Bill Computed

Excise tax on Motor Vehicles principally garaged in Merrimac is levied by the Town of Merrimac 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 according to the table below:
Time Frame
 Percentage
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%