Page 113 - Southlake FY24 Budget
P. 113
City Property Tax Bill for Average Home
DEBT OPERATIONS
$443
City Profile
$2,128
Total City tax bill for $1,000,394 home: $2,571
FY 2024 Adopted Tax Rate ............................................................................................................................................$0.319000
FY 2024 No New Revenue Tax Rate............................................................................................................................$0.319375
FY 2024 Voter Approval Rate (Adjusted for unused increment rate)........................................................$0.341875
FY 2024 Adopted Tax Rate ............................................................................................................................................ $0.319000
Maintenance & Operations Component....................................................................................................................$0.264000
Debt Service Component.................................................................................................................................................$0.055000
Summary:
This year’s City tax bill for an average residential property:
$1,000,394 - 20% Homestead Exemption / $100 x $0.319000 = $2,571
Last year’s City tax bill for an average residential property:
$882,302 - 20% Homestead Exemption / $100 x $0.360000 = $2,541
FY 2024 City of Southlake | Budget Book 113
