Car rates

Motor Vehicle Tax Bills Are on the Rise – Is Another Rise Avoidable? – NBC Connecticut

We’ve heard from a number of people who are unhappy with these higher auto tax bills.

NBC Connecticut’s Mike Hydeck spoke with Connecticut Appraisal Officers Association President Thomas DeNoto. He is also the Bristol City Assessor.

mike hydeck“So the rates per mile, they’ve been capped in over 70 communities across our state, that was the governor’s plan, including Bristol, where you’re the assessor, with the hopes of providing some sort of tax relief. In your opinion, overall, has it provided property tax relief?”

Thomas DeNoto“Oh, yes, definitely. You have to understand that this isn’t the first time we’ve had a cap. We have jurisdictions in the state of Connecticut that have a higher per mill rate than the previous cap, which was of 45 mils, so the current cap is a substantial decrease from that cap, which is 32.46 mils.

mike hydeck“So obviously market forces have an impact here. Car taxes are set by cities and towns, not by the state. So yesterday at this same press conference you heard the governor, OPM secretary said this week that municipalities could have adjusted their mileage rate or used federal money to try to offset some of the spikes. How do you respond to that?”

Thomas DeNoto“Well, one of the things that the Connecticut Association of Assessing Officers isn’t a part of is a budget process. So that’s primarily the responsibility of our comptrollers and our finance departments, or fundraising at the local level, elected officials viewpoint, and ultimately, the elected administration.The job of the Connecticut Association of Assessing Officers is to follow the general Connecticut statutes that dictate how we value motor vehicles.In this case, it is the guide of the National Automobile Dealers Association, that is, recommended to the Office of Policy and Management by the Connecticut Assessor Association, so that it is fairly evaluated throughout the state. one of the provisions that this Legislature has attempted to accomplish by capping the mileage rate at this level of 32.46 hopefully ultimately prevents people from trying to shop around municipalities when it comes to rates per mil the. But at the end of the day, the rate per mile is a budgetary process. We just want to value the vehicle at its true value.”

mike hydeck“And we’ve heard that next year maybe the state is going to plan for linear depreciation, so you know, it’s not going to go up and down that much. Does that seem fair to you?”

Thomas DeNoto: “That seems fair, the initial consideration of the legislation is that it will use the manufacturer’s suggested retail price or MSRP, and it will use a straight-line depreciation factor from that initial value. So, at the end of the day we’re in the same ballpark when it comes to how we rate the vehicle but hopefully what it does is moderate and hold a value at a constant level rather than showing these market fluctuations.