taxes Property Tax Assistance

2019 ISD Summary Worksheet

108-Hidalgo

108-907/Mercedes ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 297,775,962 0.8157 365,055,734 365,055,734
B. MULTIFAMILY RESIDENCES 17,179,190 N/A 17,179,190 17,179,190
C1. VACANT LOTS 30,705,258 N/A 30,705,258 30,705,258
C2. COLONIA LOTS 11,760 N/A 11,760 11,760
D1. QUALIFIED AG LAND 7,698,483 1.0150 7,584,399 7,584,399
D2. REAL PROP:FARM & RANCH 753,560 N/A 753,560 753,560
E. REAL PROP NONQUAL ACREAGE 24,967,350 N/A 24,967,350 24,967,350
F1. COMMERCIAL REAL 199,706,155 0.8573 232,947,807 232,947,807
F2. INDUSTRIAL REAL 2,900,542 N/A 2,900,542 2,900,542
G. OIL,GAS,MINERALS 72,380 N/A 72,380 72,380
J. UTILITIES 28,549,736 N/A 28,549,736 28,549,736
L1. COMMERCIAL PERSONAL 65,420,106 1.0940 59,799,000 59,799,000
L2. INDUSTRIAL PERSONAL 4,705,028 N/A 4,705,028 4,705,028
M. MOBILE HOMES 1,881,268 N/A 1,881,268 1,881,268
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 2,855,935 N/A 2,855,935 2,855,935
S. SPECIAL INVENTORY 1,428,530 N/A 1,428,530 1,428,530
Subtotal 686,611,243 0 781,397,477 781,397,477
Less Total Deductions 107,695,463 0 125,446,523 125,446,523
Total Taxable Value 578,915,780 0 655,950,954 655,950,954

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302(J) AND(K) require the Comptroller to certify alternative measures of school district wealth.These measures are reported for taxable values for maintenance and operation(M & O) tax purposes and for interest and sinking fund(I & S) tax purposes.For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
685,501,075 655,950,954 685,501,075 655,950,954


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
29,550,121 0


T1 = School district taxable value for M & O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the additional $10,000 homestead exemption and the tax ceiling reduction


T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I & S Purposes

T7 T8 T9 T10
685,501,075 655,950,954 685,501,075 655,950,954

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 homestead exemption and the tax
ceiling reduction


T9 = T7 minus 50 % of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50 % of the loss to the local optional percentage homestead exemption

THE PVS FOUND YOUR TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

108-907-02/Mercedes ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 297,775,962 0.8157 365,055,734 365,055,734
B. MULTIFAMILY RESIDENCES 17,179,190 N/A 17,179,190 17,179,190
C1. VACANT LOTS 30,705,258 N/A 30,705,258 30,705,258
C2. COLONIA LOTS 11,760 N/A 11,760 11,760
D1. QUALIFIED AG LAND 7,698,483 1.0150 7,584,399 7,584,399
D2. REAL PROP:FARM & RANCH 753,560 N/A 753,560 753,560
E. REAL PROP NONQUAL ACREAGE 24,967,350 N/A 24,967,350 24,967,350
F1. COMMERCIAL REAL 199,706,155 0.8573 232,947,807 232,947,807
F2. INDUSTRIAL REAL 2,900,542 N/A 2,900,542 2,900,542
G. OIL,GAS,MINERALS 72,380 N/A 72,380 72,380
J. UTILITIES 28,549,736 N/A 28,549,736 28,549,736
L1. COMMERCIAL PERSONAL 65,420,106 1.0940 59,799,000 59,799,000
L2. INDUSTRIAL PERSONAL 4,705,028 N/A 4,705,028 4,705,028
M. MOBILE HOMES 1,881,268 N/A 1,881,268 1,881,268
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 2,855,935 N/A 2,855,935 2,855,935
S. SPECIAL INVENTORY 1,428,530 N/A 1,428,530 1,428,530
Subtotal 686,611,243 781,397,477 781,397,477
Less Total Deductions 107,695,463 125,446,523 125,446,523
Total Taxable Value 578,915,780 655,950,954 655,950,954

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302(J) AND(K) require the Comptroller to certify alternative measures of school district wealth.These measures are reported for taxable values for maintenance and operation(M & O) tax purposes and for interest and sinking fund(I & S) tax purposes.For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

Value Taxable For M & O Purposes

T1 T2 T3 T4
685,501,075 655,950,954 685,501,075 655,950,954


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
29,550,121 0


T1 = School district taxable value for M & O purposes before the loss to the additional $10, 000 homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the additional $10, 000 homestead exemption and the tax ceiling reduction


T3 = T1 minus 50 % of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50 % of the loss to the local optional percentage homestead exemption

Value Taxable For I & S Purposes

T7 T8 T9 T10
685,501,075 655,950,954 685,501,075 655,950,954

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50 % of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50 % of the loss to the local optional percentage homestead exemption