Page 114 - Southlake FY23 Budget

CITY PROFILE

City ProPerty tax bill for aVerage home

DEBT OPERATIONS
$459

$2,082

Total City tax bill for $882,302 home: $2,541

FY 2023 Proposed Tax Rate $0.360000
FY 2023 No New Revenue Tax Rate $0.364058

FY 2023 Voter Approval Rate (Adjusted for unused increment rate) $0.456923

FY 2023 Proposed Tax Rate $0.360000

Maintenance & Operations Component $0.295000
Debt Service Component $0.065000

Summary:
This year’s City tax bill for an average residential property:
$882,302 - 20% Homestead Exemption / $100 x $0.360000 = $2,541

Last year’s City tax bill for an average residential property:
$793,970 - 20% Homestead Exemption / $100 x $0.390000 = $2,447

BUDGET BOOK | FY 2023 City of Southlake 113
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