DeSoto FY21-FY22 Budget Book

Revenue Per Capita

$1,200.00

$1,000.00

$800.00

$600.00

$400.00

$200.00

$-

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

3. Revenue Elements:

3.1 Property Tax Revenue: The value of property in the City of DeSoto has appreciated substantially in the past 10 years, nearly doubling from $2,795,486,741 in 2012 to $5,438,190,247 in 2021. Significantly, it increased by over 15% in each of the last two years. However, with interest rates projected to spike over the next year, future increases are likely to be much more modest.

6500

Total Taxable Value of DeSoto Real Property

6000

5500

5000

4500

4000

3500

3000

2500

2000

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

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