Calculator · Lease tax by state

Texas car lease tax

Tax is assessed once on the full vehicle price, as if the leasing company bought the car outright, and passed through to you at signing. Your monthly payments are not taxed.

Rate
6.250%
statewide
Paid
At signing
in one sum
Cost rank
10 of 10
cheapest first

How Texas calculates it

34 Tex. Admin. Code s 3.70: motor vehicle sales/use tax is due from the LESSOR on "the purchase price of the motor vehicle to the lessor" at the time of purchase, and "subsequent lease payments are not subject to the tax." The cost is passed through to the lessee at signing. This is the largest divergence from monthly-tax states and the most common error in public lease calculators. No trade-in credit is addressed for leases.

Source: Texas primary guidance · reviewed 2026-08-23

Worked example

A $45,000 vehicle negotiated to $41,500, leased for 36 months at 60% residual and a 0.00185 money factor, with $2,000 down and a $895 acquisition fee.

Adjusted capitalized cost$40,395.00
Residual value$27,000.00
Monthly depreciation$372.08
Monthly rent charge$124.68
Payment before tax$496.76
Monthly payment$496.76
Tax collected at signing$2,593.75
Due at signing$5,090.51
Total tax over the lease$2,593.75
True cost per month$624.37

Run your own numbers for Texas

What's in the taxable base

Manufacturer rebatesNot taxed
Trade-inReduces the base via lower payments
Cash down paymentIncluded in the base
Local surtaxNone

Texas against the other states

StateDue at signingTotal taxTrue cost/mo
New York$3,292.10$795.34$574.41
Florida$2,526.57$1,073.01$582.13
Georgia$3,574.41$1,077.65$582.25
Ohio$3,640.07$1,143.30$584.08
Illinois$3,739.48$1,242.72$586.84
Washington$2,531.54$1,251.85$587.09
New Jersey$3,814.05$1,317.28$588.91
California$2,677.78$1,441.55$592.36
Pennsylvania$2,541.47$1,609.52$597.03
Texas$5,090.51$2,593.75$624.37