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City Property Tax Update

After four consecutive years of a 0.1799 property tax rate (per $100 valuation), Shenandoah city council voted on August 10 to reverse course and use Montgomery County’s reported No New Revenue rate of .1477 for 2022-23. The formal vote is slated for the August 24, 2022 council meeting.

Although this translates into a lower rate compared to last year, ultimately homeowners may still owe more because of much higher appraisals this year.
 
While average market values in Shenandoah increased by over 26%, Tony Beloski, chief appraiser of Montgomery County, reported the taxable value of the same properties increased by 21.33% from last year. To view full calculations, visit www.mocotaxes.org for a copy of the Tax Rate Calculation Worksheet.