maine car tax calculator

Maine residents that own a vehicle must pay an excise tax for every year of ownership. Our calculator has recently been updated to include both the latest Federal Tax Rates along with the latest State Tax Rates.

Maine Vehicle Sales Tax Fees Calculator

Excise Tax is an annual tax that must be paid when you are registering a vehicle.

. It is NOT necessarily what you paid for the vehicle. How much will it cost to renew my registration. Excise Tax is defined by State Statute as a tax levied annually for the privilege of operating a motor vehicle or camper.

WHAT IS EXCISE TAX. YEAR 1 0240 mil rate YEAR 2 0175 mil rate YEAR 3 0135 mil rate YEAR 4 0100 mil rate YEAR 5 0065 mil rate YEAR 6 0040 mil rate. Except for a few statutory exemptions all vehicles registered in the State of Maine are subject to the excise tax.

In short if the vehicle is registered in the state of Maine then the Maine car sales tax of 550 will be applied. For example a home with an assessed value of 150000 and a mill rate of 20 20 of tax per 1000 of. Your vehicles manufacture date.

These fees are separate from. After 0004 year one is the current model year 2020 year 2 is 2019 etc. Except for a few statutory exemptions all vehicles registered in the State of Maine are subject to the excise tax.

It is NOT necessarily what you paid for the vehicle. The calculator below will help give you an idea of what it will cost to renew the current registration on your passenger vehicle. This calculator is for the renewal registrations of passenger vehicles only.

The general sales tax rate is 550. Enter your vehicle cost. The Maine Salary Calculator is a good calculator for calculating your total salary deductions each year this includes Federal Income Tax Rates and Thresholds in 2022 and Maine State Income Tax Rates and Thresholds in 2022.

This calculator is for the renewal registrations of passenger vehicles only. This information is courtesy of Larry Grant City of Brewer Maine The same method will be used to calculate the fees to re-register the same vehicle. The excise tax due will be 61080.

This state sales tax also applies if you purchase the vehicle out of state. Please note this is only for estimation purposes -- the exact cost will be determined by the city when you register your vehicle. Excise tax is an annual tax that must be paid prior to registering your vehicle.

This is the sticker price of the vehicle and its accessories. Once you have obtained your vehicles MSRP and manufacture date you may proceed to the calculator below to give you an idea of what it will cost to renew the current registration on your passenger vehicle. Excise Tax Calculator This calculator will allow you to estimate the amount of excise tax you will pay on your vehicle.

The calculator will show you the total sales tax amount as well as the county city and special district tax rates in the selected location. MSRP is the sticker price of the vehicle and its accessories. Maines statewide sales tax of 550 also ranks among the lowest in the country especially because there are no county or city sales taxes.

Visit the Maine Revenue Service page for updated mil rates. First you will need the Manufacturers Suggested Retail Price MSRP for your vehicle. The car sales tax in Maine is 550 of the purchase price of the vehicle.

The motor vehicle excise tax is a local tax. For the 2016 tax year the highest tax rate was lowered again to 715 where it has remained through at least the 2021 tax year. The states top rate still ranks as one of the highest in the US.

Excise Tax is an annual tax that must be paid prior to registering a vehicle. Contact 207283-3303 with any questions regarding the excise tax calculator. If you are renewing an existing registration the MSRP is.

Dealerships may also charge a documentation fee or doc fee which covers the costs incurred by the dealership preparing and filing the sales contract sales tax documents etc. Year 1 0024 year 2 00175 year 3. A registration fee of 3500 and an agent fee of 600 for new vehicles will also be charged for a total of 64180 due to register your new vehicle.

Mil rate is the rate used to calculate excise tax. Maine sales tax calculator. Average DMV fees in Maine on a new-car purchase add up to 35 1 which includes the title registration and plate fees shown above.

Details of the personal income tax rates used in the 2022 Maine State Calculator are published below the calculator this. Except for a few statutory exemptions all vehicles registered in the State of Maine are subject to the excise tax. If the purchased price falls within 20 of the.

For example if you purchase a new vehicle in Maine for 40000 then you will. The car sales tax in maine is 550 of the purchase price of the vehicle. Like all states maine sets its own excise tax.

The state sales tax rate is 55 on most transactions and maine doesnt have local rates. This means that the applicable sales tax rate is the same no matter where you are in Maine. This calculator is for the renewal registrations of passenger vehicles only.

- NO COMMA For new vehicles this will be the amount on the dealers sticker not the amount you paid. Excise tax is defined by Maine law as a tax levied annually for the privilege of operating a motor vehicle or camper trailer on the public ways. Our calculator has been specially developed in order to provide the users of the calculator with not only how.

Just enter the five-digit zip code of the location in which the transaction takes place and we will instantly calculate sales tax due to Maine local counties cities and special taxation districts. Maine Documentation Fees. Excise Tax is defined by State Statute as a tax levied annually for the privilege of operating a motor.

You are able to use our Maine State Tax Calculator to calculate your total tax costs in the tax year 202122. 425 motor vehicle document fee. You can also call the dealership that the vehicle was purchased from.

What is Excise Tax. Maine has a 55 statewide sales tax rate and does not allow local governments to collect sales taxes. As of August 2014 mil rates are as follows.

Excise Tax Maine Calculator.

Maine Vehicle Sales Tax Fees Calculator