FISCAL NOTE

Senate Bill 54 as introduced authorizes an increase in the per diem for active board members of county boards of equalization in counties with a total assessed taxable property value of up to $80 million, from $35 to $100 and the maximum mileage expense allowable from $600 to $1,000 per year, which would increase costs to county and municipal general funds by an undetermined amount.

Board member compensation, for counties with a population of less than 600,000, is currently shared equally among the state, county and municipality in counties where the total assessed value of all taxable property in any municipality was equal to or greater than 50 percent of the total assessed value of all taxable property in the county. In counties without cities where the total assessed value of taxable property was equal to or greater than 50 percent of the total taxable property in the county, the compensation cost of board members was shared equally between the state and the county.

This bill requires board member compensation to be prorated in the county mapping and appraisal budget in every county that has a population of less than 600,000, on the basis of the proportion of net amount of property taxes remitted to each agency in the county to the total amount received by all agencies in the county. This could decrease costs to the State General Fund, and increase costs to the cities and counties by an undetermined amount, dependent upon the amount of property taxes remitted to each agency in the county and the total amount of taxes received by all agencies.