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Assessor outlines grand list timeline, new vehicle valuation method and commercial development to watch
Summary
Norwalk Tax Assessor Paul Gorman told the Finance and Claims Committee the grand list will be signed at month-end and described a switch in motor-vehicle valuation to MSRP-depreciation under new state law, anticipated changes in commercial values and upcoming income-and-expense filings.
Paul Gorman, Norwalk’s tax assessor, briefed the Finance and Claims Committee on Jan. 9 about the office’s preparation for signing the 2024 grand list and changes arising from new state rules for motor-vehicle valuation.
Gorman said the office is finalizing supplemental bills and the car portion of the 2024 grand list; under new state law, passenger vehicles will be valued using an MSRP-with-depreciation approach rather than sales-study valuation. He said the change will likely lower overall car…
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