Mass. Excise Tax

[KJT13]

I just had to pay my Massachusetts Excise Tax. If you aren't from Mass, this is the tax that you must pay in order to legally park YOUR car (that you already paid sales tax on) in YOUR driveway or in front of YOUR house. I had to laugh at the estimated value that the City of Boston placed on my truck... $3950, so I did alittle research...

 

 

 

Under MGL Chapter 60A, all Massachusetts residents who own and register a motor vehicle must annually pay a motor vehicle excise. Also, under MGL Chapter 59, Section 2, it is important to note that every motor vehicle, whether registered or not, is subject to taxation, either as excise or personal property, for the privilege of road use, whether actual or future. The excise is levied by the city or town where the vehicle is principally garaged and the revenues become part of the local community treasury.

 

 

 

An excise at the rate of $25 per one thousand dollars of valuation (effective 1/1/81) is levied on each motor vehicle. Information on the value of a motor vehicle is accessed electronically through a data bank complete with valuation figures. Different sources provide the valuation figures depending upon whether the motor vehicle is an automobile, a truck, a motorcycle, or a trailer. For example, automobile valuations are derived from figures published in the National Automobile Dealers Association Official Used Car Guide (NADA), to which the Registry has electronic access. Most public libraries have copies of NADA and other motor vehicle official guides.

 

Figures are the manufacturers’ list prices for vehicles in their year of manufacture. Present market value, price paid, or condition are not considered for excise tax purposes. The excise tax law (M.G.L. c.60A, s.1) establishes its own formula for valuation for state tax purposes whereby only the manufacturer’s list price and the age of the motor vehicle are considered. The formula is as follows:

 

In the year preceding the model year

(brand new car released before model year)

 

50%

 

In the model year

 

90%

 

In the second year

 

60%

 

In the third year

 

40%

 

In the fourth year

 

25%

 

In the fifth and succeeding years

 

10%

 

 

Every motor vehicle owner must pay an excise tax based on valuation of at least ten percent of the manufacturer’s list price; thus, owners of vehicles older than five years should have a fixed excise tax bill for succeeding years of ownership. Even though an owner may have applied for an abatement that may reduce an excise tax bill, no excise shall be less than $5.

[mike1booth]

i just paid that and my tires might not even hit MA pavement this year

[Stitches040]

My MistreSS was finally down to $97.50. ..... I truly cry Massachusetts!

[Krambo]

BS.

 

I really hate the balogna taxes they push. I would love to see exactly where ALL of that money goes. With that many cars, the roads should be paved with cement and have decorative crash bariers with NO tolls.

 

...And I though my "pleasure to work in PA tax" (AKA: EIT) was a bunch of crap.

[chevygal]

I just paid it for my 08 Cobalt SS. It's true, we already paid sales tax to have the damn thing, why do we have to pay yearly to keep it? And on top of that, I had to pay excise tax on my 400cc scooter too.

[gixxerrider]

This is why i dont register any cars in MA anymore. Plus i would have to have MA insurance which is double where i am living now.

[70chevy03ss]

97.50 for the ss

my 70 chevelle 8.00