Car Lease Property Tax - State of MA?

Author: admin  //  Category: ma property

I leased a car in June 2008 for 2 years. I paid $260 in property tax for 2008, I have a bill due for $300 for 2009 property tax. Will I also have to pay property tax for 2010? It makes no sense that I would have to pay 3 years worth of property tax while leasing the car for technically only 2.

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3 Responses to “Car Lease Property Tax - State of MA?”

  1. rtfm Says:

    It’s not property tax, it’s excise tax, and it’s paid per calendar year. If you don’t own the car for the entire calendar year, you can file for an abatement of the portion of the year that you don’t owe.
    References :

  2. Bash Limpbutt's Oozing Cyst© Says:

    The MA Vehicle Excise Tax is prorated monthly. Once you turn it back in, take the plates back to the Registry and surrender them. Take the receipt to your city or town tax collector and they will prorate the bill for any full month that you don’t have the vehicle registered to you. If you’ve already paid for the year you can submit an application for abatement.
    References :
    http://www.sec.state.ma.us/cis/cisexc/excidx.htm

  3. Michael Says:

    Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carinsurance.yoll.net
    References :

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