How Is My Bill Computed

Excise tax on Motor Vehicles principally garaged in Concord is levied by the Town of Concord and revenues become part of the community treasury.

Excise Tax Bill Computation


Excise Tax is assessed at a rate of $25 per thousand dollars of taxable value. The value of a motor vehicle is determined by the Commissioner of Revenue, based on the manufacturer's list price (MSRP). Condition and market value are not considered in determining value. Percentages are determined as follows:
  • In the year prior to model year -  50%
  • In the year of manufacture (model year) - 90%
  • Second Year - 60%
  • Third Year - 40%
  • Fourth Year -  25%
  • Fifth Year, each year thereafter - 10%

Sample Calculation


2015 model year car
Book Value: $32,000
Registered January 15, 2015
  • 2015 bill: $32,000 x 90% factor x .025 tax rate = $720
  • 2016 bill: $32,000 x 60% factor x .025 tax rate = $480
  • 2017 bill: $32,000 x 40% factor x .025 tax rate = $320
  • 2018 bill: $32,000 x 25% factor x .025 tax rate = $200
  • 2019 bill: $32,000 x 10% factor x .025 tax rate = $80

The annual tax then remains at $80 (in this example) for as long as the vehicle is registered.