For the 2011-12 fiscal year, residents had been paying a rate of $21 per $100,000 assessed property value, a figure that would have been $23.92 per $100,000, had the board not elected to contribute $444,000 to the bond's debt service payment, confirmed Crystal Betts, chief financial officer for Tahoe Forest Hospital District, during interviews this week.
This year, the board elected not to contribute toward the debt service payment due to several reasons, including the uncertain impact of national health care reform, Betts
said, causing the tax rate to jump up by $9.67 per $100,000 assessed property value for the 2012-13 fiscal year.
According to the minutes of the July 31 meeting, Betts
said that before 2008, the area had historically seen an increase in the housing market.
looked at her
own property bill to help determine the cost difference of the Measure C hike, and found there was about a $3 change, according to the July 31 meeting minutes.
In that same meeting, she
personal example wouldn't apply to all hospital district parcel owners.
Only those who bought their home during the housing bubble would see a decline in their assessed property value, she
The Measure C tax rate has the potential to fluctuate over time based on the debt service payment required and assessed property values, a calculation the Tahoe Forest board must review every year, Betts