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.
