above $50,000 and how the 0.65% tax is calculated.

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Yes, Connecticut imposes a Luxury Vehicle Tax. As of now, it applies to passenger vehicles with a sales price exceeding $50,000. This additional tax is calculated at 0.65% on the total purchase price of the qualifying vehicles.

FAQs & Answers

  1. What is the luxury vehicle tax rate in Connecticut? Connecticut imposes a luxury vehicle tax of 0.65% on passenger vehicles with a sales price exceeding $50,000.
  2. Which cars are subject to the luxury tax in Connecticut? Passenger vehicles sold in Connecticut with a purchase price over $50,000 are subject to the luxury vehicle tax.
  3. Is the luxury vehicle tax separate from the state sales tax in Connecticut? Yes, the luxury vehicle tax is an additional tax calculated on top of the regular state sales tax for qualifying vehicles.

Watch More

For more details on vehicle taxes and registration fees in Connecticut, explore our related videos on car registration processes, state sales tax rules, and tips for buying luxury vehicles.

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