Vehicle Inventory Tax

tax-text-magnified-grungy-300Vehicle Inventory Tax
Vessel Inventory Tax
Heavy Equipment Tax
Mobile Home Inventory Tax

Dealer’s Vehicle Inventory Tax (VIT) is due on or before the 10th of each month as required by Section 23.122 of the Texas Property Tax Code. Dealers report sales, dealer to dealer sales, fleet sales, and subsequent sales. This tax is based on the sales price of the inventory item as well as the tax rate that is based on the location of the dealer.