Page 93 - Southlake FY23 Budget

CITY PROFILE

CommerCial Valuation growth

ANNUAL VALUATION ADDED CUMULATIVE VALUATION
$1,400,000,000

$1,205,800,753
$1,200,000,000

$1,000,000,000

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

$400,000,000

$200,000,000
$69,531,171

$0

FISCAL YEAR
SourCe: Southlake Planning & DeVeloPment SerViCeS

This chart maps the cumulative valuation of commercial growth and annual valuation added since 1998. 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. As the City approaches build out,
we expect to continue to see these numbers slow.

Annual Valuation Cumulative Valuation Annual Valuation Cumulative Valuation
Fiscal Year Fiscal Year
Added Added Added Added
1998 $17,385,841 $60,226,236 2011 $18,384,157 $456,073,685
1999 $7,705,640 $67,931,876 2012 $84,328,043 $540,401,728
2000 $51,466,379 $119,398,255 2013 $17,976,714 $538,378,442
2001 $18,258,838 $137,657,093 2014 $42,543,750 $600,922,192
2002 $14,168,938 $151,826,031 2015 $81,215,734 $682,137,926
2003 $6,852,381 $158,678,412 2016 $178,247,281 $860,385,207
2004 $17,105,540 $175,783,952 2017 $32,503,544 $892,888,751
2005 $47,347,107 $223,131,059 2018 $37,518,535 $930,407,286
2006 $33,921,357 $257,052,416 2019 $134,686,569 $1,065,093,855
2007 $43,757,408 $300,809,824 2020 $35,946,367 $1,101,040,222
2008 $29,651,556 $330,461,380 2021 $35,229,360 $1,136,269,582
2009 $39,463,638 $369,925,018 2022 (Through Q3) $69,531,171 $1,205,800,753
2010 $67,764,510 $437,689,528

92 FY 2023 City of Southlake | BUDGET BOOK
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