Hospital officials decreased the property tax rate from 16.22 cents per $100 of property to 13.973 cents. Overall, taxpayers in median-valued homes will be paying $20 to $30 less next year, according to the report.
The district agreed to a lower rate because officials projected more property tax revenue in FY 2013 due to new taxable properties in the area. They expect to receive more than $22.53 million in tax revenue next year for the hospital’s indigent care population, which is more than what was recorded this year.
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