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Informational briefing: counties urge changes to assessment funding; bill would raise recording fee, restore delinquent interest to districts
Summary
Eric Chancellor, representing county assessors and tax collectors, told the Senate Finance and Revenue Committee April 23 that the County Assessment Function Funding Assistance account (CAPA) has not been adjusted for growth since 1999 and now covers a much smaller share of statewide assessment and taxation (A&T) costs.
Eric Chancellor, speaking for county assessors and tax collectors, briefed the Senate Committee on Finance and Revenue April 23 about the County Assessment Function Funding Assistance account (CAPA), which provides partial funding for counties' property assessment and taxation (A&T) offices.
Chancellor said CAPA was established in 1989 via House Bill 2338 to augment county general funds through two primary revenue streams: a dedicated portion of document recording fees and retention of delinquent interest revenues. He told the committee the statutory formula has been amended only twice since then (1997 and 1999) and has not been indexed for growth, producing a widening gap between CAPA deposits and county A&T costs.
"If we squish the chart down and just looked at the trend relative to the need, it's been flat as compared to actual need, which grows with inflation," Chancellor said, adding CAPA…
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