Page 120 - Southlake FY22 Budget
P. 120
CITY PrOFILE
CiTy PrOPerTy Tax Bill fOr average hOme
DEBT OPERATIONS
$413
$2,064
Total City tax bill for $793,970 home: $2,477
2021 Adopted Tax Rate $0.390000
2021 No New Revenue Tax Rate $0.397100
2021 Voter Approval Rate (Adjusted for unused increment rate) $0.435175
2021 Adopted Tax Rate $0.390000
Maintenance & Operations Component $0.325000
Debt Service Component $0.065000
Summary:
This year’s City tax bill for an average residential property:
$793,970 - 20% Homestead Exemption / $100 x $0.390000 = $2,477
Last year’s City tax bill for an average residential property:
$752,068 - 20% Homestead Exemption / $100 x $0.405000 = $2,437
BUDGET BOOK | FY 2022 City of Southlake 119
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