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F I S C A L I M P A C T R E P O R T

SPONSOR Miera

DATE TYPED 3/17/05

HB 130/aHGUAC

SHORT TITLE Real Estate Appraiser Qualifications

SB

ANALYST Rosen

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

NFI

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to HB131

SOURCES OF INFORMATION

Responses Received From

Taxation and Revenue Department (TRD)

SUMMARY

Synopsis of HGUAC Amendment

The House Government and Urban Affairs amendment to House Bill 130 is intended to allow

TRD to work with the International Association of Assessing Officers (IAOO) and the New

Mexico Real Estate Appraisal Board in establishing the classes. A strict interpretation of the

original bill would have allowed TRD to work with the IAOO or the Appraisal Board, but not

both organizations simultaneously.

Synopsis of Original Bill

House Bill 130 authorizes the New Mexico Real Estate Appraisers Board to act in cooperation

with TRD in establishing four courses for qualification for appraiser’s certificates. The existing

statute delegates this task to the TRD, working in cooperation with the International Association

of Assessing Officers (IAOO). This bill allows the TRD to work with either the IAAO or the

real estate appraiser’s board.

House Bill 130/aHGUAC -- Page 2

FISCAL IMPLICATIONS

There is no fiscal impact associated with this bill.

ADMINISTRATIVE IMPLICATIONS

By providing TRD with additional options in administering appraisal courses, the proposed

measure may decrease the Property Tax Division's administrative costs.

CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP

TRD indicates HB-131 makes mandatory the existing directive allowing county commissioners

to grant pay increases to employees who earn certification for improved appraiser qualifications.

OTHER SUBSTANTIVE ISSUES

TRD’s Property Tax Division favors the proposed legislation. Appraisal training and licensure

currently reside, by statute, with the Real Estate Appraiser Board. Including the Board in devel-

oping property tax training for appraisers is a logical extension of the tasks already granted.

JR/lg