Quote:
Originally Posted by EazyD
I got the Z mid-november 2010. My excise tax from Nov 2010 - Dec 2010 is costing me $130 in excise tax for Mass. What the heck is a whole year going to look like ??! You 2009 owners - what is your excise bill like?
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Buying at the end of the year was a smart move as the following year's excise tax will be lower due them taxing the car as 1 year old (provided you bought a 2010 model).
The tax rate is 2.5% of the MSRP value (not the purchase price) multipled by either:
Year of manufacture: 90%
Year after the year of manufacture: 60%
Third year: 40%
Forth year: 25%
Fifth and subsequent years: 10%
So assuming a 2010 model this will be: Purchase price * 2.5% * 60%
e.g. 34000 * 0.025 * 0.6 = $510
I bought a 2009 370Z at the beginning of 2009 so I got screwed with the 90% rate. Last October I bought a new 2010 truck and the excise tax this year was much lower.