Shenandoah tax rate sees near 18% decrease

“With those numbers...it is a pretty significant decrease to the taxable value on a homestead, even with the increased home values this year,” Wasner said.

Alongside setting the tax rate, the City Council voted to adopt the fiscal year 2022-2023 budget, which shows around $10.5 million in revenue and around $10.5 million in expenses. There is an anticipated surplus of around $78,000 in the general fund.

In other business, council unanimously supported a resolution allowing Shenandoah to increase its homestead exemption beyond the 20% allowed by the state.

During the meeting, Fletcher encouraged Shenandoah residents to help push the resolution by contacting their state legislators, Rep. Steve Toth (R-The Woodlands), and Sen. Brandon Creighton (R-Conroe).

“This is something we will bring up in the House this year,” Fletcher said. “Two years ago, I told Steve all we are doing is kicking the can down the road, and I think we are running over that can this year.”