Revision: Feb. 6, 2013, midnight
HB 147-FN – AS AMENDED BY THE HOUSE
6Feb2013… 0044h
2013 SESSION
10/09
HOUSE BILL 147-FN
AN ACT repealing a duty of the assessing standards board concerning municipal reimbursement for the cost of assessments.
SPONSORS: Rep. Lockwood, Merr 9; Rep. Cooney, Graf 8
COMMITTEE: Municipal and County Government
This bill repeals a requirement that the assessing standards board recommend a formula for municipal reimbursement of assessing costs.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
6Feb2013… 0044h
13-0334
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT repealing a duty of the assessing standards board concerning municipal reimbursement for the cost of assessments.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Repeal. RSA 21-J:11-a, III, relative to the assessing standards board recommendation for municipal reimbursement of the cost of assessments, is repealed.
2 Effective Date. This act shall take effect upon its passage.
LBAO
13-0334
12/28/12
HB 147-FN - FISCAL NOTE
AN ACT establishing a formula for reimbursing municipalities for assessment expenses.
FISCAL IMPACT:
The Department of Revenue Administration and the New Hampshire Municipal Association state this bill, as introduced, will increase state expenditures and local revenue by $354,800 in FY 2014, and each year thereafter. There will be no fiscal impact on state and county revenue, or county and local expenditures.
METHODOLOGY:
The Department of Revenue Administration states this bill will require the Department to reimburse municipalities for assessment expenses. Under the formula, each municipality conducting an assessment will be paid a base amount of $2,000 plus $2.00 for each taxable parcel. No municipality will be reimbursed more than once in a five year period. The Department and Association estimate a $354,800 average annual cost to the state based on 235 municipalities and 652,000 taxable land parcels in the state. The average annual cost is based upon the total five year cost divided by five years. The Department notes it is possible that the cost could be higher or lower in any one fiscal year depending on when municipalities conduct assessments and seek reimbursements. The calculation is as follows:
Total Base Amount 235 x $2,000 = $470,000
Total Parcel Costs 652,000 x $2.00 = $1,304,000
Total Five Year Cost: $1,774,000
Average Annual Cost: $354,800
The Department states this law can be administered without any additional cost.