Page 121 - Southlake FY23 Budget

CITY PROFILE

tax rate - ComPariSon

0.7

0.6

0.5

0.4 0.39
Tax Rate 0.3

0.2

0.1

0

SOUTHLAKE'S FY 2023 PROPOSED TAX RATE OF $0.36

FY 2022

This chart shows the total FY 2022 ad valorem tax rate for each benchmark city. FY 2022 takes place during the 2021
tax year. Southlake’s total tax rate trends towards the lower third of this chart, demonstrating that the City’s tax rate
is competitive when compared to the total tax rates of the other benchmark municipalities.

Maintenance Debt Maintenance Debt
City Total Tax Rate City Total Tax Rate
& Operations Service & Operations Service
Allen $0.3687 $0.1012 $0.4700 Grapevine $0.1404 $0.1313 $0.2718
Arlington $0.4098 $0.2100 $0.6198 Hurst $0.5167 $0.1083 $0.6251
Bedford $0.3869 $0.1650 $0.5520 Keller $0.3360 $0.0589 $0.3950
Carrollton $0.4428 $0.1396 $0.5825 McKinney $0.3455 $0.1521 $0.4976
North Richland
Colleyville $0.2807 $0.0111 $0.2917 $0.3370 $0.2233 $0.5603
Hills
Coppell $0.4722 $0.1077 $0.5800 University Park $0.2643 $- $0.2643
Euless $0.4028 $0.0721 $0.4750 Plano $0.3330 $0.1135 $0.4465
Farmers $0.5272 $0.0617 $0.5890 Richardson $0.3772 $0.2379 $0.6151
Branch
Flower Mound $0.3506 $0.0543 $0.4050 Southlake $0.3250 $0.0650 $0.3900
Frisco $0.2952 $0.1513 $0.4466

120 FY 2023 City of Southlake | BUDGET BOOK
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