Page 537 - Southlake FY22 Budget

APPEnDIX

TAX rATE ALLOCATIOn

PROPERTY TAX
REVENUE ALLOCATION 2022

AMOUNT
Total Assessed Value 2021 $11,138,315,427
Less TIF Value (-) ($508,142,995)
Less Exemptions (-) (2,409,441,289)
Total Taxable Value (=) 8,220,731,143
Proposed Tax Rate (X) 0.39000
Estimated Tax Levy (=) 32,060,851
Estimated Percent of Collections (X) 100.00%
Estimated Current Tax Collections (=) 32,060,851
Estimated Delinquent Collections,
Penalty, and Interest (+) 301,800
Estimated Available Funds (=) $32,362,651

TAX RATE DISTRIBUTION

GENERAL FUND RATE PERCENT TOTAL
Current $0.325 83.33% $26,717,376
Delinquent, penalty and interest (+) 250,000
Incentive payments (-) 305,000
Abatement (-) 0
Total General Fund (=) 26,662,376
DEBT SERVICE FUND
Current $0.06500 16.67% 5,343,475
Delinquent, penalty and interest (+) 51,800
Abatement (-) 0
Total Debt Service Fund (=) 5,395,275
Total General and Debt Service Funds $0.39000 100.00% $32,057,651

HISTORICAL TAX INFORMATION
DEBT
NET GENERAL SERVICE TOTAL
FISCAL TAXABLE FUND FUND TAX
YEAR VALUE (1) RATE RATE RATE

2022 $ 8,220,731,143 $ 0.32500 $ 0.06500 $ 0.39000
2021 $ 7,768,644,007 $ 0.33000 $ 0.07500 $ 0.40500

2020 $ 7,769,729,082 $ 0.33000 $ 0.08000 $ 0.41000

2019 $ 7,286,898,962 $ 0.35700 $ 0.09000 $ 0.44700

2018 $ 6,618,228,023 $ 0.36200 $ 0.10000 $ 0.46200

2017 $ 6,368,901,046 $ 0.36200 $ 0.10000 $ 0.46200

2016 $ 5,785,322,918 $ 0.36200 $ 0.10000 $ 0.46200
2015 $ 5,680,109,441 $ 0.34200 $ 0.12000 $ 0.46200
2014 $ 5,494,514,119 $ 0.34200 $ 0.12000 $ 0.46200

2013 $ 5,331,182,997 $ 0.34200 $ 0.12000 $ 0.46200

2012 $ 5,290,518,261 $ 0.33200 $ 0.13000 $ 0.46200
(1) Excluding TIF values

536 FY 2022 City of Southlake | BUDGET BOOK
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