Bill
HB 5100
AN ACT INCREASING THE MAXIMUM MILL RATE FOR MOTOR VEHICLES.
Connecticut bill increases the maximum property tax mill rate municipalities can levy on motor vehicles, enabling higher tax collection from vehicle owners.
Bill
HB 5100
Connecticut bill increases the maximum property tax mill rate municipalities can levy on motor vehicles, enabling higher tax collection from vehicle owners.
HB 5100 proposes to increase the maximum mill rate that Connecticut municipalities can apply to motor vehicle property taxes. Mill rates are expressed per $1,000 of assessed value, so an increase allows towns to collect more tax revenue from vehicle owners. The bill has been referred to the Finance, Revenue and Bonding Committee in both chambers, indicating it's in early legislative review.
Motor vehicle taxes are a significant revenue source for Connecticut municipalities, funding schools, infrastructure, and local services. Raising the maximum mill rate directly affects vehicle owners' tax bills and gives towns greater flexibility in funding local budgets, but may disproportionately impact residents in high-tax communities or those with multiple vehicles.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.