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Shelton adopts local option to reduce motor vehicle depreciation cutbacks, aiming to restore lost assessment revenue
Summary
The City of Shelton voted to apply a modified motor vehicle depreciation schedule under Section 2 of House Bill 7067, a change the assistant tax assessor said will recover part of revenue lost when statewide depreciation rules reduced vehicle assessments.
The Shelton governing body voted to direct the city tax assessor to apply a modified motor vehicle depreciation schedule under Section 2 of House Bill 7067, to take effect for the assessment year beginning Oct. 1, 2024, and ordered the assessor to republish the grand list by April 15, 2025.
The measure came after an explanation from Bob, the city’s assistant tax assessor, who said the state’s changes reduced municipal motor-vehicle assessments statewide and that the local…
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