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TMHD adopts 12¢ tax rate
Trinity Standard -
TRINITY — A new tax rate and increased tax exemptions were formally approved Monday night by the Trinity Memorial Hospital District's board of directors. During their monthly meeting, the board approved a 2013 tax rate of 12 cents per $100 in assessed taxable value. The rate is down from the 12.3604-cent rate adopted last year. TMHD's financial advisor, Trinity CPA Thomas Ramey, noted that the 12 cent rate was this year's "effective rate," which is the rate needed in order to collect about the same amount of income as last year. He explained that due to an increase in overall property values in the district, this year's effective rate was lower than the 2012 actual tax rate. Those who have a taxable property value of $100,000 can expect to be assessed $120 in hospital taxes when tax statements are mailed out later this year. According to a report produced by the Trinity/Groveton Consolidated Tax Collection Office, the new 12-cent rate could generate an additional $4,900 during the coming year. In adopting the new tax rate, the board also formally approved their previously announced plans to double local tax exemptions for homesteads and for those who are 65 years of age or older. Both exemptions had been set at $5,000 each but were raised to $10,000 starting in the 2013 tax year. Those who are 65 or over who are currently receiving a senior citizen exemption will automatically get the higher figure. Those who are about to reach the age of 65 or who have not previously applied, need to contact the Trinity/Groveton Consolidated Tax Office in order to get that exemption. In other business during Monday night's TMHD board meeting, East Texas Medical Center-Trinity Administrator Brett Kirkham reported that during August, the hospital provided $304,000 in free or reduced cost medial care to low income people under its charity programs. The hospital district pays ETMC $25,000 per month for services to qualified indigent patients.