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Town of Hebron
Charter Revision Document Approved by Board of Selectmen for Vote on November 4, 2025
INFORMATION REGARDING THE CHANGE IN MOTOR VEHICLE VALUES
CURRENT LAW
Requires municipal assessors to value vehicles using their manufacturer’s suggested retail price (MSRP), subject to a 20-year depreciation schedule.
New Law – Modified Depreciation Schedule
Beginning with the 2024 assessment year (i.e., for tax bills sent out beginning July 1, 2025), the bill allows municipalities to adopt a modified depreciation schedule for vehicles. The modified schedule generally decreases, by five percentage points, the taxable portion of a vehicle’s MSRP that is subject to property tax.
Motor vehicles will no longer be valued by Average/Clean retail using a state recommended vehicle pricing guide. Values are determined by MSRP at year of manufacture with a fixed depreciation schedule applied.
Personal use utility trailers (flatbeds, boat trailers, etc.) all-terrain vehicles and snowmobiles, which were formerly taxed, are now exempt and no bills were issued. Approximately 900 vehicles fall into this exempt category. Reduction approx. $600k to grand list. Commercial or business use trailers are still subject to taxation.
Effects of the change from 85% to 90%
Hebron elected to use a depreciation table beginning at 90% of MSRP value and decreasing at 5% per year until a reduction of 20% MSRP value is reached. Vehicles over 20 years old cannot have a value lower than $500.
90 % – The 2024 motor vehicle portion of the Grand List decreased by $4.2 million dollars (4%) because of the changes to valuation.
85% – MSRP decreasing to 15% of MSRP. If the Town had elected the 85% vs the 90% schedule, the motor vehicle list would have decreased by $14 million dollars instead of $4.2 million
Any resident who believes there is an incorrect MSRP can contact our office to verify the data.
A poll was conducted by the Assessor’s association and of the 106 towns reporting 2/3rds chose the 90/20 depreciation versus the 85/15. This data is supported by statements made by OPM in a recent article published in the Journal Inquirer.
Reference can be made to the following statutes: CGS §12-71d, 12-71e, 12-81(82)& HB7067
Holiday observation – Independence Day
2025 Memorial Day – May 26, 2025
Notice of Vacancy – Board of Selectmen
Hebron Budgets Approved May 6, 2025
HEBRON BUDGETS APPROVED
Unofficial Results
Hebron Budget YES 786 NO 767
Hebron CIP Budget YES 914 NO 637