Header

The Sale Of The Harris Regional Hospital Property Has A County Property Tax Angle

The Jackson County Tax Collector has been called upon to report on the tax potential which could arise from the sale of the property now owned by Medwest should that property be sold as has been reported by the WRGC Radio News Department. The Jackson County Tax Department reported the property evaluation for the hospital and affiliated property and buildings to be $74 million. Should this property be sold to Lifepoint which is a for profit organization as reported, the property would then become taxable rather than continue to qualify for tax exempt status. Since the property is situated inside the city limits there would be both a city tax and a county tax assessment. The county tax assessment is estimated to be $207.000. The city tax would likely be that much or more. Also as a for profit business Lifepoint would also no longer be exempted from paying taxes on purchases. If the sale closes in 2014 as expected the taxes assessment would become applicable in 2015.