Page 105 - Southlake FY20 Budget
P. 105
City Profile
City Property Tax Bill for Average Home
Debt Operations
$474
$1,956
Total City tax bill for $740,745 home: $2,430
2019 Proposed Tax Rate $0.410000
2019 Effective Tax Rate $0.421665
2019 Rollback Rate $0.473772
2019 Proposed Tax Rate $0.410000
Maintenance & Operations Component $0.330000
Debt Service Component $0.080000
Summary:
This year’s City tax bill for an average residential property:
$740,745 - 20% Homestead Exemption / $100 x $0.410000 = $2,430
Last year’s City tax bill for an average residential property:
$701,749 - 20% Homestead Exemption / $100 x $0.447000 = $2,509
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