Page 123 - Southlake FY23 Budget

CITY PROFILE

City tax bill - ComPariSon

$4,000

$3,500

$3,000
$2,501
$2,500

DOLLARS $2,000

$1,500

$1,000

$500

$-

2021 Tax Year

This chart shows a comparison of the amount for city tax bill on an average valued home for FY 2022 (2021 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.

2021 2021
2021
2021
City Average Home City Tax Bill City Average Home City Tax Bill
Value Value
Allen $391,333 $1,830 Grapevine $380,720 $788
Arlington $229,224 $1,073 Hurst $239,562 $1,118
Bedford $266,550 $1,329 Keller $446,106 $1,379
Carrollton $250,937 $1,100 McKinney $378,077 $1,737
North Richland
Colleyville $621,692 $1,710 $276,805 $1,238
Hills
Coppell $449,248 $2,393 Plano $396,702 $1,408
Euless $251,750 $946 Richardson $301,606 $1,629
Farmers Branch $290,504 $1,269 University Park $1,739,537 $3,472
Flower Mound $464,229 $1,768 Southlake $819,029 $2,501
Frisco $476,442 $1,907

122 FY 2023 City of Southlake | BUDGET BOOK
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