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LOCAL RECEIPTS <br /> <br />$13,862,394 I $13,900,000 Motor Vehicle Excise Tax <br /> <br />$13,500,000 <br /> <br />The Motor Vehicle Excise Tax is <br />billed annually through the <br />Assessor's Office with payments <br />being received through the <br />Treasurer's Office. The city or town in <br />which a vehicle is garaged at the time of <br />registration collects the excise tax. <br />Chapter 6A, Section 1, of the <br /> <br />Massachusetts General Laws sets the rate <br />of this tax au $25 per $1,000 valuation. <br />The City collects the money based on data <br />provided by the Massachusetts Registry of <br />Motor Vehicles. The Registry determfines <br />valuation using a statutory fo.wrnula based <br />on the manufacturer's list price and year of <br />manufacture. <br /> <br />MOTOR VEHICLE EXCISE TAXES <br /> FISCAL 2000 - 2005 <br /> <br />CITY OF WORCESTER FISCAL 2005 ANNUAL BUDGET <br /> <br />Page 2 <br /> <br /> <br />