Excise data is prepared by the Registry of Motor Vehicles according to the information on the motor vehicle registration. It is sent to the Assessor who commits them to the Treasurer/Collector for distribution and collection of payment.
An excise tax at the rate of $25 per one thousand dollars of valuation is levied on each motor vehicle. Information on the value of a motor vehicle is accessed electronically through a data bank complete with valuation figures. Different sources provide the valuation figures depending upon whether the motor vehicle is an automobile, a truck, a motorcycle, or a trailer.
Every motor vehicle owner must pay an excise tax based on valuation of at least 10% of the manufacturer’s list price; thus, owners of vehicles older than five years should have a fixed excise tax bill for succeeding years of ownership. Even though an owner may have applied for an abatement that may reduce an excise tax bill, no excise shall be less than $5.