To reduce all titled vehicle personal property taxation values, except for mobile homes, from a Class IV assessment valuation to a Class II

Summary

HB 5534 reclassifies all titled vehicle personal property—except mobile homes—from Class IV (municipal) to Class II (residential) for levy purposes. This change reduces the assessed tax value of cars, trucks, and similar vehicles owned by individuals. The goal is to lower the property tax burden on vehicle owners.

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