Motor vehicle excise is taxed on the calendar year. It is an assessment in lieu of a personal property tax. The excise due is calculated by multiplying the value of the vehicle by the motor vehicle tax rate. The tax rate is fixed at $25 per one thousand dollars of value. The value of a vehicle is determined as a percentage of the manufacturer's suggested retail price for that vehicle based on the year of manufacture.
Applicable Percentage from M.G.L. 60A§1
% of MSRP
Year preceding year of manufacture (i.e. - 2005 model in 2004)
Year of manufacture
5th and succeeding years
Preceding model year (2005 model in 2004) ► $30,000 x 50% = $15,000 x .025 = $375