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About Excise Taxes
Excise Taxes on Vehicles
Excise tax bills are due annually for every vehicle owned and registered in Massachusetts. Excise tax bills are prepared by the Registry of Motor Vehicles and billed by the local community where the vehicle is garaged.
Massachusetts Vehicle Valuation Table
The value of the vehicle is determined by multiplying the Manufacturers suggested retail price by the depreciation factor according to the following valuation table:
New Car released in the year prior to manufacture 50%
In the Year of Manufacture 90%
In the Second Year 50%
In the Third Year 40%
In the Fifth and all Succeeding Years 10%
Excise Tax Rates
The minimum excise tax bill is $5.00.
The excise tax rate is $25.00 per one thousand of assessed value.
For more information about Excise Taxes, click on...
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