AN ACT CONCERNING THE ASSESSMENT OF CERTAIN MOTOR VEHICLES.

HB 5285 changes how Connecticut municipalities assess property tax on older motor vehicles. It establishes a standard rate of 10% of a vehicle's original manufacturer's suggested retail price (MSRP) or $500 (whichever is lower) for vehicles 20+ years old. Municipalities may instead adopt a modified rate of 15% of MSRP or $500 for the same vehicles. The law takes effect October 1, 2026, affecting property tax bills for owners of older vehicles across participating towns.