60 Hz is the refresh rate which is standard on TFT monitors. It may seem like 100 Hz, but is in fact only 60. Theoretically, you could run your TFT monitor at 10 Hz and still have a flicker-free image. This is because LCD(TFT) screens refresh pixel-by-pixel when needed and not the whole image as a CRTs do.
The techniques are very different and cannot really be compared to each other, by other means than that both of them are screen technologies.
To answer your question, I don't believe the response time is 12ms, but I do not know. I don't have any exact figures.
