Page 123 - Southlake FY24 Budget

Ad Valorem Revenue Per Capita Comparison

1,200
$1,078

1,000 $935 $968
$850 City Profile

800

DOLLARS 600 $440 $451 $477 $520 $527 $527 $556 $573 $601 $603

400 $314 $327 $357 $406
$281

200

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FY 2023 Adopted Budget

This chart shows how Southlake stacks up against our benchmark cities in the amount of budgeted ad
valorem taxes per citizen in FY 2023. Southlake budgeted to collect $850 of ad valorem taxes per citizen,
which is on the high end of the scale. This is attributed to the higher average home value in Southlake
compared to the other benchmark cities.

FY 2023 Ad Valorem FY 2023 Ad Valorem
City City
Revenue (Budgeted) Revenue (Budgeted)
Allen $58,288,131 Grapevine $14,630,519
Arlington $125,399,016 Hurst $18,214,654
Bedford $20,252,240 Keller $20,253,665
Carrollton $71,216,876 McKinney $98,534,232
Colleyville $15,856,891 North Richland Hills $25,536,879
Coppell $41,777,458 Plano $151,129,938
Euless $19,774,934 Richardson $70,241,725
Farmers Branch $41,120,000 Southlake $26,990,927
Flower Mound $47,383,753 University Park $23,704,197
Frisco $114,514,003

FY 2024 City of Southlake | Budget Book 123