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No Tax Increase for NYC Parking

Greetings!

One WayGood news for folks parking in NYC! On August 1, 2009, NYC sales tax increased 1/2% from 8.375% to 8.875%, but parking is exempt from this increase. Even though the savings really amounts to less than $.25 an hour, those quarters add up.

While we were researching this article, we realized that most people don't know that parking gets charged an 18.375% tax rate, while the rest of the city pays only 8.375% in sales tax. Here’s a breakdown of the full tax rate:

6.00% NYC Sales Tax (most all other goods and services have just a 4% NYC Sales Tax)
4.00% NYS Sales Tax
0.375% Metropolitan Commuter Transportation District Surcharge

This gives us a total of 10.375% tax. But wait, there’s more... so read on!



Flat-Rate Pricing Extended by Central Parking

StartupsCentral Parking has extended its fabulous flat-rate pricing for over 100 locations. Each garage has a tax-included set price for 6, 12, and 24 hours. You don't need to worry about entering really early or leaving by a certain time, either.

Check out Central Parking

Margot Tohn
Publisher



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