The Somervell County Hospital District’s board of directors has scheduled public hearings on its proposed tax rate for county residents.
The board room on the second floor at Glen Rose Medical Center will be the site of public hearings on Sept. 7 and Sept. 14. Both hearings are scheduled to begin at 5:30 p.m., according to Ray Reynolds, chief executive officer.
The board will also have another meeting open to the public on Sept. 25 to establish the tax rate for the coming fiscal year. The starting time for that meeting has not yet been set.
“Our board is working hard to develop an operating budget that takes into account the needs of the hospital and the respect of the tax rate the taxpayers are asked to pay,” Reynolds said Tuesday.
The hospital district states that the hearings will be concerning the proposal “to increase total tax revenues from properties on the tax roll in the preceding tax year by 11.66 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Tax Code Chapter 26).”
The district notes, “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 average taxable value of a Somervell County residence homestead last year was $162,807, and is $169,198 this year, according to the board.
“Based on last year’s tax rate of $0.13917980 per $100 of taxable value, the amount of taxes imposed last year on the average home was $226.59,” the board stated. “If the governing body adopts the effective tax rate for this year of $0.1640145 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $277.51.
“If the governing body adopts the proposed tax rate of $0.164 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $277.48.”
The board encourages the public to attend the hearings and express their views.