Page 135 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

CITY PROPERTY TAX BILL FOR AVERAGE HOME

City Profile
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*Total City tax bill for $1,085,031 home: $2,517

*For illustration purposes. Includes only
Southlake homestead exemption

FY 2027 Adopted Tax Rate.........................................................................................................................................$0.290000
FY 2027 No-New-Revenue Tax Rate..........................................................................................................................$0.301616
FY 2027 Voter-Approval Rate (Adjusted for unused increment rate)......................................................$0.377378

Maintenance & Operations Component................................................................................................................$0.235000
Debt Service Component.............................................................................................................................................$0.055000

Summary:
This year’s City tax bill for an average residential property:
$1,085,031- 20% Homestead Exemption / $100 x $0.290000 = $2,517

Last year’s City tax bill for an average residential property:
$1,138,431 - 20% Homestead Exemption / $100 x $0.295000 = $2,687

FY 2027 City of Southlake | Budget Book 135