Southbury to Receive Tax Payment After Nursing Home Sale

Some good economic news for Southbury.

The town stands to receive a $48,000 tax payment this fiscal year after the Lutheran Home of Southbury had been sold to for-profit investors, reports Chris Gardner of the Republican-American.

In future years, Southbury will receive approximately $96,851 in annual tax payments.

Southbury Real Estate Group LLC purchased the 120-bed nursing home at 990 Main Street North for $2.56 million last month, the Rep-Am reports.

The key in the transaction is that the nursing home property will no longer be tax exempt as it had been, and the new owners will have to pay taxes to the town.

According to the nursing home’s website it states, “Since 1918, the Lutheran Home of Southbury (LHS) has welcomed and cared for people of all backgrounds and faiths who needed assistance during their later years.

In recent years, the Lutheran Home has become a pioneer in Alzheimer’s and dementia care, providing services for individuals and their families from the early stages of a cognitive disorder until the final days of a person’s life,” the website states.

These services include:

• Rehabilitation after an injury, surgery, or hospitalization.
• Long-term skilled nursing care including Alzheimer’s and dementia care.”

Read the full Rep-Am story here.