Exceptional Care.  Always.

MCHD Property Tax Rate

 

 

The Moore County Hospital District Board of Directors voted to lower the tax rate for 2020 from the current 2019 tax rate at the Board meeting on September 25, 2019 as follows:

Current tax rate - $0.225700/ $100

Upcoming tax rate - $0.220000/ $100

 

 

PRIOR NOTICE - AUGUST 2019

This notice concerns 2019 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 - $5,423,663

     Last year's debt taxes - $0

     Last year's total taxes - $5,423,663

     Last year's tax base - $2,456,702,928

     Last year's total tax rate - $0.220770/ $100

 

This year's effective tax rate:

     Last year's adjusted taxes

     ( after subtracting taxes on lost property) - $5,463,498

     +This year's adjusted tax base

     (after subtracting value of new property) - $2,419,719,685

     =This year's effective tax rate - $0.225700/$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) - $5,839,070

     +This year's adjusted tax base - $2,419,719,685

     =This year's effective operating rate - $0.241300/$100

     x 1.08 = this year's maximum operating rate - $0.260600/$100

     +This year's debt rate - $0

     =This year's rollback rate - $0.260600/$100