Noblesville, IN City Council OKs new vehicle taxes to chip away at Pleasant Street extension costs

Noblesville residents will pay an additional $25 to $40 for their vehicle registration starting next year to help fund a portion of the city’s planned Pleasant Street expansion project.

The Noblesville City Council approved motor vehicle excise and wheel taxes Tuesday to generate approximately $1.8 million in annual revenue starting next year to start chipping away at the estimated $113 million cost of the city’s planned improvements to the east-west Pleasant Street corridor. Based on 2019 registration data, the city expects Noblesville residents’ roughly 74,000 vehicles to generate an estimated $30 million over the road’s 20-year funding structure.