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AUTO TITLE MANUAL - Franklin County, Ohio

AUTO TITLE MANUAL - Franklin County, Ohio

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FRANKLIN COUNTY CLERK OF COURTS<br />

<strong>AUTO</strong> <strong>TITLE</strong> <strong>MANUAL</strong><br />

Dealer Reassignment Used as Evidence for an Original Title<br />

Many states do not require a dealer to obtain a title in the dealer’s name before<br />

assigning ownership. In fact, many vehicles are assigned multiple times before a new<br />

certificate of title is issued.<br />

Certificate of Title<br />

Reassignment(s) showing complete chain of ownership<br />

<strong>Ohio</strong> Title Application<br />

Out-of-State inspection<br />

Other applicable supporting evidence<br />

Note: The preceding should be used as a guide when filling out paperwork. As is noted<br />

by the last bullet point under each heading, other supporting evidence may be required<br />

depending on the titling circumstances. When in doubt, call our Customer Service Line.<br />

Motor Vehicle Tax<br />

The following terms and their definitions are provided to clarify the text below:<br />

Gross tax = purchase price multiplied by county tax rate.<br />

Vendor discount = gross tax multiplied by .0075<br />

Net tax = gross tax minus vendor discount<br />

Casual Transactions<br />

A casual transaction is a transaction between two parties, neither of which is a licensed<br />

motor vehicle dealer. On a casual transaction, the gross tax amount is remitted to the<br />

Clerk of Courts. The current tax rate for <strong>Franklin</strong> <strong>County</strong> is 6.75%. Therefore, on a $100<br />

sale, the tax would be figured as $100 x .0675 = $6.75.<br />

Dealer Transactions<br />

On a dealer sale, tax is figured on the full purchase price on a used vehicle and on the<br />

purchase price minus any trade-in on a new vehicle purchase. The net tax is remitted to<br />

the Clerk’s office. For example, on a $15,000 purchase price with no trade-in, the tax<br />

would be figured as $15,000 x .0675 = $1012.50, $1012.50 x .0075 = $7.59, $1012.50 -<br />

$7.59 = $1004.91. $1004.91 is the amount that would be remitted to the Clerks’ office.<br />

Lease Dealer Transactions<br />

At the end of a lease when the leasing dealer sells a vehicle, the leasing dealer is entitled<br />

to the vendor discount. The end of the lease buyout would be used for the purchase price.<br />

Net tax would be figured the same as in the formula above.<br />

The lease dealer is required to process the paperwork, collect the tax and remit the net tax<br />

to the Clerk’s office, and provide their customer with an <strong>Ohio</strong> title. When a vehicle has<br />

been titled as a lease or rental, the title cannot be transferred for ninety days (except to an<br />

insurance company in conjunction with an insurance claim).<br />

18 FRANKLIN COUNTY <strong>TITLE</strong> DIVISION CUSTOMER - CUSTOMER SERVICE LINE (614) 525-3090<br />

462-3090

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