Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Seymour board adopts resolution to align with state’s new motor-vehicle depreciation schedule
Summary
The Board of Selectpersons voted 6-0 to adopt a resolution implementing the modified vehicle depreciation schedule set out in House Bill 7067, a change the board said will soften an expected drop in the town’s grand list and reduce immediate fiscal shock to municipal revenues.
The Seymour Board of Selectpersons voted unanimously to adopt a resolution authorizing the town to apply the modified motor-vehicle depreciation schedule provided by House Bill 7067 for 2024 assessments.
Town counsel explained the state recently moved from market-value vehicle assessments to a formula-based approach and enacted HB 7067 on March 3, 2025. The change reduces vehicle valuations more gradually than an immediate market-based drop, and the board was urged to adopt the modified schedule to cushion the town’s grand…
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
