Excise Tax Calculations

The manufacturer's suggested retail price when the vehicle was new is depreciated.

• In the year preceding the designated year of manufacture - 50%
• In the year of manufacture - 90%
• In the second year - 60%
• In the third year - 40%
• In the fourth year - 25%
• In the fifth and succeeding years - 10%

Calculation

• (Price new) × (% Good) = Value
• Value ÷ 1,000 × 25 = Tax