taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

108/Hidalgo

108-907/Mercedes ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 247,292,248 .9223 268,125,608 247,292,248
B. Multi-Family Residences 13,211,881 N/A 13,211,881 13,211,881
C1. Vacant Lots 29,238,596 .9669 30,239,524 29,238,596
C2. Colonia Lots 43,999 N/A 43,999 43,999
D1. Rural Real(Taxable) 8,229,508 .9332 8,818,120 8,229,508
D2. Real Prop Farm & Ranch 769,564 N/A 769,564 769,564
E. Real Prop NonQual Acres 19,069,165 N/A 19,069,165 19,069,165
F1. Commercial Real 140,174,974 .9875 141,949,341 140,174,974
F2. Industrial Real 2,683,234 N/A 2,683,234 2,683,234
G. Oil, Gas, Minerals 66,380 N/A 66,380 66,380
J. Utilities 16,216,871 N/A 16,216,871 16,216,871
L1. Commercial Personal 73,826,244 1.0338 71,412,501 73,826,244
L2. Industrial Personal 4,121,306 N/A 4,121,306 4,121,306
M. Other Personal 2,061,896 N/A 2,061,896 2,061,896
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,271,349 N/A 2,271,349 2,271,349
S. Special Inventory 617,757 N/A 617,757 617,757
Subtotal 559,894,972 581,678,496 559,894,972
Less Total Deductions 98,305,972   103,779,106 98,305,972
Total Taxable Value 461,589,000 477,899,390 461,589,000 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
489,752,212 461,589,000 489,752,212 461,589,000


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
28,163,212 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
489,752,212 461,589,000 489,752,212 461,589,000

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

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