Chair explains new MSRP-based vehicle assessment rules; no appeals heard

The chair of the Board of Assessment Appeals opened the Sept. 12 session saying the meeting's purpose was "to hear individual taxpayer concerns regarding the assessments of their automobiles." The chair explained a recent change in the board's approach: "Vehicles are now assessed based on manufacturers' suggested retail price, also known as MSRP," and noted the board will not account for factors such as high mileage, salvage status, or rebuilt titles in those calculations.

The chair told would-be appellants they must submit a completed application and supporting documentation to justify any requested assessment change and that if the applicant no longer owns the vehicle, they must provide documentation of sale or disposal. The chair also emphasized that the board would not make final decisions at this session and that appeals for real estate and personal property are held in March. The session was recorded and broadcast live on YouTube, the chair said.

The session contained no taxpayer presentations challenging assessments. After waiting approximately an hour for taxpayers to appear, the chair moved to adjourn the meeting.