This tool calculates your car’s tax based on its price and emission levels.
Car Tax Calculator
Use the Car Tax Calculator to estimate the tax on your car based on various parameters including price, age, emissions, fuel type, and engine size.
How to Use It
- Enter the price of the car in dollars.
- Enter the age of the car in years.
- Enter the car’s emissions in grams per kilometer.
- Select the fuel type of the car.
- Enter the engine size in cubic centimeters (cc).
- Click on “Calculate” to see the estimated tax.
How It Calculates the Results
The tax calculation is based on the following formulas:
- For Petrol cars: Tax = (Price * 0.05) + (Emissions * 0.1) + (Engine Size * 0.01)
- For Diesel cars: Tax = (Price * 0.06) + (Emissions * 0.12) + (Engine Size * 0.015)
- For Electric cars: Tax = (Price * 0.02) + (Emissions * 0.05)
- For Hybrid cars: Tax = (Price * 0.03) + (Emissions * 0.08) + (Engine Size * 0.007)
The tax is then reduced by $50 for each year of the car’s age, but it will not go below $0.
Limitations
Please note that this calculator provides an estimate and may not reflect the exact tax you will need to pay. The actual tax may vary based on additional factors not included in this calculator. For precise details, always refer to your local tax regulations or consult with a tax professional.
Use Cases for This Calculator
Calculate Annual Car Tax
Enter the vehicle’s make, model, year of manufacture, and engine size to instantly get the annual car tax amount. Easily plan your budget with this convenient tool.
Determine Tax Amount for Multiple Vehicles
Input details for each vehicle separately and receive the tax amount for all vehicles. Simplify the process of managing taxes for your vehicle fleet.
Compare Tax Amount for Different Vehicles
Effortlessly compare the tax amounts for various vehicles by entering their details individually. Make informed decisions based on the tax implications.
Check Tax Rates for Various Engine Sizes
Explore how the tax amount varies based on different engine sizes for a specific vehicle model. Understand the impact of engine capacity on annual tax payments.
Estimate Total Tax for a Specific Year
Plan ahead by entering the details of all your vehicles to get the total tax amount for the upcoming year. Stay prepared financially with this helpful feature.
Review Previous Tax Payments
Input the details of your vehicle to retrieve the tax amount paid in the previous year. Keep track of your tax history easily with this calculator.
Calculate Tax Savings with Green Vehicle
Compare the tax amount for a regular vehicle with a green vehicle by entering their details side by side. Discover the potential tax savings with an eco-friendly choice.
Understand Tax Breakdown
Receive a detailed breakdown of how the tax amount is calculated based on the inputs provided. Gain insight into the components influencing the tax calculation.
Get Reminder for Tax Renewal
Enter your vehicle details along with your renewal date to set up a reminder for your tax renewal. Stay on top of your responsibilities with this handy feature.
Plan Budget for Vehicle Ownership
Use the tax calculator to estimate the annual tax amount and include it in your vehicle ownership budget. Ensure you have a clear picture of all expenses associated with your vehicle.