The Middletown Tax Assessor's office has been fielding complaints from taxpayers who have found that they value of their used car has inexplicably increased.
That's right. The car is a year older, but it's worth more.
"For every complaint we've gotten, I've checked the book value, and it, in fact, has increased," said Damon Braasch, Middletown's Tax Assesor. "By state law we are required to assess vehicles as every Connecticut city is, using the NADA (National Automobile Dealers' Association) guide."
Braasch said he has no idea why the used car values would be on the rise, but he has some speculation. He noted that SUVs may be on the rise as the price of gas has decreased. With gas prices over $4, last year, SUVs had dropped considerably in value, and may be on the rise. In addition, the market for all used cars has gone up as the economy has remained weak.
Braasch said that anyone with a complaint can attend a Board of Assessment Appeals meeting. The next one is scheduled for September. However, he indicated that most of the increase in assessments only amount to a few additional dollars in taxes.
"But for some people it's the principle," Braasch said.
The Eye has a call into the NADA offices inquiring about the rise in values, but at the time of this posting, we have not received a reply.