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What types of antique automobiles and airplanes are not assessed at actual value?

April 26, 2017actual airplanes Antique assessed automobiles types value

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What types of antique automobiles and airplanes are not assessed at actual value?

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A. Automobiles that are individually owned, have antique license plates, are maintained primarily for use in exhibitions, club activities, parades, and other public interest functions, are assessed their actual value or $500 which ever is less. Antique automobiles that are used for the production of income or are used in conjunction with a business do not qualify for the special assessment.