Maine Boat Excise Tax Calculator. Watercraft 13' or less, 23 feet and greater, and canoes arc not subject to a tax on the motor. Maine collects a 5.5% state sales tax.
The msrp is the manufacturer's suggested retail price of your vehicle. So this article concerns primarily boats. If you need legal advice, please.
The calculator below will help give you an idea of what it will cost to renew the current registration on your passenger. The msrp is the manufacturer's suggested retail price of your vehicle. Except for a few statutory exemptions, all vehicles ( including boats) registered in the state of maine.
Excise tax is an annual tax that must be paid prior to registering your vehicle. Military exemption from vehicle excise tax. This calculator will allow you to estimatethe amount of excise tax you will pay on your vehicle.
Maine residents that own a vehicle must pay an excise tax for every year of ownership. For example, if real estate is taxed at $1.50 per $100, and the purchase price of a piece of property. Po box 2920 milwaukee wi 53201 payer id.
Excise tax is calculated by multiplying the msrp by the mil rate as shown below. The rates drop back on january 1st each year. Maine collects a 5.5% state sales tax.
In addition to the length tax, the owner of any watercraft, other than a canoe, with an overall length greater than 13 feet and less than 23 feet shall pay a tax on the total motor horsepower as. Calculate excise tax based on a dollar amount. A lifeboat or raft carried by another vessel.
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