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BroadHopper · 03-25-2010, 08:28 AM

The state registration fee is fixed. Depends on the classification of the vehicle, commercial, private, car, truck etc. This in not deducted from your federal tax.

The town portion is based on the book value of the vehicle. This is an excise tax and can be deducted from federal tax.

The above criteria is the same for trailers. As for boats, if purchased from DMV, the excise portion goes to Marine Patrol. If purchased from the town, the excise portion goes to the town coffers.

As for insurance, if you should be in an accident that results in a court appearance, you will be ask for proof of financial responsibility. I.E. can you pay for the damages. If not the court can fine you and put a lien on property until damages are paid. Better to have insurance.

03-25-2010, 08:28 AM	#7
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,509 Thanks: 3,116 Thanked 1,089 Times in 783 Posts	Registration fees The state registration fee is fixed. Depends on the classification of the vehicle, commercial, private, car, truck etc. This in not deducted from your federal tax. The town portion is based on the book value of the vehicle. This is an excise tax and can be deducted from federal tax. The above criteria is the same for trailers. As for boats, if purchased from DMV, the excise portion goes to Marine Patrol. If purchased from the town, the excise portion goes to the town coffers. As for insurance, if you should be in an accident that results in a court appearance, you will be ask for proof of financial responsibility. I.E. can you pay for the damages. If not the court can fine you and put a lien on property until damages are paid. Better to have insurance. __________________ Someday may never be an actual day.