Page 92 - Southlake FY24 Budget

Commercial Valuation Growth

ANNUAL VALUATION ADDED CUMULATIVE VALUATION
$1,400,000,000

$1,221,783,201
$1,200,000,000

$1,000,000,000
City Profile
VALUATION IN $ $800,000,000

$600,000,000

$400,000,000

$200,000,000
$34,048,093

$0

FISCAL YEAR

Source: Southlake Planning & Development Services
This chart maps the cumulative valuation of commercial growth and annual valuation added since 1998.
Increases in the commercial valuation of property leads to growth in the City’s tax base, which generates
more tax revenues for the City and sustains the level of service that citizens are accustomed to receiving.
As the City approaches build out, we expect to continue to see these numbers slow.

Annual Valuation Cumulative Annual Valuation Cumulative
Fiscal Year Fiscal Year
Added Valuation Added Added Valuation Added
1998 $17,385,841 $60,226,236 2011 $18,384,157 $456,073,685
1999 $7,705,640 $67,931,876 2012 $84,328,043 $540,401,728
2000 $51,466,379 $119,398,255 2013 $17,976,714 $538,378,442
2001 $18,258,838 $137,657,093 2014 $42,543,750 $600,922,192
2002 $14,168,938 $151,826,031 2015 $81,215,734 $682,137,926
2003 $6,852,381 $158,678,412 2016 $178,247,281 $860,385,207
2004 $17,105,540 $175,783,952 2017 $32,503,544 $892,888,751
2005 $47,347,107 $223,131,059 2018 $37,518,535 $930,407,286
2006 $33,921,357 $257,052,416 2019 $134,686,569 $1,065,093,855
2007 $43,757,408 $300,809,824 2020 $35,946,367 $1,101,040,222
2008 $29,651,556 $330,461,380 2021 $35,229,360 $1,136,269,582
2009 $39,463,638 $369,925,018 2022 $51,465,526 $1,87,735,108
2010 $67,764,510 $437,689,528 2023 (Through Q3) $34,048,093 $1,221,783,201

92 FY 2024 City of Southlake | Budget Book