How are vehicles valued?

The value of a motor vehicle for excise purposes is determined by the Commissioner of Revenue at varying percentages of the manufacturer's list price in the year of manufacture as follows:

  • 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%

Condition and market value are not considerations in determining the value, nor is age after the fifth year. 

Show All Answers

1. What is motor vehicle excise tax?
2. Who must pay an excise tax?
3. What is the tax rate?
4. What happens if an excise bill is overdue?
5. How do I change the mailing address on my excise bill?
6. How can I pay a bill that is held at the Deputy Collector's office?
7. How are vehicles valued?
8. Who qualifies for an abatement?
9. Who qualifies for an exemption?
10. When must I file for an abatement or exemption on excise?
11. Where must I file for an abatement?
12. Where do I get an application for abatement?
13. What is the minimum tax?
14. What information do I need to file with an abatement application?
15. How long does it take to receive an abatement once it is filed?