MGH Tax Appraisal in Process
MARQUETTE, MI – (Great Lakes Radio News) – The City of Marquette is moving ahead with the process of gathering an appraised value of Marquette General Hospital for taxation purposes.
At their regular meeting last night, the Marquette City Commission approved plans to enter into an agreement with New Jersey based MR Valuation Consulting LLC to complete the formal appraisal.
Under the agreement, the company would complete an appraisal of the hospital’s real and personal property by mid-December for about $72,000.
The appraisal and taxation of the hospital by the city has come to light following the sale of MGH to Duke LifePoint, making the former non-profit hospital now subject to taxes as a for-profit entity.
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