taxes Property Tax Assistance

2016 ISD Summary Worksheet

108/Hidalgo

108-907/Mercedes ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 252,197,614 N/A 252,197,614 252,197,614
B. Multi-Family Residences 14,464,850 N/A 14,464,850 14,464,850
C1. Vacant Lots 27,557,702 N/A 27,557,702 27,557,702
C2. Colonia Lots 28,634 N/A 28,634 28,634
D1. Rural Real(Taxable) 8,301,603 N/A 8,301,603 8,301,603
D2. Real Prop Farm & Ranch 953,854 N/A 953,854 953,854
E. Real Prop NonQual Acres 20,354,207 N/A 20,354,207 20,354,207
F1. Commercial Real 143,988,528 N/A 143,988,528 143,988,528
F2. Industrial Real 3,013,894 N/A 3,013,894 3,013,894
G. Oil, Gas, Minerals 14,100 N/A 14,100 14,100
J. Utilities 20,345,411 N/A 20,345,411 20,345,411
L1. Commercial Personal 74,989,421 N/A 74,989,421 74,989,421
L2. Industrial Personal 4,439,328 N/A 4,439,328 4,439,328
M. Other Personal 2,094,404 N/A 2,094,404 2,094,404
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,128,296 N/A 2,128,296 2,128,296
S. Special Inventory 610,495 N/A 610,495 610,495
Subtotal 575,482,341 575,482,341 575,482,341
Less Total Deductions 99,183,967   99,183,967 99,183,967
Total Taxable Value 476,298,374 476,298,374 476,298,374 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
504,588,978 476,298,374 504,588,978 476,298,374


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
28,290,604 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
504,588,978 476,298,374 504,588,978 476,298,374

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