Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears HB 349 to clarify how assessors value specialty used vehicles
Summary
House Bill 349 would give assessors explicit direction for valuing motor vehicles not listed in standard valuation guides by allowing use of trading value guidance; proponents described inconsistent valuation practices and appeals challenges, while assessors warned about removing statutory language that constrains valuations for recent vehicles.
Representative Renee Reuter introduced House Bill 349 and described it as intended to give assessors direction when they must value motor vehicles that are not listed in standard guides such as NADA or Kelley Blue Book. "This gives them direction that they can base it on the trading value," Reuter said, adding that assessors sometimes lack a reliable published reference for specialty, rare, or older vehicles.
Resident witness Ian McFarland testified of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
