taxes Property Tax Assistance

2022 ISD Summary Worksheet

108-Hidalgo /Hidalgo County

108-903/Edcouch-Elsa ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	403,141,125	0.8847	455,681,163	403,141,125
B - MULTIFAMILY	17,304,681	N/A	17,304,681	17,304,681
C1 - VACANT LOTS	23,836,558	N/A	23,836,558	23,836,558
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	4,678,403	1.1716	3,993,058	4,678,403
D2 - FARM & RANCH IMP	275,737	N/A	275,737	275,737
E - NON-AG LAND AND IMPROVEMENTS	32,865,901	0.7117	46,179,431	32,865,901
F1 - COMMERCIAL REAL	81,329,744	0.9088	89,491,356	81,329,744
F2 - INDUSTRIAL REAL	540,691	N/A	540,691	540,691
G - ALL MINERALS	5,752	N/A	5,752	5,752
J - ALL UTILITIES	15,545,352	N/A	15,545,352	15,545,352
L1 - COMMERCIAL PERSONAL	22,807,805	N/A	22,807,805	22,807,805
L2 - INDUSTRIAL PERSONAL	2,707,046	N/A	2,707,046	2,707,046
M1 - MOBILE HOMES	3,368,040	N/A	3,368,040	3,368,040
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	19,606	N/A	19,606	19,606
S - SPECIAL INVENTORY	354,471	N/A	354,471	354,471
Subtotal	608,780,912	0	682,110,747	608,780,912
Less Total Deductions	162,812,022	0	178,620,301	162,812,022
Total Taxable Value	445,968,890	0	503,490,446	445,968,890

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	T13
483,406,428	445,968,890	483,406,428	445,968,890	510,886,428

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
37,437,538	0	27,480,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
483,406,428	445,968,890	483,406,428	445,968,890	510,886,428

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR TWO OF THE GRACE PERIOD

108-903-02/Edcouch-Elsa ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	403,141,125	0.8847	455,681,163	403,141,125
B - MULTIFAMILY	17,304,681	N/A	17,304,681	17,304,681
C1 - VACANT LOTS	23,836,558	N/A	23,836,558	23,836,558
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	4,678,403	1.1716	3,993,058	4,678,403
D2 - FARM & RANCH IMP	275,737	N/A	275,737	275,737
E - NON-AG LAND AND IMPROVEMENTS	32,865,901	0.7117	46,179,431	32,865,901
F1 - COMMERCIAL REAL	81,329,744	0.9088	89,491,356	81,329,744
F2 - INDUSTRIAL REAL	540,691	N/A	540,691	540,691
G - ALL MINERALS	5,752	N/A	5,752	5,752
J - ALL UTILITIES	15,545,352	N/A	15,545,352	15,545,352
L1 - COMMERCIAL PERSONAL	22,807,805	N/A	22,807,805	22,807,805
L2 - INDUSTRIAL PERSONAL	2,707,046	N/A	2,707,046	2,707,046
M1 - MOBILE HOMES	3,368,040	N/A	3,368,040	3,368,040
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	19,606	N/A	19,606	19,606
S - SPECIAL INVENTORY	354,471	N/A	354,471	354,471
Subtotal	608,780,912		682,110,747	608,780,912
Less Total Deductions	162,812,022		178,620,301	162,812,022
Total Taxable Value	445,968,890		503,490,446	445,968,890

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	T13
483,406,428	445,968,890	483,406,428	445,968,890	510,886,428

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
37,437,538	0	27,480,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
483,406,428	445,968,890	483,406,428	445,968,890	510,886,428

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement