Page 120 - Southlake FY24 Budget

Tax Rate Comparison

0.7

0.6

0.5

0.4 0.36
City Profile
Tax Rate 0.3

0.2

0.1

0

SOUTHLAKE'S FY 2024 PROPOSED TAX RATE OF $0.319

FY 2023

This chart shows the total FY 2023 ad valorem tax rate for each benchmark city. FY 2023 takes
place during the 2022 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 Total Tax Maintenance Debt Total Tax
City City
& Operations Service Rate & Operations Service Rate
Allen $0.3307 $0.0904 $0.4212 Grapevine $0.1436 $0.1280 $0.2717

Arlington $0.4030 $0.1968 $0.5998 Hurst $0.5137 $0.1002 $0.6140
Bedford $0.3674 $0.1282 $0.4957 Keller $0.2992 $0.0552 $0.3545
Carrollton $0.4127 $0.1452 $0.5625 McKinney $0.31179 $0.1456 $0.4574
Colleyville $0.2560 $0.0095 $0.2656 North Richland Hills $0.3270 $0.2002 $0.5273
Coppell $0.4418 $0.0768 $0.5187 University Park $0.2460 $- $0.2459
Euless $0.3708 $0.0891 $0.4600 Plano $0.3026 $0.1150 $0.4176
Farmers Branch $0.5308 $0.0581 $0.5890 Richardson $0.3431 $0.2177 $0.5609
Flower Mound $0.3608 $0.0441 $0.4050 Southlake $0.2950 $0.0650 $0.3600
Frisco $0.2909 $0.1556 $0.4466

120 FY 2024 City of Southlake | Budget Book