Excise Tax Question

[nightfighter]

Calculation Of The Excise Amount
The amount of the motor vehicle excise due on any particular vehicle or trailer in any registration year is calculated by multiplying the value of the vehicle by the motor vehicle excise rate. That rate is fixed at $25.00 per thousand dollars of value. The value of a vehicle for the purpose of the excise is the applicable percentage for that year of the manufacturer’s suggested retail price for that vehicle. The applicable percentages are set out in Ch. 60A §1 as follows:
In the year preceding the year of manufacture 50% (This one is kind of weird, if you ask me...)
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%
The manufacturer’s list price for any particular vehicle is the price recommended by the manufacturer as the selling price of that vehicle when new. It is the manufacturer’s list price rather than the actual purchase price which will control for purposes of calculating the motor vehicle excise

At least the tax goes into your town's coffers as opposed to the state's.