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Milford aldermen reject measure to adopt higher motor-vehicle assessment under House Bill 7067
Summary
The Milford Board of Aldermen voted 9-4 on March 26, 2025, to reject a resolution that would have used a state local-option change to increase motor-vehicle assessment values and lower the city's mill rate, a proposal supporters said would recoup part of a recent drop in the motor-vehicle grand list.
The Milford Board of Aldermen voted 9-4 on March 26, 2025, to reject a resolution asking the board to adopt a higher local depreciation schedule for motor-vehicle assessments under House Bill 7067.
The measure would have applied a state-authorized local option that increases vehicle assessment percentages by five percentage points under the schedule created by Public Act 22-118. Supporters, including Mayor (title given in meeting as "Mayor"), said the change would recoup part of a recent drop in the motor-vehicle portion of the city—s grand list, generate about $1.5 million in additional revenue and reduce the mill rate by roughly 0.20 to 0.22 mills.
Finance Director Peter Iredici described the fiscal effect: "This change, if we if…
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