Quote:
Originally Posted by ng8264723
Warren how is your excise tax so low when the car is worth tens of thousands? chris
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Because MA gov't is DUMB and lazy (city and state). They have no idea how much an exotic car costs. Many people that own Ferrari's and Lamborghini's pay very little excise tax. They just had a big article on that in the Herald a couple of months ago.
My Cobra was already registered as a 65 Ford Cobra in MA when I bought it. The value was not in the RMV handbook when I registered it, so they called Boston ... and the "experts" did not have a clue either. So they used my Bill of Sale price for my
sales tax. But the value of a 65 Ford is somewhere in the vicinity of $500 in the state "car value book" which the town uses for calculating the
excise tax. Same thing for my 70 Olds 442.
And we wonder why our taxes are so high?