FISCAL NOTE



FUND(S):

Land Sales

Sources of Revenue:

Other Fund Land Sales

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


The transfer of responsibilities of all delinquent land sales from the County Clerks to the West Virginia State Auditor's Office is the major reason for the increase in the revenue shown by this bill. The personal services increase shown is a result of two to three additional employees being required by the West Virginia State Auditor's Office to enact this legislation. Estimates used in determining this fiscal note were derived from data supplied by 29 County Clerks and from the 2005 Sheriff's Tax Sale list that was provided this office. The 2005 tax sale occured between October and November 2006.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2010
Increase/Decrease
(use"-")
2011
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 235,405 235,405 235,405
Personal Services 170,000 170,000 170,000
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 65,405 65,405 65,405
2. Estimated Total Revenues 435,502 435,502 435,502


Explanation of above estimates (including long-range effect):


The $170,000 is to fund the two or three additional employees needed by the West Virginia State Auditor's Office to carry out the intent of this legislation. The $65,405 is for additional postage that would be required.



Memorandum


There is a savings to the purchasers of delinquent property, while at the same time making it convenient for the owners to redeem their property. At the present time, property can be certified to the state or sold to individuals at the Sheriff's Tax Sale and in both cases the property can be redeemed at the State Auditor's Office and at the County Clerk's office. This bill would elliminate confusion on the part of the taxpayers by giving them one specific office at which to redeem the property.



    Person submitting Fiscal Note: Mack E. Parsons
    Email Address: mack.parsons@wvsao.gov