Page 348 - Southlake FY24 Budget

Tax Rate Allocation

PROPERTY TAX

REVENUE ALLOCATION 2024

AMOUNT
Total Assessed Value 2024 $13,974,849,859
Less TIF Value (-) ($594,407,828)
Less Exemptions (-) (2,815,818,078)
Total Taxable Value (=) 10,564,623,953
Appendix
Proposed Tax Rate (X) 0.31900
Estimated Tax Levy (=) 33,701,150
Estimated Percent of Collections (X) 100.00%
Estimated Current Tax Collections (=) 33,701,150
Estimated Delinquent Collections,
Penalty, and Interest (+) 301,800
Estimated Available Funds (=) $34,002,950

TAX RATE DISTRIBUTION

GENERAL FUND RATE PERCENT TOTAL
Current $0.264 82.76% $27,890,607
Delinquent, penalty and interest (+) 250,000
Abatement (-) 0
Total General Fund (=) 28,140,607
DEBT SERVICE FUND
Current $0.05500 17.24% 5,810,543
Delinquent, penalty and interest (+) 51,800
Abatement (-) 0
Total Debt Service Fund (=) 5,862,343
Total General and Debt Service Funds $0.31900 100.00% $34,002,950

HISTORICAL TAX INFORMATION
DEBT
NET GENERAL SERVICE TOTAL
FISCAL TAXABLE FUND FUND TAX
YEAR VALUE (1) RATE RATE RATE
2023 $ 10,564,623,953 $ 0.26400 $ 0.06500 $ 0.32900
2023 $ 9,064,721,083 $ 0.29500 $ 0.06500 $ 0.36000
2022 $ 8,220,731,143 $ 0.32500 $ 0.06500 $ 0.39000
2021 $ 7,768,644,007 $ 0.33000 $ 0.07500 $ 0.40500
2020 $ 7,769,729,082 $ 0.33000 $ 0.08000 $ 0.41000

2019 $ 7,286,898,962 $ 0.35700 $ 0.09000 $ 0.44700
2018 $ 6,618,228,023 $ 0.36200 $ 0.10000 $ 0.46200
2017 $ 6,368,901,046 $ 0.36200 $ 0.10000 $ 0.46200

2016 $ 5,785,322,918 $ 0.36200 $ 0.10000 $ 0.46200

2015 $ 5,680,109,441 $ 0.34200 $ 0.12000 $ 0.46200

2014 $ 5,494,514,119 $ 0.34200 $ 0.12000 $ 0.46200
2013 $ 5,331,182,997 $ 0.34200 $ 0.12000 $ 0.46200
(1) Excluding TIF values

348 FY 2024 City of Southlake | Budget Book