taxes Property Tax Assistance

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 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