Putting a City of Sacramento Sales Tax Increase in Perspective
Most sales tax could translate to big money on major purchases, but measure U’s sales tax isn’t as bad as some might think
The new tax means you’ll pay 8.25 percent starting April 1st as opposed to the current 7.75 percent.
“For every $10,000 a customer buys there is going to be a $50 sales tax over last year,” said sales manager Davis Slaton with Sacramento Hyundai
If you purchased a $10,000 car with a four-year loan at roughly 9.99 percent interest, you’ll pay a total of $64.20 in sales tax.
“Once people see that it’s really not a significant amount of money I don’t think it will significantly affect us in the long term,” Slaton said.