2004 Property Tax Rates in Collin County, Texas 
This notice concerns  2004  property tax rates for Collin County, Texas.  It presents
information about three tax rates.  Last year's tax rate is the actual rate the taxing unit
used to determine property taxes last year.  This year's effective tax rate would
impose the same total taxes as last year if you compare properties taxed in both years.   
This year's rollback tax rate is the highest tax rate the taxing unit can set before
taxpayers can start tax rollback procedures.  In each case these rates are found by
dividing the total amount of taxes by the tax base (the total value of taxable property)
with adjustments as required by state law.  The rates are given per $100 of property
value.
Last year's tax rate:
Last year's operating taxes
Last year's debt taxes
Last year's total taxes
Last year's tax base
Last year's total tax rate
This year's effective tax rate:
Last year's adjusted taxes
(after subtracting taxes on lost property)
÷ This year's adjusted tax base
    (after subtracting value of new property)
= This year's effective tax rate
x 1.03 = maximum rate unless unit
publishes notices and holds hearing
This year's rollback tax rate:
Last year's adjusted operating taxes (after
subtracting taxes on lost property and adjusting
for any transferred function, tax increment
financing, state criminal justice mandate, and/or
enhanced indigent health care expenditures)
÷ This year's adjusted tax base
= This year's effective operating rate
x 1.08 = this year's maximum operating rate
+ This year's debt rate
= This year's rollback rate
$98,642,443
$24,889,144
$123,531,587
$49,412,634,800
$121,922,061
$49,469,377,885
$49,469,377,885
$97,432,495
0.25000 /$100
0.24645 /$100
0.25384 /$100
0.21271 /$100
0.05395 /$100
0.26666 /$100
0.19696 /$100

 
 
Statement of Increase/Decrease
If Collin County, Texas adopts a  2004 tax rate equal to the effective tax rate of   
$0.24645 per $100 of value, taxes would  increase compared to 2003 taxes by  
$3,234,881.
Schedule A - Unencumbered Fund Balances
The following estimated balances will be left in the unit's property tax accounts at the
end of the fiscal year.  These balances are not encumbered by a corresponding debt
obligation.
Type of Property Tax Fund
Balance
General Operating
$85,000,000
Debt Service
$6,800,000
Schedule B -  2004 Debt Service
The unit plans to pay the following amounts for long-term debts that are secured by
property taxes.  These amounts will be paid from property tax revenues (or additional
sales tax revenues, if applicable).
Description
of Debt
Principal or
Contract Payment
to be Paid from
Property Taxes
Interest to be
Paid from
Property
Taxes
 
Other
Amounts
to be Paid
Total
Payment
$100,000
$459,328
$3,500
$562,828
Unlmtd Tax
Refunding #201
$2,780,000
$696,028
$3,500
$3,479,528
Criminal Justice
Refunding 1998,
#289
$1,220,000
$281,058
$3,500
$1,504,558
Unlmtd. Rd.
1997, #288
$340,000
$1,184,437
$3,500
$1,527,937
Unlmtd. Rd.
1999, #290
$160,000
$571,257
$3,500
$734,757
Lmtd. Tax P/I
1999, #291
$440,000
$522,305
$6,000
$968,305
Unlmtd. Rd.
1999A, #292
$735,000
$867,418
$6,000
$1,608,418
Lmtd. Tax P/I
1999A, #293
$965,000
$1,241,247
$6,000
$2,212,247
Unlmtd. Rd.
2000, #294
$70,000
$91,568
$6,000
$167,568
Lmtd. Tax P/I
2000, #295
$535,000
$647,169
$3,500
$1,185,669
Unlmtd. Rd.
2001,, #296
$170,000
$207,335
$3,500
$380,835
Lmtd. Tax P/I
2001, #297
$870,000
$1,198,677
$3,500
$2,072,177
Lmtd. Tax P/I
2002, #299
$2,100,000
$31,500
$6,000
$2,137,500
Tax Notes 2002,
#202
$4,050,000
$3,464,245
$3,500
$7,517,745
Unlmtd. Rd.
2004, #209
$555,000
$705,837
$3,500
$1,264,337
Lmtd. Tax P/I
2004, #210
$1,525,000
$318,048
$3,500
$1,846,548
Lmtd. Tax P/I
2004A, #211
Total Required for 2004 Debt Service
$29,170,957
-  Amount (if any) paid from funds listed in Schedule A
$0
$1,420,000
$0
$27,750,957
$0
=  Total Debt Levy
$27,750,957
+  Amount added in anticipation that the unit will
     collect only 100.00% of its taxes in  2004 
=  Total to be paid from taxes in  2004
-  Excess collections last year
-  Amount (if any) paid from other resources
Schedule D - State Criminal Justice Mandate
The Collin County, Texas Auditor certifies that Collin County, Texas has spent  
$31,040 in the previous 12 months beginning July 1, 2003, for the maintenance and
operations cost of keeping inmates sentenced to the Texas Department of Criminal
Justice.  Collin County, Texas Sheriff has provided information on these costs, minus
the state revenues received for reimbursement of such costs.
This notice contains a summary of actual effective and rollback tax rates' calculations.  
You can inspect a copy of the full calculations at  200 S. McDonald, Suite 300.
Name of person preparing this notice:  Donald w. Cozad
Title:  County Auditor
Date Prepared:   August 9, 2004