Home Forums Legislation 45-12-2 – Should MV Values still be included for this? Reply To: 45-12-2 – Should MV Values still be included for this?

Chris Celeste
Keymaster
Post count: 32

IANAL, so you really need to have bond council review and follow their direction.

My opinion FWIW: It does indicate that MV values need to be included. Also, it notes this is regardless of 44-34.1-1 (MV phase out law). I expect the intent of that language is since towns are still getting reimbursed for MV tax levy, you need to include the valuations. However, this presents a challenge for upcoming years where we will not be processing MV assessments. I expect you may need to use the FY2018 baseline assessment (as this is the basis of the reimbursement amount received from the State) for future years. Again, please do what bond council says.