Vehicles of $10,000 or less will not be charged any taxes. Most of such vehicles are either used, or very basic new cars. Vehicles from $10,001 – $60,000 will be charged at the standard rate, where as vehicles more than $60,000 will be charged at the luxury tax rate. This also applies to buses, aircraft, and water vehicles. If something is necessary (such as living on an island), then an exemption can possibly be made.