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Minimum price you can sell a car in Texas, Tax wise?

Dec 16, 2009 by iNeed Help | Posted in Buying & Selling

I have a 1988 BMW 325is and for the bill of sale what is the minimum amount I can put on their for the cheapest taxes. I bought the car for $100 but I believe that is below the minimum. The DMV is closed at the moment so I would like to know if anyone

the bill of sale should state the exact price you paid....if the state has a minimum tax amount greater than the purchase price... that is what you will pay...

Sophie B | Dec 16, 2009

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Texas portion of the maximum allowed federal credit for state death tax ... Interstate carriers based in Texas report fuel tax paid in all member ...

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A tax is levied on all retail sales of motor vehicles in Texas and motor vehicles ... It is also used to calculate use tax on motor vehicles brought into Texas. ...

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