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News : Grundy County Making Plans To Distribute Tax Funds Held In Escrow
Posted by Randy on 2014/7/18 4:18:46 (322 reads) News by the same author

Now that a 2012 tax dispute has been resolved between Wright Memorial Hospital and Grundy County, distributions are being planned from tax funds held in escrow.
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The Missouri state tax commission ruling announced this week favored Wright Memorial which appealed its assessment on behalf of the physicians' clinic now co-located with the new hospital on Iowa Boulevard in Trenton.

Because the state tax commission assigned a much lower assessment than the figure Grundy County had determined, the respective taxing entities will get a lot less money from that 2012 tax payment. It's only 39 percent of what the total disbursement would have been, had it not been paid under protest.

Collector Treasurer Barb Harris reports nearly 27 thousand dollars ($26,915) is to be paid to taxing entities next month when they get checks that include back taxes that have been paid. The largest portion of the escrow funds, 16 thousand 244 dollars, goes to Pleasant View since the hospital is in the R-6 school district. But that's much less than the estimated 41 thousand, 650 dollars the R-6 district could have received. Amounts will be paid to other taxing entities on a pro-rated share, based on their respective levies.

Some 18-hundred dollars gets distributed for the surtax plus a small amount of interest.

Wright Memorial paid almost 70 thousand dollars ($69,870) under protest for the 2012 taxes. With the tax commission ruling, nearly 43 thousand ($42,955) will be returned to Wright Memorial. Still pending before the state tax commission is Wright Memorial Hospitals' appeal of its 2013 assessment on the physicians clinic.

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