taxes Property Tax Assistance

2024 ISD Summary Worksheet

Mercedes ISD (all splits)   Hidalgo County  

108-Hidalgo/Hidalgo County

108-907/Mercedes ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 581,525,705 N/A 581,525,705 581,525,705
B - MULTIFAMILY 44,777,895 N/A 44,777,895 44,777,895
C1 - VACANT LOTS 52,134,155 N/A 52,134,155 52,134,155
C2 - COLONIA LOTS 23,856 N/A 23,856 23,856
D1 ACRES - QUALIFIED OPEN-SPACE LAND 7,713,840 N/A 7,713,840 7,713,840
D2 - FARM & RANCH IMP 1,715,044 N/A 1,715,044 1,715,044
E - NON-AG LAND AND IMPROVEMENTS 47,256,629 N/A 47,256,629 47,256,629
F1 - COMMERCIAL REAL 226,119,785 N/A 226,119,785 226,119,785
F2 - INDUSTRIAL REAL 3,351,420 N/A 3,351,420 3,351,420
G - ALL MINERALS 38,560 N/A 38,560 38,560
J - ALL UTILITIES 34,093,249 N/A 34,093,249 34,093,249
L1 - COMMERCIAL PERSONAL 86,043,359 N/A 86,043,359 86,043,359
L2 - INDUSTRIAL PERSONAL 5,245,897 N/A 5,245,897 5,245,897
M1 - MOBILE HOMES 5,458,840 N/A 5,458,840 5,458,840
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 3,608,609 N/A 3,608,609 3,608,609
S - SPECIAL INVENTORY 2,162,636 N/A 2,162,636 2,162,636
Subtotal 1,101,269,479 0 1,101,269,479 1,101,269,479
Less Total Deductions 330,690,246 0 330,690,246 330,690,246
Total Taxable Value 770,579,233 0 770,579,233 770,579,233

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's office 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 school 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

Measure Value Description
T1 894,338,026 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 770,579,233 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 894,338,026 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 770,579,233 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 945,743,026 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 980,013,026 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 781,571,868 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 894,338,026 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 770,579,233 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 894,338,026 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 770,579,233 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 945,743,026 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 980,013,026 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 781,571,868 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 123,758,793 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 51,405,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 34,270,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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108-907-02/Mercedes ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 581,525,705 N/A 581,525,705 581,525,705
B - MULTIFAMILY 44,777,895 N/A 44,777,895 44,777,895
C1 - VACANT LOTS 52,134,155 N/A 52,134,155 52,134,155
C2 - COLONIA LOTS 23,856 N/A 23,856 23,856
D1 ACRES - QUALIFIED OPEN-SPACE LAND 7,713,840 N/A 7,713,840 7,713,840
D2 - FARM & RANCH IMP 1,715,044 N/A 1,715,044 1,715,044
E - NON-AG LAND AND IMPROVEMENTS 47,256,629 N/A 47,256,629 47,256,629
F1 - COMMERCIAL REAL 226,119,785 N/A 226,119,785 226,119,785
F2 - INDUSTRIAL REAL 3,351,420 N/A 3,351,420 3,351,420
G - ALL MINERALS 38,560 N/A 38,560 38,560
J - ALL UTILITIES 34,093,249 N/A 34,093,249 34,093,249
L1 - COMMERCIAL PERSONAL 86,043,359 N/A 86,043,359 86,043,359
L2 - INDUSTRIAL PERSONAL 5,245,897 N/A 5,245,897 5,245,897
M1 - MOBILE HOMES 5,458,840 N/A 5,458,840 5,458,840
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 3,608,609 N/A 3,608,609 3,608,609
S - SPECIAL INVENTORY 2,162,636 N/A 2,162,636 2,162,636
Subtotal 1,101,269,479 1,101,269,479 1,101,269,479
Less Total Deductions 330,690,246 330,690,246 330,690,246
Total Taxable Value 770,579,233 770,579,233 770,579,233

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's office 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 school 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

Measure Value Description
T1 894,338,026 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 770,579,233 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 894,338,026 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 770,579,233 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 945,743,026 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 980,013,026 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 781,571,868 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 894,338,026 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 770,579,233 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 894,338,026 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 770,579,233 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 945,743,026 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 980,013,026 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 781,571,868 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 123,758,793 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 51,405,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 34,270,000 Loss to the third most recent increase in the state-mandated homestead exemption

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