LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
February 13, 1997
TO: Honorable Eddie Lucio, Jr., Chair IN RE: Senate Bill No. 141, Committee Report 1st House
Committee on Intergovernmental Relations By: Cain
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SB141 ( Relating
to the power of a county to seize and sell abandoned real property
for delinquent ad valorem taxes.) this office has detemined
the following:
Biennial Net Impact to General Revenue Funds by SB141-Committee Report 1st House
No significant fiscal implication to the State is anticipated.
This bill would provide for the seizure and sale of abandoned
real property located within a county if property taxes, interest,
or penalty remained unpaid. The bill would limit the county's
right of seizure to property that is located within a county,
and is abandoned, unused, or vacant for at least one year.
Properties subject to seizure would be limited to those properties
subject to a lien for unpaid taxes for at least the preceding
five years. The county tax collector would determine if the
seizure of the property was in the best interest of the county
and other taxing units based on an analysis of the outstanding
taxes and assessments due and the costs of foreclosure. The
seizure and sale may not be voided because of an error in determination.
No significant fiscal implication to units of local government
is anticipated.
Source: Agencies:
LBB Staff: JK ,TL ,BR