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NOTICE OF PUBLIC HEARING ON TAX INCREASE

 

 

The HOSPITAL 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 14.397462 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 prope11y in relation to the change in taxable value of all other propei1y and the tax rate that is adopted.

 

The first public hearing was scheduled for August 7, 20 I 7 at 8:00 AM at BOARD ROOM, 224 E 2ND ST, DUMAS TX 79029.

The second public hearing was scheduled on August 22, 20 l 7 at 8:00 AM at BOARD ROOM, 224 E 2ND ST, DUMAS TX79029.

 

* Due to lack of quorum at the first scheduled public hearing on August 7, 2017; tax hearings have been rescheduled accordingly.

The first public hearing is scheduled for August 22, 2017 at 8:00AM at the Boardroom located at 224 E 2nd St, Dumas, TX 79029

The second public hearing is scheduled for September 14, 2017 at 8:00am at the Boardroom located at 224 E 2nd St, Dumas, TX 79029

 

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

 

FOR: Tom Ferguson, James Allen, Russell Fangman, John Frantz, Greg Stork, and Stacey Grall

AGAINST: NONE

PRESENT NOT VOTING: NONE

ABSENT: Gordon Graham, MD

 

The average taxable value of a residence homestead in HOSPITAL last year was $100,817. Based on last year's tax rate of $0.178851 per $100 of taxable value, the amount of taxes imposed last year on the average home was $180.31.   The average taxable value of a residence homestead in HOSPITAL this year is $106,867. If the governing body adopts the effective tax rate for this year of $0.180636 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $193.04.   If the governing body adopts the proposed tax rate of $0.206643 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $220.83.  Members of the public are encouraged to attend the hearings and express their views.

 

Enhanced Indigent Health Care Expenditures:

The HOSPITAL spent $1,194,771 from 07/01/2016 to 06/30/2017 on enhanced indigent health care at the increased minimum eligibility standards, less the amount of state assistance. For the current tax year, the amount of the increase above last year's enhanced indigent health care expenditures is $246,856.

 

"Appraised Value" is the amount shown on the appraisal roll and defined by Section 1.04(8), Tx Code

"New Property" is defined by Section 26.012(17), Tax Code

"Taxable Value" is defined by Section 1.04(10), Tax Code

 

 

2017 PROPERTY TAX RATES FOR HOSPITAL

 

This notice concerns 2017 property tax rates for HOSPITAL. It presents information about three tax rates. Last year's tax rate is the actual rate the taxing unit used to determine property taxes last year. This year's effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers can start tax rollback procedures. In each case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value.

 

Last year's tax rate:

Last year's operating taxes - $4,164,443

Last year's debt taxes - $0

Last year's total taxes - $4,164,443

Last year's tax base - $2,328,442,865

Last year's total tax rate -  0.178851 /$100

 

This year's effective tax rate:

Last year's adjusted taxes (after subtracting taxed on lost property) - $4,166,066

/This year's adjusted tax base (after subtracting value of new property) - $2,306,322,504

= This year's effective tax rate - 0.180635 / $100

 

This year's rollback tax rate:

Last year's adjusted operating taxes (after subtracting taxes on lost property and adjusting for any transferred function, tax increment financing, state criminal justice mandate and/or enhanced indigent health care expenditures)  - $4,412,868

/ This year's adjusted tax base - $2,306,322,504

= This year's effective operating rate - 0.191337 / $100

x 1.08 = this year's maximum operating rate - 0.206643 / $100

+ This year's debt rate - 0.000000 / $100

= This year's rollback rate - 0.206643 / $100

 

Statement of Increase/Decrease

If HOSPITAL adopts a 2017 tax rate equal to the effective tax rate of 0.180636 per $100 of value, taxes would increase compared to 2016 taxes by$ 31,736.

 

Schedule A: Unencumbered Fund Balances:

The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year. These balances are not encumbered by a corresponding debt obligation.

Type of Property Tax Fund - MCHD Operating Account, Balance - $1,886,405

 

Schedule F -Enhanced Indigent Health Care Expenditures

The HOSPITAL spent $1,194,771 from July 1, 2016 to June 30, 2017 on enhanced indigent health care at the increased minimum eligibility standards, less the amount of state assistance. For the current tax year, the amount of increase above last year's enhanced indigent health care expenditures is 246,856.

 

This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 500 S DUMAS AVE, DUMAS, TX 79029.

Name of person preparing this notice: NIKKI MCDONALD

Title: MOORE COUNTY TAX ASSESSOR-COLLECTOR

Dale prepared: August 3. 2017