Woonsocket motor vehicle tax bills mailed out

Woonsocket motor vehicle tax bills mailed out

WOONSOCKET – Mayor Lisa Baldelli-Hunt has announced that the city’s motor vehicle excise tax bills for fiscal year 2021 (July 1, 2020-June 30, 2021) were scheduled to be mailed out near the end of the week of Jan. 4. The motor vehicle tax bills have four payment periods with due dates of Jan. 26, March 9, April 27, and June 15.

Woonsocket, like many other Rhode Island municipalities, delayed mailing motor vehicle tax bills until the state of R.I. passed its fiscal year 2021 budget and resolved ambiguities regarding state funding of scheduled motor vehicle tax phase-out exemptions.

Finance Director Christine Chamberland explained that the fiscal year 20121 state budget that was recently passed included a scheduled reduction in the taxable portion of a vehicle’s retail full value from 85 to 80 percent, an increase to the vehicle exemption amount from $3000 to $4000 and a flat vehicle tax rate of $35 per $1000. Additionally, vehicles that are at least 15 years old (2005 and older) will not be subject to tax.

“Woonsocket taxpayers will be paying less motor vehicle tax this year than they were last year, giving them extra money in their pockets during a time when most can really use it,” said Baldelli-Hunt.