|
Motor Vehicle Excise Tax
All Massachusetts residents who own and register a motor vehicle
must annually pay a motor vehicle excise. The excise is levied by
the city or town where the vehicle is principally garaged and the
revenues become part of the local community treasury.
Every motor vehicle owner must pay an excise tax based on valuation
of at least ten percent of the manufacturer's list price; thus,
owners of vehicles older than five years should have a fixed excise
tax bill for succeeding years of ownership. Even though an owner
may have applied for an abatement which may reduce an excise tax
bill, no excise shall be less than $5.
Boat Excise Tax
Any person who owns a watercraft on July first shall annually,
on or before August first, virtual a return to the assessors of the
town where such a vessel is moored or docked, or where it is principally
situated. An excise tax of ten dollars per thousand of valuation
is then levied by the Town of Nahant.
For the purpose of computing excise tax, the State offers the following
guidelines:
| Length of Vessel |
Age Under 4 Yrs. |
Age 4-6 Yrs. |
Age 7 or More Yrs. |
| 16.0' BUT LESS
THAN 17.5' |
$ 1,500 |
$ 1,000 |
$ 800 |
| 17.5' BUT LESS
THAN 20.0' |
$ 3,000 |
$ 2,000 |
$ 1,500 |
| 20.0' BUT LESS
THAN 22.5' |
$ 5,000 |
$ 3,300 |
$ 2,500 |
| 22.5' BUT LESS
THAN 25.0' |
$ 7,500 |
$ 5,000 |
$ 3,800 |
| 25.0' BUT LESS
THAN 27.5' |
$ 10,500 |
$ 7,000 |
$ 5,300 |
| 27.5' BUT LESS
THAN 30.0' |
$ 14,000 |
$ 9,300 |
$ 7,000 |
| 30.0' BUT LESS
THAN 35.0' |
$ 18,500 |
$ 12,300 |
$ 9,300 |
| 35.0' BUT LESS
THAN 40.0' |
$ 24,000 |
$ 16,000 |
$ 12,000 |
| 40.0' BUT LESS
THAN 50.0' |
$ 31,500 |
$ 21,000 |
$ 15,800 |
| 50.0' BUT LESS
THAN 60.0' |
$ 41,000 |
$ 27,300 |
$ 20,500 |
| 60.0' AND OVER |
$ 50,000 |
$ 33,000 |
$ 24,800 |
The payment of such excise shall not apply to vessels engaged exclusively
in commercial fishing, with a total value of $10,000 or less, nor
to other vessels with a value of $1,000 or less.
Abatement may be granted if the boat is transferred by sale or
otherwise, removed to another state and registered in such other
state, or the registration is surrendered or is not renewed in Massachusetts.
In such cases proof must be provided to the Assessors Office, and
no abatement is granted for transactions occurring after November
first.
If excise tax remains unpaid, the Harbormaster shall refuse to
allow the vessel to moor or dock within the waterways of Nahant.
Excise Tax Forms (PDF
Format)
|
