taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

108/Hidalgo

108-907/Mercedes ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 247,577,530 N/A 247,577,530 247,577,530
B. Multi-Family Residences 13,006,579 N/A 13,006,579 13,006,579
C1. Vacant Lots 30,242,584 N/A 30,242,584 30,242,584
C2. Colonia Lots 66,397 N/A 66,397 66,397
D1. Rural Real(Taxable) 8,063,736 N/A 8,063,736 8,063,736
D2. Real Prop Farm & Ranch 872,303 N/A 872,303 872,303
E. Real Prop NonQual Acres 21,736,811 N/A 21,736,811 21,736,811
F1. Commercial Real 137,844,199 N/A 137,844,199 137,844,199
F2. Industrial Real 2,699,598 N/A 2,699,598 2,699,598
G. Oil, Gas, Minerals 187,780 N/A 187,780 187,780
J. Utilities 16,335,587 N/A 16,335,587 16,335,587
L1. Commercial Personal 76,655,189 N/A 76,655,189 76,655,189
L2. Industrial Personal 4,188,599 N/A 4,188,599 4,188,599
M. Other Personal 2,312,208 N/A 2,312,208 2,312,208
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,282,770 N/A 2,282,770 2,282,770
S. Special Inventory 716,160 N/A 716,160 716,160
Subtotal 564,788,030 564,788,030 564,788,030
Less Total Deductions 79,432,147   79,432,147 79,432,147
Total Taxable Value 485,355,883 485,355,883 485,355,883 T2

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
516,730,278 485,355,883 516,730,278 485,355,883 485,355,883 485,355,883


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
31,374,395 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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
516,730,278 485,355,883 516,730,278 485,355,883 485,355,883 485,355,883

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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified