What to know
According to information from the Montgomery Central Appraisal District, the city has $1.56 billion in certified appraised taxable value in 2024, which would mean a no-new-revenue tax rate of $0.1339 per $100 valuation or a voter-approval rate of $0.1422 per $100 valuation, according to the board agenda packet. The property tax revenue for FY 2024-25 under the approved tax rate would be about $2.3 million, Finance Director Lisa Wasner said. The estimated general fund revenue for FY 2024-25 is $12.1 million.
By comparison, the FY 2023-24 tax rate was $0.1449 per $100 valuation, and the appraised taxable value in the city was $1.47 billion, as previously reported by Community Impact.
“Revenues in general stayed pretty stagnant," Wasner said of the FY 2024-25 budget. "The only ones that we did have to decrease is obviously with building permits [as] we don't have a lot of commercial development going on."
What’s next
A public hearing on the tax rate will be held at 7 p.m. Aug. 28 at the City of Shenandoah Municipal Complex, 29955 I-45, Shenandoah.
