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- Tax Information
NOTICE OF TAX RATE AND BUDGET
The creation and adoption of the Fiscal year budget and the tax rate to support it, help to serve as a guide and plan for the municipal governments. This is a major function of the governing body and following the Truth in Taxation requirements are key to making sure the public is informed about the proposed budget and tax rate including any increases. Property Owners have the right to be informed about increases to their properties appraised value and to be informed as to how the estimated values may affect their tax due.
PUBLIC OFFICIAL MAILING ADDRESS
TOWN OF SHADY SHORES
101 S. Shady Shores Road
Shady Shores, TX 76208
|Tom Newell||Mayor Pro Tememail@example.com|
|Jeff Belton||Councilmember Place firstname.lastname@example.org|
|Mike Nowels||Councilmember Place email@example.com|
|Bill Emsoff||Councilmember Place firstname.lastname@example.org|
|Charles Grimes||Councilmember Place email@example.com|
Public Hearing on the 2022 Budget was held on August 8, 2022
Public Hearing on the 2021 Tax Rate was held on September 12, 2022
The Annual Budget and 2021 Tax rate were considered and adopted at the September 12, 2022 Town Council meeting.
VIEW THE BUDGET
ANNUAL FINANCIAL AUDIT
CHANGES IN BUDGET
The Total General Fund Budget revenues in the 2023 budget equal $2,430,971, a (20%) increase from 2022 forecasted revenues of $ 2,018,197 The increase is largely due to higher property valuations as well as an anticipated increase in building and permit fees in anticipation of the construction of two new subdivisions (Lakeshore Bluffs and Lakeside Villas). Additional funds of $1,294,399 are being budgeted from Certificates of Obligation to pay for Capital Improvement projects and $635,226 American Rescue Plan Grant Funds for the completion of the Broadband Project and additional drainage projects.
HISTORICAL PROPERTY TAX RATE
|Fiscal Year||Taxable Value||Increase %||Average Home Value||Total Tax Rate||Average Property Tax|