Fourth District State Representative Lynn Bechler, of Marion, joined colleagues in the Kentucky House of Representatives last week in approving legislation to prevent the Department of Revenue from levying a massive increase in the assessed value of motor vehicles.
Bechler said in a release Friday afternoon that a number of his constituents have shared their concerns about the 40% increase on their vehicle taxes this year and he agrees it “looks like the state has used its discretion to get greedy.” Bechler added that he is proud to support this measure’s passage in the state House of Representatives and he’s hopeful the Kentucky Senate will approve House Bill 6. He went on to say Kentuckians are already facing higher prices on groceries and other necessities. He said Kentuckians don’t need to pay more in car taxes when they are driving the same car just because supply shortages make their car or truck seem more valuable.
As previously reported, the Office of Property Valuation issued a notice earlier this year to Property Valuation Administrators (PVAs) that the 2022 motor vehicle tax valuation increased 40 percent. Under current law, PVAs must use a standardized measure when assessing the value of a motor vehicle for tax purposes, defined by statute as the “average trade-in value.”
House Bill 6 requires the Department of Revenue to use the 2021 tax values for 2022 and to issue a refund check to anyone who has already paid the higher tax rate for 2022. HB 6 would require PVAs under the Kentucky Department of Revenue to use the average trade-in value as the standard measure.
HB6 has moved to the state Senate for consideration.
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