Date Requested:January 29, 2010
Time Requested:03:55 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2010R1640 Introduced SB401
CBD Subject: Ad Valorem Property Taxes
FUND(S)
General Revenue Fund, local governments
Sources of Revenue
General Fund,Other Fund local property tax
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The stated purpose of this bill is to reform and modernize procedures and time frames for assessments of real and personal property, notices of assessments, and appeals of assessments. It provides special provisions for assessment of industrial and natural resources property. The bill establishes the local board of assessment appeals to meet in the fall of the tax year to which taxpayers may appeal as an alternative to the board of equalization and review which meets in February of the tax year. It authorizes a circuit court, upon an appeal from a board of equalization and review or a board of assessment appeals, to remand the case back to such board if the court finds the record below is inadequate.
    
    There would be no impact on State or local revenue. Local governments would incur additional administrative costs of $50,000 per year, and the State Tax Department would incur $250,000 in additional costs annually. Administrative costs are for additional mailings and taxpayer meetings associated with this bill.
    

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2010
Increase/Decrease
(use"-")
2011
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 300,000 300,000
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    There would be no impact on State or local revenue. Local governments would incur additional administrative costs of $50,000 per year, and the State Tax Department would incur $250,000 in additional costs annually. Administrative costs are for additional mailings and taxpayer meetings associated with this bill.
    
    
    
    
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kerri.r.petry@wv.gov