Tax Information

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