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Without language to require that cities and towns get their act together this is doomed to fail in the long term.

There should be milestones that cities are required to reduce their budgets so eventually it is self sustaining.

All that will need to happen is a bad revenue year on the state level and politicians looking for an easy fix to do the same thing Don Carcieri did and just say ok cities since we're no longer going to reimburse you, but you can go ahead and tax cars again and we're back at square one.

A more realistic first step might be to do away with using NADA clean retail value and use KBB trade in value.

Have a uniform rate for all cities and towns, a depreciation schedule that falls in line with actual values of cars.

The real problem is that values are not realistic. You should get taxed at what your car is actually worth if you were to try to sell it or trade it in. Not what a dealer would get for a similar model in mint condition after profit.