taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

108/Hidalgo

108-913/Weslaco ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 1,259,136,944 1.0026 1,255,871,678 1,259,136,944
B. Multi-Family Residences 67,807,473 N/A 67,807,473 67,807,473
C1. Vacant Lots 120,615,275 1.0131 119,055,646 120,615,275
C2. Colonia Lots 118,925 N/A 118,925 118,925
D1. Rural Real(Taxable) 6,546,924 .9182 7,130,398 6,546,924
D2. Real Prop Farm & Ranch 204,170 N/A 204,170 204,170
E. Real Prop NonQual Acres 53,146,993 N/A 53,146,993 53,146,993
F1. Commercial Real 535,672,915 1.0125 529,059,669 535,672,915
F2. Industrial Real 10,862,047 N/A 10,862,047 10,862,047
G. Oil, Gas, Minerals 2,598,670 N/A 2,598,670 2,598,670
J. Utilities 37,835,218 N/A 37,835,218 37,835,218
L1. Commercial Personal 177,936,697 1.0157 175,186,273 177,936,697
L2. Industrial Personal 45,169,992 N/A 45,169,992 45,169,992
M. Other Personal 64,480,068 N/A 64,480,068 64,480,068
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 13,676,526 N/A 13,676,526 13,676,526
S. Special Inventory 22,231,409 N/A 22,231,409 22,231,409
Subtotal 2,418,040,246 2,404,435,155 2,418,040,246
Less Total Deductions 368,156,280   367,445,826 368,156,280
Total Taxable Value 2,049,883,966 2,036,989,329 2,049,883,966 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
2,151,592,746 2,049,883,966 2,151,592,746 2,049,883,966


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
101,708,780 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
2,151,592,746 2,049,883,966 2,151,592,746 2,049,883,966

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