Form 5768 Texas Collin 2016-2025

Form 5768 Texas Collin: What You Should Know

The 7,640,429 additional revenue comes from the following sources: ▷ 1. Increase in property tax levy by: ▷ 3.7% — Increase in mill levy by 1.10 per 100 of taxable value increase from 30.00 per 100 of taxable value to 31.60 per 100 of taxable valuation ▷ 4.3% — Increase in tax rate by 3.00% with a 5% increase. The 2025 budget for the District Courts Division includes: ▷ 1,934,218 — Total spending for services as shown on Schedule 1. ▷ 841,742.70 — Cost to the County for the 2025 fiscal year. That is 7,645,846 less than the 2025 budget. With this reduction in spending, the total revenue collected by the District Courts Division during Fiscal 2025 is 7,646,053, which is an increase of 739,223 from the 2025 budget as shown in the chart above. ▷ 3,000 — Cost to the County for administering the annual Property Tax Fairness Program that provides education for District Courts property taxpayers. The County received about 2.2 million in revenue during Fiscal 2018; however, because the County has to pay a portion of the cost to implement and administer the program, the County is unable to fully recoup the cost, which results in the loss of approximately 4.4 million. ▷ 350,000 — Cost to the County for the 2025 Fiscal Year for the State Police to assist in the District Courts and assist with traffic and traffic control in the District Courts. ▷ 650,000 — Property Tax Fairness Program costs; a total cost of 1,800,000, which the County is currently unable to properly recoup. The County is currently working to identify and provide some assistance for this cost with the support from the Legislative Council. We will provide an update on the status of our efforts as soon as it is finalized. ▷ 60,000 — Replacement cost for the office equipment in the current budget and the estimated use for this equipment for FY 2019.

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