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