In 2019, the Texas Legislature passed the Texas Property Tax Reform and Transparency Act. The  term “effective tax rate” was updated to the new term “no-new-revenue rate”. Simply stated, when a taxing entity adopts a no-new-revenue rate, it agrees it will not increase property tax (ad valorem) above what is required to service its debt, operations and maintenance without notice to the public. Taxing entities that adopt a rate above the no-new-revenue rate must adhere to specific stipulations outlined by Texas law. Residential and business properties are subject to taxes assessed by: 

City of Shenandoah

Montgomery County

Montgomery Cty Hospital Dist.

Conroe ISD

Lone Star College

According to the Texas Comptroller’s website, the no-new-revenue tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year, based on a tax rate that would produce the same amount of taxes if applied to the same properties taxed in both years.