In accordance with MGL Chapter 60A, the Motor Vehicle excise tax is assessed on every motor vehicle and trailer registered, for the privilege of such registration.
The excise is assessed in the city or town where the motor vehicle is principally garaged. The tax is assessed on a calendar year basis and calculated based on the valuation of such vehicle. The valuation of a motor vehicle or trailer for excise purposes is determined by the Commissioner of Revenue at varying percentages of the manufacturer’s list price (MSRP) in the year of manufacture as follows:
|In the year preceding the designated year of manufacture||50%|
|In the year of manufacture||90%|
|In the second year||60%|
|In the third year||40%|
|In the fourth year||25%|
|In the fifth and succeeding years||10%|
Condition and market value are not considerations in determining the value, nor is age after the fifth year.