Page 435 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS
TAX RATE ALLOCATION

PROPERTY TAX

REVENUE ALLOCATION 2027

AMOUNT
Total Assessed Value 2026 $15,364,151,401 Appendix
Less TIF Value (-) ($643,241,626)
Less Exemptions (-) (3,071,589,797)
Total Taxable Value (=) 11,649,319,978
Proposed Tax Rate (X) 0.29000
Estimated Tax Levy (=) 33,783,028
Estimated Percent of Collections (X) 100.00%
Estimated Current Tax Collections (=) 33,783,028
Estimated Loss- Senior Tax Freeze (-) (810,945)
Estimated Delinquent Collections,
Penalty, and Interest (+) 351,800
Estimated Available Funds (=) $33,323,883

TAX RATE DISTRIBUTION

GENERAL FUND RATE PERCENT TOTAL
Current $0.235 81.03% $27,375,902
Delinquent, penalty and interest (+) 300,000
Senior Tax Freeze (-) (657,145)
Total General Fund (=) 27,018,757
DEBT SERVICE FUND
Current $0.05500 18.97% 6,407,126
Delinquent, penalty and interest (+) 51,800
Senior Tax Freeze (-) (153,800)
Total Debt Service Fund (=) 6,305,126
Total General and Debt Service Funds $0.29000 100.00% $33,323,883

HISTORICAL TAX INFORMATION
DEBT
NET GENERAL SERVICE TOTAL
FISCAL TAXABLE FUND FUND TAX
YEAR VALUE (1) RATE RATE RATE
2027 $ 11,649,319,978 $ 0.23500 $ 0.05500 $ 0.29000
2026 $ 11,718,045,212 $ 0.24000 $ 0.05500 $ 0.29500
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

(1) Excluding TIF values

FY 2027 City of Southlake | Budget Book 435