Enter the value of your car, its age, and the excise tax rate into the calculator to determine your net excise tax.
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Massachusetts Car Excise Tax Calculation Formula
The following formula is used to calculate the net excise tax from your car’s value and age.
Net Excise Tax = Depreciated Value * Excise Tax Rate
Variables:
- Net Excise Tax is the amount you pay in excise tax ($)
- Depreciated Value is the car’s value after accounting for depreciation ($)
- Excise Tax Rate is the percentage of tax applied to the depreciated value (%)
To calculate