07-31-2012, 08:09 AM
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Senior Club Cobra Member
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Join Date: Aug 1999
Location: Ellington,
CT
Cobra Make, Engine: Classic Roadster 351W, T5, Red & White
Posts: 3,478
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Not Ranked
Quote:
Originally Posted by WardL
Wow, is Connecticut broke too?
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When the increased assessed valuation of an antique auto registration was first proposed, the rationale used was to raise the amount assessed to represent 2011/2012 dollars, considering inflation over the years. Don't have the year the $500 assessment was first used nor the compounded inflation formula used to equate $500 in year X to $2500 in 2012.
It's been awhile, but if I remember correctly, if a vehicle is not registered as an antique, then the assessed value is the standard valuation used by the Assessors, i.e. HB5405 only applied to vehicles registered as an antique.
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2014 Porsche Cayman S, 2014 M-B CLA 45 AMG,
Unkown:"Their sweet lines all but take my breath away, and I desire them as much for their beauty as for their use "
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