Page 99 - Southlake FY22 Budget

CITY PrOFILE

COmmerCial valuaTiOn grOwTh

ANNUAL VALUATION ADDED CUMULATIVE VALUATION
$1,200,000,000
$1,128,935,222

$1,000,000,000

$800,000,000
$
IN
VALUATION $600,000,000

$400,000,000

$200,000,000
$27,895,000

$0

FISCAL YEAR
sOurCe: sOuThlake Planning & develOPmenT serviCes

This chart maps the cumulative valuation of commercial growth and annual valuation added since 1997. Increases in
the commercial valuation of property leads to growth in the City’s tax base, which generates more tax revenues for the
City and sustains the level of service that citizens are accustomed to receiving.

Annual Valuation Cumulative Valuation Annual Valuation Cumulative Valuation
Fiscal Year Fiscal Year
Added Added Added Added
1998 $17,385,841 $60,226,236 2010 $67,764,510 $437,689,528
1999 $7,705,640 $67,931,876 2011 $18,384,157 $456,073,685
2000 $51,466,379 $119,398,255 2012 $84,328,043 $540,401,728
2001 $18,258,838 $137,657,093 2013 $17,976,714 $558,378,442
2002 $14,168,938 $151,826,031 2014 $42,543,750 $600,922,192
2003 $6,852,381 $158,678,412 2015 $81,215,734 $682,137,926
2004 $17,105,540 $175,783,952 2016 $178,247,281 $860,385,207
2005 $47,347,107 $223,131,059 2017 $32,503,544 $892,888,751
2006 $33,921,357 $257,052,416 2018 $37,518,535 $930,407,286
2007 $43,757,408 $300,809,824 2019 $134,686,569 $1,065,093,855
2008 $29,651,556 $330,461,380 2020 $35,946,367 $1,101,040,222
2009 $39,463,638 $369,925,018 2021 (Through Q3) $27,895,000 $1,128,935,222

98 FY 2022 City of Southlake | BUDGET BOOK
WWW.CITYOFSOUTHLAKE.COM