A tax rate of $0.406355 per $100 valuation has been proposed by the governing body of Terry Memorial
Hospital District.
| PROPOSED TAX RATE | $0.406355 per $100 |
| NO-NEW-REVENUE TAX RATE | $0.375975 per $100 |
| VOTER-APPROVAL TAX RATE | $0.406355 per $100 |
The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for Terry Memorial Hospital District from the same properties in both the 2022 tax year and the 2023 tax year.
The voter-approval rate is the highest tax rate that Terry Memorial Hospital District may adopt without holding an election to seek voter approval of the rate. The proposed tax rate is greater than the no-new-revenue tax rate. This means that Terry Memorial Hospital District is proposing to increase property taxes for the 2023 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON SEPTEMBER 26. 2023
AT 6:30 PM AT 705 E FELT. BRMC BOARD ROOM.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, Terry Memorial Hospital District is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Terry County Hospital Board of Terry Memorial Hospital District at their offices or by attending the public hearing mentioned above.
YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount- (tax rate) x (taxable value of your property)/100
FOR the proposal: Brian Paiva, Joe Silva, Jeffrey Davis June Cooper, Sue Cottrell, & Justin Hesse
AGAINST the proposal:
PRESENT and not voting: Chuck Norris & Jim Koulovatos
ABSENT: Chuck Nave
Visit Texas.gov/Property Taxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.. The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit
The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by Terry Memorial
Hospital District last year to the taxes proposed to be imposed on the average residence homestead by
Terry Memorial Hospital District this year.
| 2022 | 2023 | CHANGE | |
| Total tax rate (per $100 of value) | $0.402645 | $0.406355 | increase of 0.003710, or 10.92% |
| Average homestead arable value | $54,152 | $60.354 | increase of 6,202, or 11.45% |
| Tax on average homestead | $218.04 | $245.25 | increase of 27.21, or 12.48% |
| Total tax levy on all properties | [$3.500.021 | $3.804.049 | increase of 304.028. or 18.69% |
