Quote:
Originally Posted by CWatkinsNash
That's a silly way to do it. In TN you pay it when you get the new registration, and they have safeguards in place to ensure they get a fair amount. (For example, if you claim to have paid a ridiculously low amount, you must be directly related to the seller to pay the tax on only that amount. My mom was able to transfer a car to me for $1, but if we were not related, it would have been taxed at the value of the car.) I think Maryland does the same, or they used to.
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How it is done in Missouri, is that when you register the car, you pay the taxes at the DMV based on the sale price of the vehicle. You show the bill of sale, and the signed over title (which also has a spot for the sale price), pay your taxes & fees and you get your plates.