2017 Property Tax Rates in Montgomery County Hospital District

August 10, 2017

This notice concerns the 2017 property tax rates for Montgomery County Hospital District. It
presents information about three tax rates. Last year’s tax rate is the actual tax 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 start 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 $36,777,065
Last year’s debt taxes $0
Last year’s total taxes $36,777,065
Last year’s tax base $55,303,857,143
Last year’s total tax rate $0.0665/$100

This year’s effective tax rate:

Last year’s adjusted taxes
(after subtracting taxes on lost property)
$36,514,203
÷ This year’s adjusted tax base
(after subtracting value of new property)
$50,453,439,215
=This year’s effective tax rate
(Maximum rate unless unit publishes notices and holds hearings.)
$0.0723/$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 healthcare expenditures)
$36,514,203
÷ This year’s adjusted tax base $50,453,439,215
=This year’s effective operating rate $0.0723/$100
x 1.08=this year’s maximum operating rate $0.0780/$100
+ This year’s debt rate $0/$100
= This year’s total rollback rate $0.0780/$100

Statement of Increase/Decrease
If Montgomery County Hospital District adopts a 2017 tax rate equal to the effective tax rate of
$0.0723 per $100 of value, taxes would increase compared to 2016 taxes by $615,788.

Schedule A – Unencumbered Fund Balance
The following estimated balances will be left in the unit’s property tax accounts at the end of the
fiscal year. These balances are not encumbered by a corresponding debt obligation.

Type of Property Tax Fund Balance
0

Schedule B – 2017 Debt Service
The unit plans to pay the following amounts for long-term debts that are secured by property taxes.
These amounts will be paid from property tax revenues (or additional sales tax revenues, if applicable).

Description of Debt Principal or Contract
Payment to be Paid
from Property Taxes
Interest to be
Paid from
Property Taxes
Other Amounts
to be Paid
Total Payment
0 0 0 0

 

Total required for 2017 debt service $0
– Amount (if any) paid from Schedule A $0
– Amount (if any) paid from other resources $0
– Excess collections last year $0
= Total to be paid from taxes in 2017 $0
+ Amount added in anticipation that the unit will
collect only 100.00% of its taxes in 2017
$0
= Total debt levy $0

 

This notice contains a summary of actual effective and rollback tax rates’ calculations. You can
inspect a copy of the full calculations at 400 N. SAN JACINTO
CONROE, TEXAS 77301
tammy.mcrae@mctx.org.
Name of person preparing this notice: Tammy McRae
Title: TAX ASSESSOR/COLLECTOR
Date Prepared: 07/25/2017