Real price data
What should you pay for a 2016 Toyota Tacoma?
Original MSRP
$29,275
When new
Fair market price
$24,340
Mileage-adjusted
Below MSRP
$4,935
A fair used price
Where prices land
25th $21,999 · 75th $28,411 · MSRP $29,275
Spread of current 2016 Toyota Tacoma listings · 25th–75th percentile marked.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| SR | $21,981 | $29,275 | — |
| SR5 | $22,714 | $31,420 | — |
| TRD Sport | $25,628 | $30,025 | — |
| Limited | $25,782 | $34,745 | — |
| TRD Off Road | $25,865 | $32,460 | — |
- SR
- $21,981
- SR5
- $22,714
- TRD Sport
- $25,628
- Limited
- $25,782
- TRD Off Road
- $25,865
Out-the-door price by state
Out-the-door for a 2016 Toyota Tacoma runs about $24,651 in MT to $26,980 in NJ — fair price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $1,765 | $110+ | $26,215 |
| TX | $1,521 | $332 | $26,193 |
| FL | $1,460 | $1,074+ | $26,874 |
| NY | $974 | $371 | $25,685 |
| PA | $1,460 | $587 | $26,387 |
| IL | $1,521 | $683 | $26,544 |
| OH | $1,400 | $444 | $26,184 |
| GA | $1,704 | $637 | $26,681 |
| NC | $730 | $793 | $25,863 |
| WA | $1,582 | $215+ | $26,137 |
| OR | $0 | $525 | $24,865 |
Estimates using each state's base tax rate. Local (city/county) taxes can add 1–3% in many areas, dealer doc fees vary, and some states base registration on vehicle value or weight (shown with a "+"). Trade-in tax credits are not included.
Out-the-door price by state: California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, Washington, Oregon
Safety & recalls
4 open NHTSA recalls on record for the 2016 Toyota Tacoma.
STRUCTURE:BODY:HOOD:HINGE AND ATTACHMENTS
Southeast Toyota Distributors, LLC (SET) is recalling certain 2011-2016 Toyota Tacoma and 4Runner vehicles equipped with accessory hood scoops installed by SET or SET dealers. The adhesive attaching the hood scoop may weaken, allowing the hood scoop to detach from the vehicle.
Remedy: SET will notify owners, and dealers will mechanically fasten the scoop to the hood, free of charge. The recall began on September 1, 2017. Owners may contact SET customer service at 1-954-429-2000. SET's number for this recall is SET17B.
Campaign 17V425000 · 03/07/2017
ENGINE
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2016-2017 Tacoma vehicles equipped with a six-cylinder engine. The affected vehicles have a crank position sensor that may malfunction, potentially resulting in an engine stall.
Remedy: Toyota will notify owners, and dealers will replace the crank position sensor with an improved design, free of charge. The recall began July 26, 2017. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's number for this recall is H0H.
Campaign 17V356000 · 01/06/2017
POWER TRAIN:DRIVELINE:DIFFERENTIAL UNIT
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2016-2017 Tacoma vehicles. Oil may leak from the area where the rear differential carrier is assembled to rear axle housing.
Remedy: Toyota will notify owners, and dealers will inspect the rear differential for oil leakage. Based on the inspection, dealers will either tightening the fastening nuts or replace the fastening nuts and gasket. If the rear differential components are damaged, the rear differential carrier assembly will be replaced. The repairs will be performed free of charge. The recall June 19, 2017. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's number for this recall is H0G.
Campaign 17V285000 · 27/04/2017
AIR BAGS:KNEE BOLSTER
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain model year 2016 Tacoma trucks manufactured August 20, 2015, to September 10, 2015. In the affected vehicles, incorrect bolts were used to install the driver's knee air bag module.
Remedy: Toyota will notify owners, and dealers will install the correct driver's knee air bag module mounting bolts, free of charge. The recall began on November 19, 2015. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's number for this recall is F0T.
Campaign 15V656000 · 14/10/2015
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Frequently asked questions
What is a fair price for a 2016 Toyota Tacoma?
A fair, mileage-adjusted price is about $24,340, within a typical market range of $21,999 to $28,411.
Is the 2016 Toyota Tacoma cheaper than MSRP?
Yes — its original MSRP was about $29,275, so a fair used price is roughly $4,935 below MSRP.
What is the out-the-door price of a 2016 Toyota Tacoma?
Out-the-door (price plus state tax, title, registration, and a typical doc fee) runs about $24,651 in MT to $26,980 in NJ, depending on your state. Local taxes can add more.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 6/20/2026. Estimates only; your price depends on condition, options, and location.