Page 130 - CityofSouthlakeFY26AdoptedBudget
P. 130
City Property Tax Bill for Average Home
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City Profile
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Total City tax bill for $1,138,431 home: $2,687
FY 2026 Proposed Tax Rate.......................................................................................................................................$0.295000
FY 2026 No New Revenue Tax Rate.......................................................................................................................$0.274049
FY 2026 Voter Approval Rate (Adjusted for unused increment rate)....................................................$0.364506
Maintenance & Operations Component...............................................................................................................$0.240000
Debt Service Component............................................................................................................................................$0.055000
Summary:
This year’s City tax bill for an average residential property:
$1,138,431 - 20% Homestead Exemption / $100 x $0.295000 = $2,687
Last year’s City tax bill for an average residential property:
$1,094,414 - 20% Homestead Exemption / $100 x $0.305000 = $2,670
130 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 131
