If I move to Mississippi, how long do I have to purchase a license plate? You receive the reduction on passenger vehicles and trucks, when you purchase your plate at the proper time. The percentage is set each year by the Mississippi State Tax Commission. This is a percentage credit granted by the Mississippi Legislature in 1994 towards the purchase price of your license plate. The greatest amount is 25% with no legislative tag credit. What is the greatest amount of penalty you may receive on the purchase or renewal of a license plate? Use/tax is the same as sales tax, but is charged on vehicles purchased out of state from a dealer at the rate of 5% on the purchase price less the trade-in. This amount is multiplied times the millage rate for the area in which you reside, less the tag credit you receive in Mississippi when you purchase or renew your plate on time, plus any penalty if applicable. Polk Black Book, a supplier of the Manufacture's Suggested Retail Price (MSRP). The VIN or Vehicle identification Number from your vehicle is entered into the state/county computer, which pulls a value acquired by the State Tax Commission from R. How is the cost of a license plate computed? The difference would be the application of sales tax at the rate of 5% on vehicles less than ten (10) years old. Will the same criteria apply to a vehicle bought and sold between individuals? The buyer or buyers must be present the first time to apply for a Mississippi title.
You will need the ordinal title signed by the seller or sellers as shown on the front of the title. How do I transfer my title between individuals?
#License timeplus registration#
If you have a lease vehicle, you will need a POA from the Lease Company along with the license plate and registration from the other state.
#License timeplus full#
If you have a lien holder, you will need the current full name and address of your lien holder, proof of residency in Oktibbeha County and the out-of-state license plate. Whoever is listed on the front of the out-of-state title as owner must appear the first time to apply for a Mississippi title. If you own your vehicle outright with no lien holder, you will need your title from the other state, your registration from the other state, proof of residency in Oktibbeha County, and your out-of-state license plate. New residents must retitle their vehicle in the State of Mississippi. How do I title my vehicle if I am a new resident? There must be time remaining on the plate and the original credit slip may be used towards the purchase of another license plate. How do I get a credit slip for my license plate, If I sell my vehicle?Ĭredit slips are issued on license plates brought to the office of the Tax Collector for a vehicle, which has been sold. Thereafter, a 5% penalty will apply per month up to 25%. You have seven (7) working days beginning with the next day after purchase. How long do I have to purchase a license plate for a new or used vehicle purchased from a dealer before penalty applies? Oktibbeha County, Mississippi FAQ LICENSE PLATE QUESTIONS
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