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Selectmen adopt state’s local option for motor vehicle depreciation schedule
2556347 · March 10, 2025
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Summary
The board voted to adopt the local option under HB 7067 to apply a modified motor vehicle depreciation schedule (starting at 90% of MSRP) for assessment, aligning with recent legislative changes.
The Board of Selectmen voted March 10 to adopt the local option authorized under state legislation (referred to in the packet as HB 7067) that modifies the motor vehicle depreciation schedule used for local assessment.
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