(a) All motor vehicles subject to taxation under the provisions of this act shall be classified according to the following schedule:

Class 1                $0- $  749

Class 2               750- 1,499

Class 3            1,500- 2,249

Class 4            2,250- 2,999

Class 5            3,000- 3,749

Class 6            3,750- 4,499

Class 7            4,500- 5,249

Class 8            5,250- 5,999

Class 9            6,000- 6,999

Class 10          7,000- 7,999

Class 11            8,000- 8,999

Class 12          9,000- 9,999

Class 13       10,000-10,999

Class 14       11,000-11,999

Class 15       12,000-12,999

Class 16       13,000-13,999

Class 17       14,000-15,999

Class 18       16,000-17,999

Class 19       18,000-19,999

Class 20    20,000 and over

(b) For tax year 2010 and thereafter, the classification for a rebuilt salvage vehicle, as defined in Kan. Stat. Ann. § 8-197, and amendments thereto, which is being registered for the first time as a rebuilt salvage vehicle under Kan. Stat. Ann. § 8-135, and amendments thereto, shall be reduced by two classes. The initial classification reduction shall be indicated on the certificate of title issued under Kan. Stat. Ann. § 8-135, and amendments thereto. The classification reduction shall only be valid for the initial registration of such vehicle.