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Excise tax is an annual tax that must be paid prior to registering your vehicle. Except for a few statutory exemptions, all vehicles registered in the State of Maine are subject to the excise tax.
Leased cars are still subject to excise tax. However, whose obligation for payment is determined by any terms in the original leasing contract. If not addressed, the driver should inquire of the leasing company.
Because registrations are in the name of the owner, and the leasing company is the legal owner of a leased car, excise tax bills are issued to the leasing company. Some leasing companies pass on the actual bills to the customer using the car, and other companies pay the excise tax, then bill the customer.
Leased cars are still subject to excise tax. ... If not addressed, the driver should inquire of the leasing company. Normally, if the car is registered in the driver's name, the registration creates an obligation and liability for payment of excise tax upon the driver, not the leasing company.
If an excise tax is not paid within 30 days from the assessor's mailing date: The collector will send a demand. The demand fee is $5. If payment is not made within 14 days of the demand, the collector will issue a warrant to collect, the charge for which is $10.
Pay your bill online You can pay your excise tax through our online payment system. You need to enter your last name and license plate number to find your bill.
Any down payment you provide will lower your monthly lease payment. In most states, you will be charged sales tax on any down payment you provide. Just as in a regular car purchase, you will have to pay the dealer and state licensing fees. Dealer documentation fees can range between $50 and $695.
Who Pays the Personal Property Tax on a Leased Car? In states that levy a personal property tax, you may be paying a percentage of your car's market value to the public treasury. ... If you're leasing, however, you're not the legal owner and may not be liable. It all depends on the lease agreement that the dealer offers.
Lease Services is required by law to pay business personal property taxes on an annual basis to the taxing authorities in the jurisdiction where the leased equipment is located. Under the terms of the lease agreement, you (the lessee) agreed to reimburse Lease Services for any such taxes paid on the leased equipment.
CT Property Tax on Cars That Are Leased Since the leasing company owns the vehicle you are leasing, they are responsible for these taxes, however, the cost is usually passed on to the lessee. ... Most leasing companies offset this property tax cost by building it into the monthly payments of the lease.
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