Get MA MVU-25 1999

Massachusetts Sales Tax on Car Purchases: For vehicles that are being rented or leased, see see taxation of leases and rentals. Massachusetts collects a 6.25% state sales tax rate on the purchase of all vehicles. The maximum tax that can be owed is 575 dollars.

For vehicles that are being rented or leased, see see taxation of leases and rentals. Massachusetts collects a 6.25% state sales tax rate on the purchase of all vehicles. The maximum tax that can be owed is 575 dollars.

Massachusetts Sales Tax on Car Purchases: For vehicles that are being rented or leased, see see taxation of leases and rentals. Massachusetts collects a 6.25% state sales tax rate on the purchase of all vehicles. The maximum tax that can be owed is 575 dollars.

Leasing and Taxes When leasing, you are liable for sales tax even though you do not own the car. If your state levies a personal property tax, you'll have to pay this, too. But to entice you to lease, many dealers offer to pay the property tax for you.

The vehicle excise tax is unique to Massachusetts and is an annual tax you must pay while you are leasing the vehicle. It is based on the value of the car when purchased and is taxed at a rate of $25 per $1,000 in value.

If the sale is made by a motor vehicle dealer or lessor who is registered, the sales tax rate is 6.25%. The use tax applies to all other types of transfers of title or possession where the vehicle transferred is stored, used, or consumed in Massachusetts.

Leasing and Taxes When leasing, you are liable for sales tax even though you do not own the car. If your state levies a personal property tax, you'll have to pay this, too. But to entice you to lease, many dealers offer to pay the property tax for you.

This means you only pay tax on the part of the car you lease, not the entire value of the car. For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure.

If you lease a car you use in business, you may not deduct both lease costs and the standard mileage rate. You may either: ... Claim actual expenses, which would include lease payments. If you choose this method, only the business-related portion of the lease payment is deductible.

For vehicles that are being rented or leased, see see taxation of leases and rentals. Massachusetts collects a 6.25% state sales tax rate on the purchase of all vehicles. The maximum tax that can be owed is 575 dollars.

The vehicle excise tax is unique to Massachusetts and is an annual tax you must pay while you are leasing the vehicle. It is based on the value of the car when purchased and is taxed at a rate of $25 per $1,000 in value.

Leasing and Taxes When leasing, you are liable for sales tax even though you do not own the car. If your state levies a personal property tax, you'll have to pay this, too. But to entice you to lease, many dealers offer to pay the property tax for you.

If an excise tax is not paid within 30 days from the assessor's mailing date: The collector will send a demand. The demand fee is $5. ... If the excise continues to be outstanding, the deputy collector or collector notifies the Registrar of Motor Vehicles.

The excise due is calculated by multiplying the value of the vehicle by the motor vehicle tax rate. The tax rate is fixed at $25 per one thousand dollars of value. The value of a vehicle is determined as a percentage of the manufacturer's suggested retail price for that vehicle based on the year of manufacture.

If Your Car is Leased Leased cars are still subject to excise tax. ... Normally, if the car is registered in the driver's name, the registration creates an obligation and liability for payment of excise tax upon the driver, not the leasing company.