Raised H.B. No. 5285
Session Year 2026


AN ACT CONCERNING THE ASSESSMENT OF CERTAIN MOTOR VEHICLES.

To specify that older motor vehicles shall be assessed at a rate of ten per cent of the manufacturer's suggested retail price or five hundred dollars, whichever is less, except that in a municipality that has elected to adopt a modified depreciation schedule, such motor vehicles shall be assessed at a rate of fifteen per cent of the manufacturer's suggested retail price or five hundred dollars, whichever is less.


Other Bills with Similar Topics

  Property tax assessments 

  Property tax on motor vehicles