Anyone elses excise tax value your car for $1500?

[Martin2000GTS]

This has always made me wonder...not that im complaining, but when I bought my 2000 gts (red) in 2004, I have always received a valuation of $1,500 on my MA excise tax which = $37.50 a year. This is great dont get me wrong haha, but Im just wondering why? My 2002 Ford Explorer Sport with 190,000 miles is valued at 2400. If I could sell that car for $2400 I'd be happy!

Maybe its because Mass knows I have cast pistons and no ABS???

Martin

 

[gilly6993]

MA has a weird way of valuing cars....not sure what they go by....my 09 GT-R is valued at 49K and change so I'm not complaining....my 05 1500 Ram is valued at only $2,000.....not sure what they'll value my 09 ACR at yet....

 

[gilly6993]

found this info....

In Massachusetts, excise tax paid on cars is deductible. The registration fees paid to the state are not, but the excise tax paid to your town/city is. The excise tax is $25 per $1000 of the car’s value, based upon the original MSRP and a factor that decreases with time:

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%

 

[Martin2000GTS]

Interesting info! thanks Gilly.

still kinda wonder why my car is worth $1500 even after 4 years? (when I bought the car). If the car was 70k new in 2000 then even at 5 years old it should be worth $7000. Ha o well! Like I said I cant complain!

 

[ViperGeorge]

If I understand this correctly and based on what I'm getting ripped off for by MA. If the car was $100,000 new then the first years excise tax would be $2250 or $25 x 100 x 90%. In year two it drops $25 x 100 x 60% or $1500. In the fifth year and after it would drop to $25 x 100 x 10% or $250.

 

[Coloviper]

It's like your utility power bill. They can charge whatever they want and you have to pay it. You need the power! If you don't they take the power away. Same principle on yearly registration, you are pretty powerless in making changes. After all these years, I still can not figure our Colorado's. On a new vehicle it is through the roof, then each year it drops a bit more. After 6 years it is pretty constant. I ask every year if someone can explain the formula and no one can. Your numbers on registration based upon value seem a tad low from what I have seen out here both from a start and finish point.

 

[gilly6993]

It's like your utility power bill. They can charge whatever they want and you have to pay it. You need the power! If you don't they take the power away. Same principle on yearly registration, you are pretty powerless in making changes. After all these years, I still can not figure our Colorado's. On a new vehicle it is through the roof, then each year it drops a bit more. After 6 years it is pretty constant. I ask every year if someone can explain the formula and no one can. Your numbers on registration based upon value seem a tad low from what I have seen out here both from a start and finish point.

here in MA we pay a yearly excise tax on top of registration fees....they have nothing to do with one another....

 

[Coloviper]

Ouch!

Then you are being *****. That is ugly.

 

[gilly6993]

Ouch!

Then you are being *****. That is ugly.

Massachusets = Taxachusets....

 

[RTTTTed]

That's a rip-off. Here in BC you buy a car and want to register it (like the 00ACR I'm currently working on buying), at the border they charge $290 (inspection for a $30 inpsection), $100 for "Green Tax" on ac and then 5% GST. After two mechanical inspections you pay 10% plus a $1300 luxury tax (for higher end cars). Then pay Gov. reg, plate fees, Gov insurance of $3,200/annum with 46% safe driver discount.

So, here you get ripped off for nearly 20% upon purchase over $55,000 and 10 x the amount for insurance every year! Az. insurance is $300.

However we do pay Exise Tax on gas/diesel at about $.40/usgl.

Remember when tax was only a little bit of your life? No tax is half of my insurance, 12 - 25% of everything I buy, 25 - 50% income tax, Property transfer tax, etc. Energy Tax, phone tax. Woner if all our massive tax dollars make anything better for anyone other than the Politicians???

What's funniest of all is the "special service fee" I pay on top of my insurance. I paid $54. for "enhanced traffic enforcement". I paid $25 for "addittional registration and license fees" on the wife's pickup. ***? I pay extra to ask them to give me extra tickets that they raised to ridiculous amounts and then use points to charge me "Driver's License Penalty Point Premiums"???

North America has higher taxes than Dictatorships in this world should be MSN and Global's news primary story.

Does anyone else think that most Politicains should be in jail?

Ted

 

[V10SpeedLuvr]

Anyone with a cheap tag for their Viper can thank GA. We get screwed so bad by the crooks in this state, the rest of the country can go soft on their residents. My 14 year old Viper runs about $480/yr for the tag (I believe it was $550 when I bought the car in 05'). My 12 yr old Mitsubishi Eclipse DD runs about $120/yr. I know of guys in Atlanta with newer Vipers (06-up) paying $1500/yr for their tag!

 

[RTTTTed]

Why not pass a law that every Politician that raises taxes goes to jail an apporpriate amount comparable to the tax increase? I bet the taxes would go up and little Politicans would get paid by Big Politicians to go to jail?

I'd vote for that!!!