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.