HB 816 - Current law requires assessors to use the trade-in value published in the October issue of the National Automobile Dealers' Association Official Used Car Guide to determine the true value of motor vehicles for the purposes of property tax assessments. This act requires the State Tax Commission to require an assessor to use such publication or the Kelley Blue Book, Edmunds, or another similar publication, and requires the assessor to use the current years' October issue of such publication. The act also prohibits an assessor from assessing a motor vehicle for an amount greater than the assessment of such motor vehicle from the previous year. This act is identical to a provision in SCS/HCS/HB 247 (2025) and HB 660 (2025), and is substantially similar to SB 183 (2025), HB 776 (2025), SS/SCS/SB 799 (2024), HCS/HB 1690 (2024), HB 2358 (2024), SS/SCS/SB 8 (2023), and SB 493 (2023), and to a provision in HCS/SCS/SB 163 (2025), SB 264 (2025), HB 43 (2025), SS#2/SCS/HB 199 (2025), HB 464 (2025), SCS/HB 629 (2025), HB 2403 (2024), HCS/SS/SB 23 (2023), HCS/SS#3/SCS/SB 131 (2023), SS/SCS/SB 133 (2023), as amended, HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and SCS/HCS#2/HB 713 (2023). JOSH NORBERG
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