What is excise tax?

The excise tax is a tax levied on every registered vehicle and trailer within the state. The taxpayer must pay the bill to the community in which the vehicle is registered as of January 1st of each calendar year. The rate for excise tax is $25 per $1,000 in the valuation of the vehicle based off of the MSRP. The MSRP is reduced by a percentage according to MGL Chapter 60A for the first five years of the life of the car and then fixed thereafter. If a vehicle is sold, donated or junked, an excise abatement may be obtained with the proper documentation.

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1. What are different types of exemptions that are available?
2. What are the Assessor’s Office responsibilities?
3. What is excise tax?
4. What is the current tax rate?
5. What is the difference between an exemption and abatement?
6. Why did I receive a note on my door indicating that the Assessor wanted to inspect my property?
7. Why does my new assessed value not reflect the value of my house today?
8. What is Proposition 2½?
9. Why is did my tax bill increase by more than 2 1/2 percent from the previous year?
10. Why is the previous owner's name still on my tax bill when I purchase the property within the last year?