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ceiling reduction
2022 ISD Summary Worksheet
108-Hidalgo /Hidalgo County
108-907/Mercedes ISD
| Category | Local Tax Roll Value | 2022 WTD Mean Ratio | 2022 PTAD Value Estimate | 2022 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 460,683,938 | N/A | 460,683,938 | 460,683,938 |
| B - MULTIFAMILY | 31,215,173 | N/A | 31,215,173 | 31,215,173 |
| C1 - VACANT LOTS | 29,576,341 | N/A | 29,576,341 | 29,576,341 |
| C2 - COLONIA LOTS | 11,760 | N/A | 11,760 | 11,760 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 7,607,077 | N/A | 7,607,077 | 7,607,077 |
| D2 - FARM & RANCH IMP | 1,083,121 | N/A | 1,083,121 | 1,083,121 |
| E - NON-AG LAND AND IMPROVEMENTS | 36,317,641 | N/A | 36,317,641 | 36,317,641 |
| F1 - COMMERCIAL REAL | 199,632,969 | N/A | 199,632,969 | 199,632,969 |
| F2 - INDUSTRIAL REAL | 2,846,827 | N/A | 2,846,827 | 2,846,827 |
| G - ALL MINERALS | 46,030 | N/A | 46,030 | 46,030 |
| J - ALL UTILITIES | 30,962,500 | N/A | 30,962,500 | 30,962,500 |
| L1 - COMMERCIAL PERSONAL | 72,133,623 | N/A | 72,133,623 | 72,133,623 |
| L2 - INDUSTRIAL PERSONAL | 4,029,084 | N/A | 4,029,084 | 4,029,084 |
| M1 - MOBILE HOMES | 3,238,572 | N/A | 3,238,572 | 3,238,572 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 100,453 | N/A | 100,453 | 100,453 |
| S - SPECIAL INVENTORY | 2,979,687 | N/A | 2,979,687 | 2,979,687 |
| Subtotal | 882,464,796 | 0 | 882,464,796 | 882,464,796 |
| Less Total Deductions | 189,607,465 | 0 | 189,607,465 | 189,607,465 |
| Total Taxable Value | 692,857,331 | 0 | 692,857,331 | 692,857,331 |
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 |
|---|---|---|---|---|
| 735,338,876 | 692,857,331 | 735,338,876 | 692,857,331 | 767,798,876 |
| 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 |
|---|---|---|
| 42,481,545 | 0 | 32,460,000 |
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 |
|---|---|---|---|---|
| 735,338,876 | 692,857,331 | 735,338,876 | 692,857,331 | 767,798,876 |
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 TO BE VALID, AND LOCAL VALUE WAS CERTIFIED
108-907-02/Mercedes ISD
| Category | Local Tax Roll Value | 2022 WTD Mean Ratio | 2022 PTAD Value Estimate | 2022 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 460,683,938 | N/A | 460,683,938 | 460,683,938 |
| B - MULTIFAMILY | 31,215,173 | N/A | 31,215,173 | 31,215,173 |
| C1 - VACANT LOTS | 29,576,341 | N/A | 29,576,341 | 29,576,341 |
| C2 - COLONIA LOTS | 11,760 | N/A | 11,760 | 11,760 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 7,607,077 | N/A | 7,607,077 | 7,607,077 |
| D2 - FARM & RANCH IMP | 1,083,121 | N/A | 1,083,121 | 1,083,121 |
| E - NON-AG LAND AND IMPROVEMENTS | 36,317,641 | N/A | 36,317,641 | 36,317,641 |
| F1 - COMMERCIAL REAL | 199,632,969 | N/A | 199,632,969 | 199,632,969 |
| F2 - INDUSTRIAL REAL | 2,846,827 | N/A | 2,846,827 | 2,846,827 |
| G - ALL MINERALS | 46,030 | N/A | 46,030 | 46,030 |
| J - ALL UTILITIES | 30,962,500 | N/A | 30,962,500 | 30,962,500 |
| L1 - COMMERCIAL PERSONAL | 72,133,623 | N/A | 72,133,623 | 72,133,623 |
| L2 - INDUSTRIAL PERSONAL | 4,029,084 | N/A | 4,029,084 | 4,029,084 |
| M1 - MOBILE HOMES | 3,238,572 | N/A | 3,238,572 | 3,238,572 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 100,453 | N/A | 100,453 | 100,453 |
| S - SPECIAL INVENTORY | 2,979,687 | N/A | 2,979,687 | 2,979,687 |
| Subtotal | 882,464,796 | 882,464,796 | 882,464,796 | |
| Less Total Deductions | 189,607,465 | 189,607,465 | 189,607,465 | |
| Total Taxable Value | 692,857,331 | 692,857,331 | 692,857,331 |
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 |
|---|---|---|---|---|
| 735,338,876 | 692,857,331 | 735,338,876 | 692,857,331 | 767,798,876 |
| 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 |
|---|---|---|
| 42,481,545 | 0 | 32,460,000 |
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 |
|---|---|---|---|---|
| 735,338,876 | 692,857,331 | 735,338,876 | 692,857,331 | 767,798,876 |
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 taxceiling 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