taxes Property Tax Assistance

2021 ISD Summary Worksheet

108-Hidalgo /Hidalgo County

108-907/Mercedes ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 390,983,428 0.9975 391,963,336 390,983,428
B - MULTIFAMILY 24,309,455 N/A 24,309,455 24,309,455
C1 - VACANT LOTS 29,204,803 N/A 29,204,803 29,204,803
C2 - COLONIA LOTS 11,760 N/A 11,760 11,760
D1 ACRES - QUALIFIED OPEN-SPACE LAND 7,492,278 1.0865 6,895,521 7,492,278
D2 - FARM & RANCH IMP 774,791 N/A 774,791 774,791
E - NON-AG LAND AND IMPROVEMENTS 31,601,502 N/A 31,601,502 31,601,502
F1 - COMMERCIAL REAL 200,622,674 1.0737 186,851,703 200,622,674
F2 - INDUSTRIAL REAL 2,794,186 N/A 2,794,186 2,794,186
G - ALL MINERALS 43,140 N/A 43,140 43,140
J - ALL UTILITIES 30,430,300 N/A 30,430,300 30,430,300
L1 - COMMERCIAL PERSONAL 71,591,100 1.0699 66,913,824 71,591,100
L2 - INDUSTRIAL PERSONAL 5,289,005 N/A 5,289,005 5,289,005
M1 - MOBILE HOMES 2,934,284 N/A 2,934,284 2,934,284
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,270,385 N/A 1,270,385 1,270,385
S - SPECIAL INVENTORY 1,937,978 N/A 1,937,978 1,937,978
Subtotal 801,291,069 0 783,225,973 801,291,069
Less Total Deductions 139,231,606 0 139,516,755 139,231,606
Total Taxable Value 662,059,463 0 643,709,218 662,059,463

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
692,820,049 662,059,463 692,820,049 662,059,463


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
30,760,586 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
692,820,049 662,059,463 692,820,049 662,059,463

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

108-907-02/Mercedes ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 390,983,428 0.9975 391,963,336 390,983,428
B - MULTIFAMILY 24,309,455 N/A 24,309,455 24,309,455
C1 - VACANT LOTS 29,204,803 N/A 29,204,803 29,204,803
C2 - COLONIA LOTS 11,760 N/A 11,760 11,760
D1 ACRES - QUALIFIED OPEN-SPACE LAND 7,492,278 1.0865 6,895,521 7,492,278
D2 - FARM & RANCH IMP 774,791 N/A 774,791 774,791
E - NON-AG LAND AND IMPROVEMENTS 31,601,502 N/A 31,601,502 31,601,502
F1 - COMMERCIAL REAL 200,622,674 1.0737 186,851,703 200,622,674
F2 - INDUSTRIAL REAL 2,794,186 N/A 2,794,186 2,794,186
G - ALL MINERALS 43,140 N/A 43,140 43,140
J - ALL UTILITIES 30,430,300 N/A 30,430,300 30,430,300
L1 - COMMERCIAL PERSONAL 71,591,100 1.0699 66,913,824 71,591,100
L2 - INDUSTRIAL PERSONAL 5,289,005 N/A 5,289,005 5,289,005
M1 - MOBILE HOMES 2,934,284 N/A 2,934,284 2,934,284
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,270,385 N/A 1,270,385 1,270,385
S - SPECIAL INVENTORY 1,937,978 N/A 1,937,978 1,937,978
Subtotal 801,291,069 783,225,973 801,291,069
Less Total Deductions 139,231,606 139,516,755 139,231,606
Total Taxable Value 662,059,463 643,709,218 662,059,463

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
692,820,049 662,059,463 692,820,049 662,059,463


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
30,760,586 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
692,820,049 662,059,463 692,820,049 662,059,463

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