A Guide to Estimating Excise Personal Property Tax in MA (and other states...)

Channel:

Ari Janessian

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Published on October 15, 2018 5:53:00 AM ● Video Link: https://www.youtube.com/watch?v=s8XQM3a-c6c

Category:

Guide

Duration: 6:32

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In this video, we discuss what to expect when calculating or estimating excise tax in states such as Massachusetts (MA), Arkansas (AR), Connecticut (CT), Kentucky (KY), Missouri (MO), Rhode Island (RI), and West Virginia (WV).

This information is for estimation purposes only and Boston Automotive Consulting assumes no responsibility for final excise or property tax bills or miscalculations when using this information.

For more accurate information, contact your local or state jurisdiction for final excise tax or property tax amounts.

https://bostonautomotiveconsulting.com/how-excise-or-property-tax-rate-works-with-leasing-boston/

When estimating the excise tax/property tax, multiply your MSRP by the corresponding value next to the months you're trying to calculate for.

For example, on a 36 month lease, using a $50,000 MSRP, I would go down to 36, and multiply by the value next to it (.048)

Massachussets
--------------------
12 = .023
24 = .038
36 = .048
48 = .054
60 = .057
72 = .064

Arkansas
--------------------
12 = .009
24 = .017
36 = .024
48 = .030
60 = .036
72 = .040

Connecticut
--------------------
12 = .030
24 = .057
36 = .081
48 = .102
60 = .120
72 = .135

Kentucky
--------------------
12 = .015
24 = .028
36 = .040
48 = .051
60 = .060
72 = .067

Missouri
--------------------
12 = .025
24 = .048
36 = .068
48 = .086
60 = .101
72 = .114

Rhode Island
--------------------
12 = .036
24 = .068
36 = .097
48 = .122
60 = .144
72 = .162

West Virginia
--------------------
12 = .018
24 = .034
36 = .048
48 = .061
60 = .072
72 = .081 If you found this content useful, and you'd like to leave a gratuity, we'd kindly appreciate it :)

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