How is the Excise Tax calculated?
Excise Tax is calculated by multiplying the MSRP by the mil rate (the rates drop back on January 1st of each year):
Year 1: 0.0240 mil rate
Year 2: 0.0175 mil rate
Year 3: 0.0135 mil rate
Year 4: 0.0100 mil rate
Year 5: 0.0065 mil rate
Year 6: 0.0040 mil rate

For example, a 3 year old car with an MSRP of $19,500 would pay $263.25. Please call 207-864-3326 for more information.

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1. Where do I pay the Excise Tax?
2. How much is the Excise Tax?
3. How is the Excise Tax calculated?
4. Where does the Excise Tax go?
5. Why is the tax based on MSRP?