Pursuant to Public Act 22-118, June Special Session Public Act 24-1, and Public Act 25-2, municipal
Assessors will be valuing registered/non-registered passenger motor vehicles differently than they
have in the past.

Effective with the October 1, 2024 Grand List, Assessors will utilize the Manufacturer Suggested Retail
Price (MSRP) of your vehicle and apply the statutory depreciation schedule to calculate the
depreciated value of your vehicle.

The depreciated value will then be multiplied by the statewide assessment ratio of 70%, producing
the assessed value of your vehicle for taxation.

The assessed value of your vehicle will automatically decrease according to the depreciation
schedule. Your vehicle will be assessed at no less than $500 for taxation purposes at any time.

See details provided by the CT Office of Policy and Management.