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The Board of Assessment Appeals reviewed the town’s potential use of a new MSRP-based motor vehicle assessment methodology and discussed taxpayer concerns, but took no substantive policy action.
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The board discussed changes to how motor vehicles may be valued for tax purposes, including the town’s adoption of an option under Public Act 2025-2 and the use of state depreciation schedules. Members also reviewed exemptions for certain vehicles used exclusively for personal purposes, including all-terrain vehicles and some residential utility trailers. The meeting ended with unanimous approval to adjourn.
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