How are vehicles valued?
Based on valuation rates set by the state, vehicles are valued as follows:

  • 50% of mfr.'s list price in the year preceding the designated year of manufacture (brand new car released before model year)
  • 90% of mfr.'s list price (1st year)

  • 60% of mfr.'s list price (2nd year)

  • 40% of mfr.'s list price (3rd year)

  • 25% of mfr.'s list price (4th year)

  • 10% of mfr.'s list price (5th year)

Show All Answers

1. What is motor vehicle excise tax?
2. Who must pay?
3. What is the rate?
4. How are vehicles valued?
5. How is the tax determined?
6. Can I get an abatement?
7. Who qualifies for an abatement?
8. How are abatements figured?
9. Who qualifies for an exemption?
10. Where must I file for an abatement?
11. When is payment due?
12. What happens if my payment is late?
13. How does non-payment of motor vehicle excise affect license and registration?