Page 122 - Southlake FY24 Budget

City Tax Bill Comparison

$4,000

$3,500

$3,000
$2,565
$2,500
City Profile
DOLLARS $2,000

$1,500

$1,000

$500

$-

FY 2022 Tax Year

This chart shows a comparison of the amount for city tax bill on an average valued home for FY 2023
(2022 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.

2022 2022
2022
2022
City Average Home City Tax Bill City Average Home City Tax Bill
Value Value
Allen $505,299 $1,828 Grapevine $436,636 $871
Arlington $265,240 $1,173 Hurst $270,281 $1,223
Bedford $303,277 $1,318 Keller $529,586 $1,359
Carrollton $300,860 $1,191 McKinney $496,438 $1,900
Colleyville $738,310 $1,726 North Richland Hills $316,532 $1,232
Coppell $533,206 $2,347 Plano $493,927 $1,413
Euless $287,000 $1,020 Richardson $382,249 $1,720
Farmers Branch $343,723 $1,438 University Park $2,004,962 $3,617
Flower Mound $574,679 $1,852 Southlake $987,616 $2,565
Frisco $639,565 $2,025

122 FY 2024 City of Southlake | Budget Book