Does the Twin Lakes Retirement Community Pay Real Estate Taxes?
A majority of the current Twin Lakes campus pays the full amount of real property taxes to the Schools, the City and to the various Hamilton County levies. This current tax distribution breakdown is 61% to the Sycamore and Great Oaks Joint Vocational School Districts, 24% to the various County levies, and 15% to the City of Montgomery. The only portion of the Twin Lakes campus that received a real estate tax exemption is the part of the “main campus” area with 38 licensed skilled nursing units, 27 assisted living units, and the wellness center. The exemption does not include the 91 unlicensed apartments or 8 unlicensed patio homes or the areas leased to the US Bank or the hair salon on the main campus. The north campus (off of Hopewell) and the south campus (off of Perin Road behind the Chevrolet Store) were not requested to be exempted from real estate taxes, nor did they receive a tax exemption. Additionally, Twin Lakes has publicly stated that it does not intend to request a propert
