Page 119 - CityofSouthlakeFY25AdoptedBudget
P. 119
City Property Tax Bill for Average Home
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City Profile
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Total City tax bill for $1,094,414 home: $2,670
FY 2025 Adopted Tax Rate ............................................................................................................................................$0.305000
FY 2025 No New Revenue Tax Rate............................................................................................................................$0.305956
FY 2025 Voter Approval Rate (Adjusted for unused increment rate)........................................................$0.332695
Maintenance & Operations Component....................................................................................................................$0.250000
Debt Service Component.................................................................................................................................................$0.055000
Summary:
This year’s City tax bill for an average residential property:
$1,094,414 - 20% Homestead Exemption / $100 x $0.305000 = $2,670
Last year’s City tax bill for an average residential property:
$1,007,394 - 20% Homestead Exemption / $100 x $0.319000 = $2,571
FY 2025 City of Southlake | Budget Book 119
