Notice of Public Hearing on Tax Increase


Notice of Public Hearing on Tax Increase Hospital.pdf
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8.29.17

Notice of Public Hearing on Tax Increase

Titus Regional Medical Center will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 8.438155 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held on September 1, 2017 at 12:00 PM at 2001 N Jefferson Mt. Pleasant TX 75455 Administration Conference Room 2nd Floor.

The second public hearing will be held on September 15, 2017 at 12:00 PM at 2001 N Jefferson Mt. Pleasant TX 75455 Administration Conference Room 2nd Floor.

The members of the governing body voted on the proposal to consider the tax increase as follows:

FOR:      Don Lowry, Tony Rundles, Rob Holliday, Trent Abbot, Brad Johnson, Dennis Newman

AGAINST:    Andy Fortenberry

PRESENT and not voting:

ABSENT:

The average taxable value of a residence homestead in Titus Regional Medical Center last year was $85,996. Based on last year’s tax rate of $0.189300 per $100 of taxable value, the amount of taxes imposed last year on the average home was $162.79.

The average taxable value of a residence homestead in Titus Regional Medical Center this year is $89,900.  If the governing body adopts the effective tax rate for this year of $0.190800 per taxable value, the amount of taxes imposed this year on the average home would be $171.53.

If the governing body adopts the proposed tax rate of $0.206900 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $186.00

Members of the public are encouraged to attend the hearings and express their views.

  

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