Thread: Property Tax???
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      05-07-2008, 02:44 PM   #52
Roowah
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Drives: 2006 E90 330i 6MT
Join Date: Jan 2007
Location: Cambridge, MA

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I wanted to clarify the excise tax in MA when it comes to vehicles.

Yes, it is assessed every year, and if you have a leased vehicle, BMW FS pays it and you'll see it reflected in your lease statement. Now, this assessment is based on the value of your vehicle by roughly X dollars per thousand. As your vehicle depreciates in value, so does the excise tax you owe. It actually drops pretty significantly after the first couple years of ownership. My fiance I believe pays less than $100/year for her 2004 CRV.

I remember when I moved to Taxachussets over 10 years ago from NY, and they started sending me a bill for the excise tax (I think it was for about $50. I had a 94 Probe GT at that time). Coming from NY, I had no idea what excise tax was, and just thought it was junk mail! After awhile, I received an official letter in the mail that they were going to take out a warrant to collect my excise tax! Well at that point I realized this was NOT junk mail and promptly paid my 50 bucks.
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2006 E90 330i 6MT: TiAg|Black Leather|Poplar Trim|Premium Package|Cold Weather Package
2003 E46 325i 5MT: Retired - The beginning of my BMW obsession!