Page 475 - Southlake FY23 Budget
P. 475

APPEnDIx

                                   TAx RATE ALLOCATIOn






                                           PROPERTY TAX
                                         REVENUE ALLOCATION 2023

                                                                                     AMOUNT
                Total Assessed Value 2021                                      $12,177,275,938
                Less TIF Value                                        (-)        ($534,104,216)
                Less Exemptions                                       (-)        (2,578,450,639)
                Total Taxable Value                                   (=)        9,064,721,083
                Proposed Tax Rate                                     (X)             0.36000
                Estimated Tax Levy                                    (=)          32,632,996
                Estimated Percent of Collections                      (X)             100.00%
                Estimated Current Tax Collections                     (=)          32,632,996
                Estimated Delinquent Collections,
                   Penalty, and Interest                              (+)             301,800
                Estimated Available Funds                             (=)          $32,934,796



                                          TAX RATE DISTRIBUTION

                GENERAL FUND                              RATE     PERCENT             TOTAL
                     Current                                $0.295     81.94%      $26,740,927
                     Delinquent, penalty and interest                 (+)             250,000
                     Abatement                                        (-)                  0
                Total General Fund                                    (=)          26,990,927
                DEBT SERVICE FUND
                     Current                              $0.06500     18.06%       5,892,069
                     Delinquent, penalty and interest                 (+)              51,800
                     Abatement                                        (-)                  0
                Total Debt Service Fund                               (=)           5,943,869
                Total General and Debt Service  Funds     $0.36000    100.00%      $32,934,796


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



                      2023      $                         9,064,721,083  $         0.29500  $       0.06500  $                  0.36000
                      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
   474    FY 2023 City of Southlake  |  BUDGET BOOK
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