[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6289592,"mediaKeyId","2532289-c0f3c8dd3b66b627f8ea821a753c359c","parentId",2532289,"title","Torrington adopts modified motor-vehicle depreciation schedule after assessor outlines impact of HB7067","audioSeconds",1287,"startMs",193000,"endMs",1480000,"viewUrl","/Search/View?dp=1&key=2532289-c0f3c8dd3b66b627f8ea821a753c359c&start=193&end=1480","thumbnailUrl","https://assets.pipeline.soar.com/2532289-c0f3c8dd3b66b627f8ea821a753c359c/thumbnail_193000.jpg","articleUrl","/articles/6289592/Torrington/Northwest-Hills-County/Connecticut/Torrington-adopts-modified-motor-vehicle-depreciation-schedule-after-assessor-outlines-impact-of-HB7067","mediaUrl","https://secure.pipeline.soar.com/6289592-1069eed7a0c73a67828928b6227f02bf/orig.mp4?Expires=1771196262&Signature=eBCgQ0tXb13efMJd2wMVlgDrNPMC5VvSXJTa81mwOE~EgeyxXCbDXboRHNWcNe3jDlj7hjJqPgWah1xNnt3~tOYMkVw0YMcc9pmzBNN7dqnJ~vLh9qnbvM-mHtZeUcZBG7jeRySp8JPy9OyX-u5RR~qEHH7awL5IlNEdceUbW3ffQaBtWnRvEmcuI2348TDLwvpLsFb4K-pBC-6Np1pJToSpdGaW8w4qAx5I8QC2Hc2LT8t9zubyEnF41ZKvZpBQX6y0TGUIOg76hpbRGL7cYF0uvQ6v6pb~CXiCaWjkXxTC1dCVYLehBPhVP1jpwOagDrK1jplMRKV9wlOQaxUSyw__&Key-Pair-Id=KUT5TJCACFTXG","author","City Council of Torrington, CT","date","2025-03-05T00:00:00Z","article","At a special joint meeting of the Torrington City Council and Board of Finance, the council voted to adopt the modified motor‑vehicle depreciation schedule described in the assessor’s memo dated 02/27/2025, exercising the local option provided in House Bill 7067 (HB7067) that affects valuation for the 2024 grand list.

Stacy Maldonado, Torrington’s assessor, explained the legislation and the new valuation method. She said HB7067 has four parts, including “the transfer of ownership on bankrupt hospitals,” changes “affecting the assessment of motor vehicles for the current grand list, the 24 that was just signed,” adjustments for veterans with permanent and total disability, and “some funding for special education.” On motor vehicles she said: “Prior, we were using NADA book value or market value of the vehicle. Starting this year, we use MSRP with a defined depreciation scale. It was signed into law. The depreciation scale started at 85% and went down to 15% with a residual at 20 years. The new bill allows the municipality to adopt a depreciation scale that starts at 90% and goes down to a residual of 20, again, still at that 20 years.” Maldonado added, “If it is adopted, we can bring back to the current grand list approximately $10,000,000 onto the motor vehicle grand list.” She also warned: “Let's not shift all of the burden onto our homeowners.”

Board of Finance members and council members asked how fleets and commercial accounts would be affected. Maldonado said the new statewide valuation system for 2024 (the 85% depreciation scale) “keeps everything at a same level playing field for everyone that owns a motor vehicle,” and that the local 5% option would not specifically shift burden onto commercial accounts; the effect depends on vehicle ages. A Board of Finance member, Mrs. Stroud, who said she would not vote on the council motion, objected to the state’s use of emergency certifications to accelerate the change and said taxpayers had limited opportunity for public comment: “I don't agree with these emergency certifications. I don't agree that they don't go through a subcommittee and that they don't allow the process of public hearing because, you know, people might've had something to say about this.”

The council then took a motion to adopt the modified depreciation schedule as set forth in the assessor’s memo dated 02/27/2025; Councilwoman Rouette moved and a councilman seconded. The council voice-voted the motion “Aye” and the mayor declared the motion adopted. Council members and Board of Finance participants discussed that adopting the 90% starting depreciation could lessen the decline in motor‑vehicle valuation and reduce the size of the revenue shift onto real property that followed the revaluation year.

The council and assessor noted timing and administrative impacts: grand list filing deadlines, extension to February 28 for revaluation jurisdictions, and downstream effects on the board of assessment appeals and the budget process. Maldonado and council members stressed the need to finalize the assessor’s work quickly so appeals and assessment adjustments can proceed.","mediaType","Video","parentTitle","City of Torrington March 5, 2025 | Special Joint City Council & Board of Finance Meeting","oneSentenceSummary","The city council approved a local option to adopt a modified motor-vehicle depreciation schedule under House Bill 7067. Assessor Stacy Maldonado told members the change could add about $10 million to the motor-vehicle grand list for 2024 and help avoid shifting tax burden onto homeowners.","taxTitle","Torrington, Northwest Hills County, Connecticut","taxId",52777,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6289597,"Torrington council adopts resolution to join Connecticut Municipal Redevelopment Authority",62,95000,157000,"/Search/View?dp=1&key=2532289-c0f3c8dd3b66b627f8ea821a753c359c&start=95&end=157","https://assets.pipeline.soar.com/2532289-c0f3c8dd3b66b627f8ea821a753c359c/thumbnail_95000.jpg","/articles/6289597/Torrington/Northwest-Hills-County/Connecticut/Torrington-council-adopts-resolution-to-join-Connecticut-Municipal-Redevelopment-Authority","https://secure.pipeline.soar.com/6289597-7a307393ad98ee96cd8244ccf5936f56/orig.mp4?Expires=1771196262&Signature=ZTyLAhg2zRN6Kl8aCBF-YPOlbtD~ImDyvCdjZgmfMXQb0ravMgwf3XdfPFvD36f1Jf2ODrbHSbZLi3NAvGIud86bRkcLwTOanUQFAIovljdowW9U2NMIEJqCauIJ-w1IPH1GuJuNn8O27ZCG3Qcc76SVq~K8fFGkK7rGeyqN~FebXusq~VuKhBWNRDZeFA-MvUO4f0ANpELlcbva10KD3XzHjgb-2-7YZkJ~-LylI2gTZALS4ua5yE0FLae8jAk5oSGIJuvdYJsq1ORgzTsnoM~UPGWAvLePjDK5bJc~jEd7q1cckTrhe-C1HiVweh7Y4SMzmSOvPxtz3SdJXgFQOA__&Key-Pair-Id=KUT5TJCACFTXG","At a special joint meeting of the Torrington City Council and the Board of Finance, the council adopted Resolution 143-262 authorizing the mayor to opt the city into membership in the Connecticut Municipal Redevelopment Authority (MRDA).

Mayor (name not specified) introduced the motion: “I, by the council, will entertain a motion to adopt resolution number 143-262, authorizing the mayor to opt in to membership in the Connecticut Municipal Redevelopment Authority as a member municipality.” Councilman Iveen moved the resolution and Councilman Cavanero seconded. After members voiced “Aye,” the mayor declared the motion passed.

The council took the action to correct earlier procedure from a previous public hearing and vote: the mayor explained staff learned from the MRDA director that a formal resolution was required to effect the membership rather than the prior vote taken during the public hearing. The council recorded the motion, second and the affirmative voice vote and moved on to the next agenda item.

Because the action was procedural — replacing a prior vote with a formal resolution to meet MRDA requirements — no additional discussion or conditions were recorded on the resolution in the transcript.

The meeting record shows the council completed the resolution vote before proceeding to a separate discussion on changes to motor-vehicle assessment valuation for the 2024 grand list.","At a special joint meeting, the Torrington City Council voted to adopt Resolution 143-262, authorizing the mayor to opt the city into membership in the Connecticut Municipal Redevelopment Authority (MRDA).","actionData","errors"]

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Torrington adopts modified motor-vehicle depreciation schedule after assessor outlines impact of HB7067

Torrington council adopts resolution to join Connecticut Municipal Redevelopment Authority