Page 355 - CityofSouthlakeFY25AdoptedBudget

Tax Rate Allocation

PROPERTY TAX

REVENUE ALLOCATION 2025

AMOUNT
Total Assessed Value 2024 $14,910,666,581 Appendix
Less TIF Value (-) ($600,347,161)
Less Exemptions (-) (3,035,163,703)
Total Taxable Value (=) 11,275,155,717
Proposed Tax Rate (X) 0.30500
Estimated Tax Levy (=) 34,389,225
Estimated Percent of Collections (X) 100.00%
Estimated Current Tax Collections (=) 34,389,225
Estimated Delinquent Collections,
Penalty, and Interest (+) 351,800
Estimated Available Funds (=) $34,741,025

TAX RATE DISTRIBUTION

GENERAL FUND RATE PERCENT TOTAL
Current $0.250 81.97% $28,187,889
Delinquent, penalty and interest (+) 300,000
Abatement (-) 0
Total General Fund (=) 28,487,889
DEBT SERVICE FUND
Current $0.05500 18.03% 6,201,336
Delinquent, penalty and interest (+) 51,800
Abatement (-) 0
Total Debt Service Fund (=) 6,253,136
Total General and Debt Service Funds $0.30500 100.00% $34,741,025

HISTORICAL TAX INFORMATION
DEBT
NET GENERAL SERVICE TOTAL
FISCAL TAXABLE FUND FUND TAX
YEAR VALUE (1) RATE RATE RATE
2025 $ 11,275,155,717 $ 0.25000 $ 0.05500 $ 0.30500

2024 $ 10,564,623,953 $ 0.26400 $ 0.05500 $ 0.31900

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

(1) Excluding TIF values

FY 2025 City of Southlake | Budget Book 355