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March 04, 2005

Excise Taxes

One day, while cruising around Boston's website, I came across a link, which led to another link, which started to get me worried because they were talking about taxes... automobile excise taxes.

It turns out that the City of Boston collects a yearly tax on all autos registered in the state and held in Boston. Well, this was news to me! Of course, I was not looking forward to paying yet another fee, tax, whatever to this blasted state just for keeping my car here. But, I read more about how much this tax was going to cost me, and here's the formula:

The upshot of all this is that the City of Boston values my car at $1,050, and so would normally pay just over $25 per year, but since I got my car registered in October of last year, I only pay for three months. So I now have a tax bill from the City of Boston with the grand total of $6.56.

Crazy Massachusettsians with their crazy taxes. It'll probably cost them more to process my payment than they will get out of the whole deal. Oh yeah, this $25 tax is on top of an annual $41 registration renewal fee and a $40 license renewal every five years. Plus my $984 per year insurance bill, plus gas, plus repairs... owning a car is expensive.

Posted by kgutwin at March 4, 2005 07:52 PM

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