Hospital proposes 25.6% higher tax rate, average bill rises $8
Photo credit: Midland Memorial Hospital
What to watch: The Midland County Hospital District Board of Directors will meet Tuesday, Sept. 29, for a public hearing on its proposed property tax rate for fiscal year 2026-27. The proposed rate is about 25.6% higher than last year’s rate.
However, the average taxable homestead value within the hospital district fell nearly 17%, offsetting much of the higher rate’s effect. Under the proposed rate, the average homestead’s tax bill would rise from $177.39 to $185.12 annually, or about $8. An individual homeowner’s bill may rise or fall depending on changes to that property’s taxable value and exemptions.
Key points:
- Proposed tax rate: The proposed rate is about 5.9% higher than the district’s no-new-revenue rate. A no-new-revenue rate is calculated to collect roughly the same amount of property tax revenue from properties taxed in both years. The proposed rate is also the district’s voter-approval rate, the highest rate it can adopt without holding an election for voters to approve a higher rate.
The hospital district expects to collect about $4.1 million more in property taxes under the proposed rate, increasing total collections from about $51.3 million to $55.4 million, an 8% increase.