2005 Property Tax Rates in Collin County, Texas

This notice concerns 2005 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

(Maximum rate unless unit publishes notices and holds hearings.)

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 total rollback rate

$98,035,314

$26,977,838

$125,013,152

$50,005,260,800

$123,203,802

$50,369,025,626

$96,321,027

0.25000 /$100

0.24460 /$100

0.20652 /$100

0.05032 /$100

0.25684 /$100

0.19123 /$100

Statement of Increase/Decrease

If Collin County, Texas adopts a 2005 tax rate equal to the effective tax rate of

$0.24460 per $100 of value, taxes would increase compared to 2004 taxes by

$4,321,555.

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 Funds

$90,000,000

Debt Service Fund

$7,000,000

Schedule B - 2005 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

$604,997

$1,017,332

$6,000

$1,628,329

01 Unlmtd Tax Rfd

S/F - #201

$1,220,000

$92,263

$3,500

$1,315,763

95 Unlmtd Rd S/F -

#288

$2,730,000

$581,705

$3,500

$3,315,205

98 Criminal Justice

Rfd S/F - #289

$340,000

$1,167,437

$3,500

$1,510,937

99 Unlmtd Rd S/F -

#290

$160,000

$313,314

$3,500

$476,814

99 Lmtd P/I S/F -

#291

$460,000

$106,200

$3,500

$569,700

99A Unlmtd Rd S/F

- #292

$775,000

$175,338

$3,500

$953,838

99A Lmtd P/I S/F -

#293

$1,020,000

$268,513

$3,500

$1,292,013

00 Unlmtd Rd S/F -

#294

$75,000

$20,430

$3,500

$98,930

00 Lmtd P/I S/F -

#295

$560,000

$625,269

$6,000

$1,191,269

01 Unlmtd Rd S/F -

#296

$180,000

$200,335

$6,000

$386,335

01 Lmtd P/I S/F -

#297

$920,000

$1,148,333

$3,500

$2,071,833

02 Lmtd P/I S/F -

#299

$2,690,000

$2,345,863

$3,500

$5,039,363

04 Unlmtd Rd S/F -

#209

$705,000

$482,226

$3,500

$1,190,726

04 Lmtd P/I S/F -

#210

$1,595,000

$270,401

$3,500

$1,868,901

04 Tax notes S/F -

#211

$435,000

$3,675,521

$3,500

$4,114,021

05 Lmtd Imp & Rfd

S/F - #212

$200,000

$2,981,417

$3,500

$3,184,917

05 Unlmtd Rd &

Rfd S/F - #213

Total Required for 2005 Debt Service

$30,208,894

- Amount (if any) paid from funds listed in Schedule A

$3,601,000

$26,607,894

= Total Debt Levy

$26,607,894

+ Amount added in anticipation that the unit will

collect only 100.00% of its taxes in 2005

= Total to be paid from taxes in 2005

- 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

$18,920 in the previous 12 months beginning July 1, 2004, 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,

McKinney, Texas 75069.

Name of person preparing this notice: Donald W. Cozad

Title: County Auditor

Date Prepared: August 4, 2005