PROSPER A tax rate of $0.520000 per $100 valuation has been proposed for adoption by the governing body of Town of Prosper. This rate exceeds the lower of the effective or rollbac tax rate! and state law re"uires that two public hearings be held by the governing body before adopting the proposed tax rate. P#$P$%&' TA( #AT& $0.520000 per $100 P#&)&'*+, -&A#.% TA( #AT& $0.520000 per $100 &//&)T*0& TA( #AT& $0.123134 per $100 #$556A)7 TA( #AT& $0.128220 per $100 The effective tax rate is the total tax rate needed to raise the sa9e a9ount of property tax revenue for Town of Prosper fro9 the sa9e properties in both the 2014 tax year and the 2011 tax year. The rollbac tax rate is the highest tax rate that Town of Prosper 9ay adopt before voters are entitled to petition for an election to li9it the rate that 9ay be approved to the rollbac rate. -$:# TA(&% $;&' :+'&# A+- $/ T<& A6$0& #AT&% )A+ 6& )A5):5AT&' A% /$55$;%= property tax a9ount> ?rate@ x ?taxable value of your property@A100 /or assistance or detailed infor9ation about tax calculations! please contact= 7enneth 5. Baun Tax AssessorC)ollector 2400 6loo9dale #d.! %uite 2422! Bc7inney T( D50D1 8D2C51DC5020 9aunEcollincountytx.gov http=AAwww.prospertx.govA -ou are urged to attend and express your views at the following public hearings on the proposed tax rate= /irst <earing= August 22! 2011 at 2=00 p9 at Prosper Bunicipal )ha9bers! 103 ;. 6roadway %treet! Prosper! T( D50D3. %econd <earing= %epte9ber 8! 2011 at 2=00 p9 at Prosper Bunicipal )ha9bers! 103 ;. 6roadway %treet! Prosper! T( D50D3.