By Peter Biello
Wilmington, NC – The Brunswick Board of Commissioners will consider lowering the special tax rate to pay off Dosher Hospital Bonds. Smithfield Township currently pays Dosher Memorial Hospital 4 cents for every $100 of property value.
The Brunswick County Commissioners are considering lowering that rate because town officials say the rate is too high. Bald Head Island Mayor Larry Lammert says the recent valuation doubled the value of the land, which meant higher tax bills for residents.
This last valuation took us from right on $1 billion to $2.1 billion. So that's over $400,000 impact to our taxpayers here.
Dosher Hospital Board Chairman Bill Sizemore says giving the hospital the power to keep the tax rate between 2 and 4 cents would allow the hospital to honor a $13 million bond payment.