A. The amount of excise tax is determined by applying a mil rate to the manufactured suggested retail price (MSRP). The MSRP is more commonly called the “sticker price” or the “Monroney Label.” The Monroney Label is applied to the vehicle at the time of manufacture. It must be provided when registering a vehicle that has never been registered. Excise taxes are based on the MSRP of the vehicle when it was brand new. A mil rate is applied to the sticker price on a sliding scale with new vehicles paying a higher mil rate than older vehicles. The mil rate starts at $24.00 per thousand dollars of value on a brand new vehicle, $17.50 per thousand for the second year, $13.50 per thousand for the third year, $10.00 per thousand the fourth year, $6.50 per thousand the fifth year and $4.00 per thousand for the sixth year and subsequent years. For example: If you purchased a new vehicle and the MSRP states that the vehicle costs $24,575 (this is the net amount, destination charges are excluded), this amount is multiplied by .024 which means that the amount of excise tax due would be $589.80. Registration and agent fees are not included in this calculation. Registration fees vary depending on the type of plate you request. If you have purchased a used vehicle our software will research the MSRP for you.