2006 Property Tax Rates in Collin County, Texas

This notice concerns 2006 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

$112,630,346

$28,383,208

$141,013,554

$56,405,421,600

$139,115,604

$54,633,202,919

$110,921,240

0.250000 /$100

0.254635 /$100

0.219271 /$100

0.050311 /$100

0.269582 /$100

0.203029 /$100

Statement of Increase/Decrease

If Collin County, Texas adopts a 2006 tax rate equal to the effective tax rate of

$0.254635 per $100 of value, taxes would increase compared to 2005 taxes by

$6,051,541.

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 Fund

$96,012,078

Road and Bridge

$7,696,056

Permanent Improvement

$10,277,143

Jury

$386,309

Debt Service

$7,676,713

Schedule B - 2006 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

$1,135,000

$433,209

$3,500

$1,571,709

Unlmtd Tax

Refunding #201

$1,220,000

$28,975

$6,000

$1,254,975

Unlmtd Tax Road

1997 #288

$2,690,000

$457,128

$3,500

$3,150,628

Criminal Justice

Refunding '98 #289

$340,000

$1,150,437

$3,500

$1,493,937

Unlmtd Tax Road

1999 #290

$160,000

$306,114

$3,500

$469,614

Lmtd Tax Perm Imp

1999 #291

$485,000

$77,850

$3,500

$566,350

Unlmtd Tax Road

1999A #292

$815,000

$130,350

$3,500

$948,850

Lmtd Tax Perm Imp

1999A #293

$1,075,000

$216,138

$3,500

$1,294,638

Unlmtd Tax Road

2000 #294

$80,000

$16,555

$3,500

$100,055

Lmtd. Tax Perm

Imp 2000 #295

$590,000

$602,269

$3,500

$1,195,769

Unlmtd Tax Road

2001 #296

$190,000

$192,935

$3,500

$386,435

Lmtd Tax Perm Imp

2001 #297

$965,000

$1,095,317

$6,000

$2,066,317

Lmtd Tax Perm Imp

2002 #299

$1,440,000

$2,273,588

$3,500

$3,717,088

Unlmtd tax Road

2004 #209

$705,000

$466,364

$3,500

$1,174,864

Lmtd Tax Perm Imp

2004 #210

$1,655,000

$233,838

$3,500

$1,892,338

Tax Notes 2004

#211

$1,225,000

$2,498,225

$3,500

$3,726,725

Lmtd Tax

Refunding & Imp

2005 #212

$590,000

$2,035,513

$3,500

$2,629,013

Unlmtd Tax Rd &

Refunding 2005

#213

$680,000

$2,080,978

$3,500

$2,764,478

Lmtd Tax

Refunding & Imp

2006 #214

$320,000

$991,678

$3,500

$1,315,178

Unlmtd Tax Rd &

refunding 2006

#215

$1,395,000

$822,100

$3,500

$2,220,600

Tax Notes 2006

#216

Total Required for 2006 Debt Service

$33,939,561

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

$4,882,200

$29,057,361

= Total Debt Levy

$29,057,361

+ Amount added in anticipation that the unit will

collect only 100.00% of its taxes in 2006

= Total to be paid from taxes in 2006

- 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

$36,480 in the previous 12 months beginning July 1, 2005, 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 South McDonald, Suite 300,

McKinney, Texas.

Name of person preparing this notice: Donald W. Cozad

Title: County Auditor

Date Prepared: August 3, 2006