taxes Property Tax Assistance

2022 ISD Summary Worksheet

108-Hidalgo/Hidalgo County

108-907/Mercedes ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	460,683,938	N/A	460,683,938	460,683,938
B - MULTIFAMILY	31,215,173	N/A	31,215,173	31,215,173
C1 - VACANT LOTS	29,576,341	N/A	29,576,341	29,576,341
C2 - COLONIA LOTS	11,760	N/A	11,760	11,760
D1 ACRES - QUALIFIED OPEN-SPACE LAND	7,607,077	N/A	7,607,077	7,607,077
D2 - FARM & RANCH IMP	1,083,121	N/A	1,083,121	1,083,121
E - NON-AG LAND AND IMPROVEMENTS	36,317,641	N/A	36,317,641	36,317,641
F1 - COMMERCIAL REAL	199,632,969	N/A	199,632,969	199,632,969
F2 - INDUSTRIAL REAL	2,846,827	N/A	2,846,827	2,846,827
G - ALL MINERALS	46,030	N/A	46,030	46,030
J - ALL UTILITIES	30,962,500	N/A	30,962,500	30,962,500
L1 - COMMERCIAL PERSONAL	72,133,623	N/A	72,133,623	72,133,623
L2 - INDUSTRIAL PERSONAL	4,029,084	N/A	4,029,084	4,029,084
M1 - MOBILE HOMES	3,238,572	N/A	3,238,572	3,238,572
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	100,453	N/A	100,453	100,453
S - SPECIAL INVENTORY	2,979,687	N/A	2,979,687	2,979,687
Subtotal	882,464,796	0	882,464,796	882,464,796
Less Total Deductions	189,607,465	0	189,607,465	189,607,465
Total Taxable Value	692,857,331	0	692,857,331	692,857,331

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	T13
735,338,876	692,857,331	735,338,876	692,857,331	767,798,876

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
42,481,545	0	32,460,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
735,338,876	692,857,331	735,338,876	692,857,331	767,798,876

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

108-907-02/Mercedes ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	460,683,938	N/A	460,683,938	460,683,938
B - MULTIFAMILY	31,215,173	N/A	31,215,173	31,215,173
C1 - VACANT LOTS	29,576,341	N/A	29,576,341	29,576,341
C2 - COLONIA LOTS	11,760	N/A	11,760	11,760
D1 ACRES - QUALIFIED OPEN-SPACE LAND	7,607,077	N/A	7,607,077	7,607,077
D2 - FARM & RANCH IMP	1,083,121	N/A	1,083,121	1,083,121
E - NON-AG LAND AND IMPROVEMENTS	36,317,641	N/A	36,317,641	36,317,641
F1 - COMMERCIAL REAL	199,632,969	N/A	199,632,969	199,632,969
F2 - INDUSTRIAL REAL	2,846,827	N/A	2,846,827	2,846,827
G - ALL MINERALS	46,030	N/A	46,030	46,030
J - ALL UTILITIES	30,962,500	N/A	30,962,500	30,962,500
L1 - COMMERCIAL PERSONAL	72,133,623	N/A	72,133,623	72,133,623
L2 - INDUSTRIAL PERSONAL	4,029,084	N/A	4,029,084	4,029,084
M1 - MOBILE HOMES	3,238,572	N/A	3,238,572	3,238,572
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	100,453	N/A	100,453	100,453
S - SPECIAL INVENTORY	2,979,687	N/A	2,979,687	2,979,687
Subtotal	882,464,796		882,464,796	882,464,796
Less Total Deductions	189,607,465		189,607,465	189,607,465
Total Taxable Value	692,857,331		692,857,331	692,857,331

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	T13
735,338,876	692,857,331	735,338,876	692,857,331	767,798,876

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
42,481,545	0	32,460,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
735,338,876	692,857,331	735,338,876	692,857,331	767,798,876

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement