Page 126 - CityofSouthlakeFY25AdoptedBudget

Tax Rate Comparison
(FY 2024)

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FY 2024

This chart shows the total FY 2024 ad valorem tax rate for each benchmark city. FY 2024 takes place during
the 2023 tax year. Southlake’s total tax rate trends towards the lower third of this chart, demonstrating that
the City’s tax rate is competitive when compared to the total tax rates of the other benchmark municipalities.

Maintenance Debt Total Tax Maintenance Debt Total Tax
City City
& Operations Service Rate & Operations Service Rate
Allen $0.3231 $0.0973 $0.4205 Grapevine $0.1363 $0.1142 $0.2505

Arlington $0.4080 $0.1818 $0.5898 Hurst $0.4955 $0.0855 $0.5811
Bedford $0.3518 $0.1438 $0.4957 Keller $0.2604 $0.0515 $0.3120
Carrollton $0.4085 $0.1452 $0.5537 McKinney $0.2866 $0.1408 $0.4275
Colleyville $0.2513 $0.0095 $0.2609 North Richland Hills $0.3135 $0.1758 $0.4893
Coppell $0.4216 $0.0701 $0.4918 University Park $0.2362 $- $0.2362
Euless $0.3626 $0.0948 $0.4575 Plano $0.3026 $0.1150 $0.4176
Farmers Branch $0.5203 $0.0486 $0.5690 Richardson $0.3431 $0.2177 $0.5609
Flower Mound $0.3483 $0.0389 $0.3873 Southlake $0.2640 $0.0550 $0.3190
Frisco $0.2892 $0.1429 $0.4322

126 FY 2025 City of Southlake | Budget Book