Rep. Martin Howrylak recently introduced legislation to reduce vehicle registration fees for Michigan drivers.
Under current state law, a vehicle’s original registration fee is based on the list price. The future assessed value of the vehicle decreases by 10 percent for the second and subsequent registrations.
“I’ve heard from several concerned citizens in my district who are unhappy with current vehicle registration rates for older vehicles,” said Rep. Howrylak, R-Troy. “I believe the decrease in assessed value should be more aggressive to better reflect the depreciating value of older vehicles.”
If enacted, House Bill 6042 would lower a vehicle’s assessed value by 15 percent for the seventh through ninth registrations. This decrease would also increase to 20 percent for the tenth and subsequent registrations.
“In today’s market, citizens are choosing to hold on to their vehicles for many years,” said Rep. Howrylak. “HB 6042 will ensure citizens who hold on to their car year after year will see a greater reduction in their registration fee over the life of the vehicle.”
HB 6042 was referred to the House Transportation Committee for consideration.