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 NOTICES

2022 Town of Shady Shores Tax Rate Calculation 
Notice of Public Hearing on the 2023 Tax Increase

PUBLIC OFFICIAL MAILING ADDRESS

TOWN OF SHADY SHORES
/DocumentCenter/View/1800101 S. Shady Shores Road
Shady Shores, TX  76208

PUBLIC HEARINGS

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

BUDGET ADOPTION

The Annual Budget and 2021 Tax rate were considered and adopted at the September 12, 2022 Town Council meeting.

VIEW THE BUDGET 

Adopted 2022/2023 Fiscal Year Budget
Budget Document

ANNUAL FINANCIAL AUDIT

Fiscal year 2020-2021 Annual 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

 2023 Notice of Public Hearing on Tax Increase