Page 129 - Southlake FY22 Budget

CITY PrOFILE

CiTy Tax Bill - COmParisOn

$4,500

$4,000

$3,500

$3,000

$2,437
$2,500
DOLLARS $2,000

$1,500

$1,000

$500

$-

2020 Tax Year

This chart shows a comparison of the amount for city tax bill on an average valued home for FY 2021 (2020 tax year).
Southlake ranks at the top of this chart just behind University Park. This is in large part due to the high value of
residential property in Southlake and less to do with the tax rate. As shown on previous pages, Southlake ranks in the
lower third on the tax rate comparison and second to highest on the average home value comparison.

2020 2020
2020
2020
City Average Home City Tax Bill City Average Home City Tax Bill
Value Value
Allen $345,576 $1,676 Grapevine $366,652 $1,011
Arlington $214,509 $1,335 Hurst $225,484 $1,410
Bedford $252,183 $1,435 Keller $422,123 $1,667
Carrollton $272,649 $1,702 McKinney $321,449 $1,635
North Richland
Colleyville $598,244 $1,821 $259,035 $1,491
Hills
Coppell $389,394 $2,258 Plano $481,359 $1,274
Euless $239,418 $1,107 Richardson $280,549 $1,257
Farmers Branch $263,639 $1,553 University Park $1,480,359 $9,255
Flower Mound $438,328 $1,925 Southlake $752,068 $2,437
Frisco $444,889 $1,979

128 FY 2022 City of Southlake | BUDGET BOOK
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