Saturday, September 21, 2019

RETURN TO NOTICES

Notice of Public Hearing on Tax Rate
Collin County Municipal Utility District No. 2 will hold a public hearing on a proposed tax rate for the tax year 2019 on Monday, September 26, 2019 at 12:00 p.m. at 14755 Preston Road, Suite 600, Dallas, Texas 75254. Your individual taxes may increase or decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.
For the proposal: Brian C. Mier, Matt Robinson, Jim Blumetti and Noel E Wynn Searle.
Against the proposal: None.
Absent, not voting: Jon Henney.
The following table compares taxes on an average residence homestead in this taxing unit last year to taxes proposed on the average residence homestead this year.


Total tax rate (per $100 of value)

Difference in rate per $100 of value

Percentage increase/decrease in rate (+/-)

Average residence homestead appraised value

Total homestead exemption (excluding senior citizens or disabled persons exemptions)

Average residence homestead taxable value

Tax on average residence homestead

Annual increase/decrease in taxes if
proposed tax rate is adopted (+/-)
and percentage of increase (+/-)

2018 2019
Last Year This Year
$0.00/$100 $1.00/$100
Proposed
$1.00/$100

N/A

N/A N/A


N/A N/A

N/A N/A

N/A N/A


N/A
N/A

NOTICE OF TAXPAYERS' RIGHT TO ROLLBACK ELECTION

If taxes on the average residence homestead increase by more than eight percent, the qualified voters of the District by petition may require that an election be held to determine whether to reduce the operation and maintenance tax rate to the rollback tax rate under Section 49.236(d), Texas Water Code.

9/19

 

 

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