Duty Calculation Formula:
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Motor Vehicle Duty is a tax imposed by Australian state governments when you register a motor vehicle. The duty rate varies by state and vehicle type, typically ranging from 3% to 7% of the vehicle's market value.
The calculator uses the simple formula:
Where:
Explanation: The calculation multiplies the vehicle's value by the duty rate percentage (converted to decimal).
Details: Accurate duty calculation helps in budgeting for vehicle registration costs and ensures compliance with state revenue requirements.
Tips: Enter the vehicle's market value in AUD and the applicable duty rate percentage. Most states use 3-4% for standard passenger vehicles.
Q1: What's the typical duty rate in Australia?
A: Rates vary by state but are typically 3-4% for passenger vehicles and up to 7% for luxury vehicles in some states.
Q2: How is vehicle value determined?
A: States typically use the market value at time of registration, which may be the purchase price or an official valuation.
Q3: Are there exemptions or concessions?
A: Some states offer concessions for pensioners, primary producers, or certain vehicle types like electric vehicles.
Q4: When is the duty payable?
A: Duty is payable when registering the vehicle for the first time in a state or when transferring registration.
Q5: Is GST included in the value?
A: No, duty is calculated on the GST-exclusive value of the vehicle.