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which may leave.counties across the state with little or no money collected from this action because they bear the broad share of the cost of implementation. Property Appraiser Nolte also felt that the bill simply increases the cost to the home buyer purchasing real estate. The first year's tax bill will be a full year plus a partial year and he believed that this will constitute a new tax which would cost 20% to 30% to administer. These numbers come from an ACIR study which estimates the cost based on the assumption that properties are physically inspected each year when, in fact, they are only -physically inspected once every 3 years. The cost figures, therefore, should be tripled. No one has addressed the added cost of administering the tangible personal property taxes which he understood Senator Dudley had taken out of the bill. This raises a constitutional question because the Constitution says that tangible property will be taxed as real estate. If this is not a new tax, then it certainly would be unconstitutional. If it is a new tax, then possibly you could get around the Constitution. Commissioner Adams stressed that, in her opinion, -it is not a new tax, but simply collecting the funds sooner. Property Appraiser Nolte brought up another philosophical question, in that a $25,000 vacant piece of land pays as much tax as a $50,000 homestead but sends no children to school, yet pays for the same number of children as the $50,000 homestead. The vacant land also causes very little problem for the Sheriff and causes very little traffic impact. Tax Collector Karl Zimmermann advised that the State Tax Collector's Association is not supporting this bill. Commissioner Tippin stated that the bill has a good chance of passing and addresses a revenue- void that should be strongly supported. He felt that the bill's pros outweigh the cons. Commissioner Bird questioned whether the bill actually does fill the void and whether a substitute bill could do a better job. Chairman Macht noted that the proposed bill in the Senate Subcommittee is all that we are talking about here. Property Appraiser Nolte further advised that the status of the property on January 1 determines the tax roll status. If there is a completed house on the property, it's on the tax roll; if the people are eligible for homestead, it is allowed. Under the proposed bill, each time the property is sold, the old exemptions would come off. At this point in time, the tax bills are calculated dependent upon the taxable value on January 1st times the millage. The proposed bill would require calculating the tax bill on a monthly basis should it change ownership. Bou94 Pe,cE 958 APRIL 25, 1995 2 3