Tax Information

Courtesy Post

Denton Central Appraisal District Update



Denton County is among the top 10 counties in the U.S. for growth, according to U.S. Census Bureau data for 2021. And, according to the North Texas Real Estate information Services, Denton County trends are much like other areas across Texas in that median home sale prices are up from $356,000 in 2021 to $420,000 this year.

By state law, the Denton County Appraisal District, which is not under the jurisdiction of the Denton County government, is required to appraise property at its market value every year as of Jan. 1. Afterword, taxing entities across Denton County set respective tax rates. After the tax rates are set, property tax in Texas is collected by the Denton County Tax Office and distributed to the taxing entities as determined by their rates. Property taxes are the primary revenue source for local governmental entities to fund roads, law enforcement, schools, libraries, emergency response services, and more.

The first batch of appraisal notices from the Denton Central Appraisal District are expected to be mailed on April 18. The deadline to file a protest is 30 days after the date the notice is mailed. Officials from the Denton Central Appraisal District indicate they anticipate a record number of protests, more than 120,000, as real estate values outperform expectations.

A new online protest portal is being unveiled this month to allow taxpayers to upload more evidence more quickly than before. It also allows appraisers to exchange emails with taxpayers via the portal. Informal meetings with appraisers and the Appraisal Review Board can be done electronically, in person, by phone, or through Zoom.

The portal is located on www.dentoncad.com. Information and forms related to hearings before the Appraisal Review Board are also available at www.dentoncad.com.

Appraisal Review Board hearings will begin on May 23 and continue through July 15, 2022. Property owners should bring a hard copy of all evidence when presenting to the board in person. The Appraisal Review Board is comprised of citizens who have completed the required state training to become a certified Appraisal Review Board member. Individuals are welcome to contact the Denton County Appraisal District’s Taxpayer Liaison Officer at TLO@dentoncad.com. The Taxpayer Liaison Officer was created to help facilitate issues. Challenges to Appraisal Review Board hearing results would be submitted to the Taxpayer Liaison Officer. A report of all challenges submitted to the Denton County Appraisal District are reported annually on Dec. 31 to the State Comptroller’s Office.

The first set of preliminary totals are slated for release to all taxing entities in the county on April 29.

Please note that the 87th Texas Legislature passed SB1 and SJR2 during the third special session. If approved by voters as a constitutional amendment in the May 7 election, the measure will increase the residence homestead exemption for Independent School Districts from the current $25,000 to $40,000. If approved by voters, the increase to $40,000 will be effective as of Jan. 1, 2022. That means the Denton Central Appraisal District will be applying the exemption after notices are mailed. They will notify property owners of the potential change.

Certified totals will be released to each taxing entity across the county by July 25, 2022.

In other news, the Denton Central Appraisal District Board of Directors recently approved a new set of agriculture and wildlife guidelines following a public meeting to hear views on an initial proposal. I asked the Denton Central Appraisal District to gather more public input before approving the final guidelines. Based on the input, the minimum acreage and animal unit requirements decreased. These are guidelines to follow on what would typically qualify for agriculture evaluation. Denton Central Appraisal District officials wanted to ensure there was flexibility throughout the process.

You can find the Denton Central Appraisal District’s Agriculture & Wildlife Guidelines here:

Denton Central Appraisal Update

NOTICE OF TAX RATE AND BUDGET

The Town of Shady Shores begins working in March of each fiscal year to plan and develop a budget that will reflect the needs plans for the Town.  The budget is developed through a series of committee meetings with the Town Budget Committee; staff and council members.  A base budget is prepared in accordance with legal requirements, council plans, policies and actions.  A draft budget is then prepared and several worksession are held in open session.  This years's budget worksessions were held at the May, June, July and August Town Council meetings.  A public hearing regarding the budget was held on August 19, 2021.  A public hearing regarding the tax rate will be held on September 20, 2021 at 7 pm.  

This webpage complies with Sec. 26.18 Posting of Tax Rate and Budget Information by a Taxing Unit on their website.

TOWN OF SHADY SHORES TOWN OFFICIALS

NAMEPOSITIONEMAILPHONE
Cindy AughinbaughMayorcindy.aughinbaugh@shady-shores.com940-498-0044
Tom NewellMayor Pro-Temtom.newell@shady-shores.com940-498-0044
Charles GrimesCouncilmembercharles.grimes@shady-shores.com940-498-0044
Matthew HainesCouncilmembermatthew.haines@shady-shores.com940-498-0044
Bill EmsoffCouncilmemberbill.emsoff@shady-shores.com940-498-0044
Mike NowelsCouncilmembermike.nowels@shady-shores.com940-498-0044


PUBLIC NOTICES
Each taxing unit is required to publish their No-New-Revenue Rate and their Voter-Approval Rate.  Counties and cities must meet publishing requirements as prescribed by the Local Government Code.

AVERAGE HOMESTEAD/RESIDENCE COMPARISON



20202021CHANGE
Total tax rate
(per $100 of Value)
$0.321958$0.321452decrease of $-.000506 or -.16%
Average Homestead Taxable Value$347,410$358,498increase of $18,873 or 5.56%
Tax on Average Homestead$1,119,477$1,152.38increase of $58.95 or 5.39%
Total tax levy on all properties$1,119,477$1,110,784increase of $106,521 or 9.52%


REQUIRED PUBLIC HEARINGS

A public hearing is required to give residents and taxpayers the opportunity to express their views on tax increases and the proposed budget.  A quorum of the governing body is required to be present at all hearings.  Each public hearing is open to the public and follows the Texas Open Meetings Act requirements.

The Following Public Hearings are scheduled for the Town of Shady Shores
August 19, 2021 7:00 pm Public Hearing on the 2022 FY Budget

September 20, 2021 7:00 pm  Public Hearing on the 2021 Tax Rate.

The September 20, 2021, Public Hearing will be held at the Shady Shores Community Center at 101 S. Shady Shores Road. Individuals who wish to speak may do so in the following ways, Attend the public hearing in person, or email wendy.withers@shady-shores.com submit comments.

ANNUAL BUDGET

The Town Council will consider and adopt the 2021/2022 FY Budget and the 2021 Tax rate at a Special Called Town Council meeting held on September 20, 2021.  At this time Town Council is planning to hold the meeting in person; interested parties may view the meeting through our town's website http://shady-shores.com/990/Agendas-and-Minutes .  

View the proposed budget as well as the previous two years budgets 

ANNUAL FINANCIAL AUDIT
View the Town of Shady Shores annual financial audit for 2020-2021 Fiscal Year


CHANGE IN BUDGET


FY 2022
PROPOSED
FY 2020
ADOPTED
CHANGE
AMOUNT
% CHANGE
GENERAL FUND $2,018,197$ 2,097,949 ($ 79,752) (3.8%) decrease


HISTORICAL TAXABLE VALUE


Fiscal Year

Taxable Value                    % Increase

Average Home Value

Maint & Operations Rate

Average Property Tax

FY 2014

$239,839,587

3%

$242,141

0.314625

$ 761

FY 2015

$256,155,059

4%

$255,030

0.314625

$ 802

FY 2016

$274,677,404

6%

$271,005

0.314625

$ 852

FY 2017

$293,657,030

13%

$306,648

0.314625

$ 964

FY 2018

$307,206,051

7%

$310,497

0.314625

$ 977

FY 2019

$322,041,387

4.6%

$324,997

0.321958

$1,046

FY 2020

$345, 008,976

3.7%

$330,000

0.321958

$1,063

*FY 2021$381,393,7905.39%$358,4980.321452$1152

*PROPOSED

HISTORICAL PROPERTY TAX RATE


YEAR
TAX RATE
2014.314625
2015.314625
2016.314625
2017.314625
2018.314625
2019.321958
2020.321958
2021.321452