Page 110 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

TAXABLE PROPERTY VALUES

TOTAL TAXABLE VALUATION*

The property value comparison for several fiscal years indicates continued growth in property values.
Over time, the certified tax roll values have increased steadily; however, 2021 values were relatively flat
over 2020. The reflected values include new property added to the roll as of January 1 of each year.
It’s important to note that as property values have risen, the City has adjusted the property tax rate to
provide tax relief to Southlake property owners.

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Fiscal Year Total Taxable Valuation Fiscal Year Total Taxable Valuation

2014 $5,494,514,119 2021 $7,768,644,007
2015 $5,680,109,441 2022 $8,220,731,143
2016 $5,785,322,918 2023 $9,064,721,083
2017 $6,368,901,046 2024 $10,564,623,953
2018 $6,662,494,784 2025 $11,275,255,717
2019 $7,286,898,962 2026 $11,718,045,212
2020 $7,769,729,082 2027 $11,649,319,978

*Net Southlake Tax Increment Reinvestment Zone #1

110 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 111