When received, a notation of the ownership will be entered on the vehicle computer record and no transaction will be allowed until the transfer of title is completed. This process is one of notification only. Completion and submission of the Notice does not constitute proper transfer of ownership and does not in any way affect the purchaser's obligation to transfer title within 30 days of obtaining the vehicle. Forms are available at any motor license agent's office. Excise Tax Information Excise tax is due upon each transfer of ownership unless specifically exempt by law.
Excise tax is collected when issuing the new title.
Oklahoma residents are subject to the excise tax if the vehicle is purchased out of state. Non-residents purchasing vehicles in Oklahoma are exempt from Oklahoma excise tax if they are titling and registering the vehicle in their home state. The tax rate for a new vehicle, vessel or outboard motor is 3.25 percent of the total delivered price of the vehicle. The total delivered price does not include dealer prep or freight. The taxable value is reduced for subsequent transfers to 65 percent of the value of the previous year's rate.