There’s no way my car is worth the value you have listed! How do I get this bill corrected?

All excise billing information is provided to municipalities from the RMV. They calculate value based on a decreasing percentage of the vehicle’s original manufacturer’s list price. The assessment remains constant once the value has been reduced to 10% of that original amount.

For more helpful excise information including a full list of the assessment formula, visit the RMV website.