LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 18, 1995 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 2941 Committee on Ways & Means By: Heflin House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 2941 (Relating to the appraisal of property for tax purposes.) this office has determined the following: The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would create new duties and responsibilities for the Comptroller relating to investigating and potentially overseeing Appraisal Review Board (ARB) activities, and providing training for ARB members. The new responsibilities would require the Comptroller to add additional staff trained in appraisal practices and administration and adult education. There would be a potential cost to the appraisal districts for the Comptroller appointed master to supervise and control local Appraisal Review Boards. In addition, the bill would require certain notices to property owners to be delivered by certified mail, which would result in additional costs to appraisal districts. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Cost Out Change in Year of General Number of State Revenue Fund 001 Employees from FY 1994 1996 $373,696 7.0 1997 339,371 7.0 1998 322,571 7.0 1999 322,571 7.0 2000 322,571 7.0 Similar fiscal implications would continue as long as the provisions of the bill are in effect. The fiscal implication to units of local government cannot be determined. Source: Comptroller of Public Accounts LBB Staff: JK, BR, DF