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The City of Horseshoe Bay’s 2008 taxes collected as of Feb. 28 total $4,488,806 at a collection rate of 89%, as compared to a 94% collection rate last February. The Administration Department Report presented to the HSB City Council last week states, “The collection rate for this year is down due to several large accounts being uncollected at this time.” The city’s budget is based on revenues of $4,900,000 from property taxes, which equates to a 97% collection rate of the $5,044,091 tot ...