The Mercedes Enterprise (Mercedes, Tex.), Vol. 72, No. 35, Ed. 1 Wednesday, August 29, 1984 Page: 4 of 14
This newspaper is part of the collection entitled: Mercedes Area Newspapers and was provided to The Portal to Texas History by the Dr. Hector P. Garcia Memorial Library.
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s Page 4 — The Mercedes Enterprise
e Real Estate Consumer
Texas A&M University
Texas Real Estate Research Center
Mercedes, Texas 78570 Wednesday, August 29, 1984
Mercedes 4-H Club's first meeting of year will feature guest
A meeting of the Mercedes 4-H
Club is scheduled for Monday,
September 3 at 7 p.m. in the high
school cafeteria.
Robert Perez and Roy Rodri-
guez, new leaders of the group,
Meree
CONSIDER SIX ITEMS
A WHEN BUYING LAND
There are at least
Hs considerations when buying
six
or
Ili selling undeveloped land. They are
be selecting a broker, finding the right
market, judging the quality of
9r properties, use of professional
to advisors, and negotiating the
33 purchase or sales price and terms of
5 sale, including financing terms.
91 When selecting a broker, find
i someone knowledgeable about the
A land. Reputations are critical.
5 Honesty and knowledge are
invaluable. Your lawyer, CPA, or
banker often can recommend a good
si land salesperson. It is prudent to
I plot known offerings and sales on a
, . map. Consider what is know about
if each sale -- prices and terms,
desirable. This entrance can be
used for bringing in groceries and
wet or muddy children.
The room arrangement of the
house should allow you to go from
any room to any other room without
passing through a third room, and
the living room should be isolated
from the normal traffic flow of the
house to permit undisturbed
conversation or entertainment.
The kitchen is the heart of the
house and should be central to all
areas. Finally, routes between all
rooms in the house and the outdoor
areas should be short and direct.
liable for the rent to the end of the
lease. However, the amount the
next resident pays in rent for the
unexpired lease term of the
previous tenant must be credited to
the previous tenant. Know and
comply with your lease terms for a
pleasant renting experience.
Club announces schedule for aerobics classes
Aerobics classes for ladies age
15 and older will get underway
beginning September 4 at the
Mercedes Boys Club, report group
officials.
Workouts will run from 7:30 to
8:30 p.m. each Tuesday, Thursday
and Friday at the club, under the
direction of Mrs. Sylvia Alaniz,
certified physical education in-
structor.
Pre-registration can be com-
pleted by calling the club at
565-3033.
have issued an invitation to parents
as well as students to attend the
meeting. They add that anyone
wishing to join 4-H is cordially
welcomed.
The agenda will include a talk
by Ruben Garcia of Edinburg,
county 4-H agent. Members and
new members will be signed up,
and instructions will be given on
livestock projects for the Rio
Grande Valley Livestock Show.
SCHOOL DISTRICT: — Mercedes Independent School District
PUBLIC NOTICE
A 1
FIESTA
annual N
event in
success
poultry
big way
Our
publish
this yea:
me to p
1 para
weekend
PYRAMIDING IS KEY TO SECURE
FUTURE IN REAL ESTATE
INVESTMENT
Real estate investment has
NOTICE OF CALCULATION OF EFFECTIVE TAX RATE AND
PUBLICATION OF ESTIMATED UNENCUMBERED FUND BALANCES
I, Ismael P. Luna, Jr,. Tax Assessor
for Mercedes I S D
topography, utilities, flood-prone always provided one of the best
areas and the like. Be prepared to vehicles for building the future. The
negotiate, secret to using real estate to build a
Ges Whether buying or selling, that secure future is the practice of
pyramiding. This simply means
using a growing equity to acquire
even larger holdings. Pyramiding
requires periodic, well-timed trans-
actions to maintain the best use of
borrowed money. The methods are
varied: they include sale and
, is part of the transaction. And use
, professional advisors -- such as
brokers, appraisers and attorneys.
CHECK BUILDER
BEFORE BUYING HOME
As with other consumer items,
ni the quality of anew house varies u :
1 7 * “ repurchase of property, refinancing
oraccording to the manufacturer.
> Before buying a new house, you
ta should determine whether it was
A constructed by a reputable builder,
nt Good, builders often have been
join business a number of years
under the same name and have
ta customers who can attest to the
quality of their houses. Many
a reliable builders are members of
isthe registered builder program of
the National Association of Home
Builders. This program requires
a members to meet certain profes-
D sional and financial standards,
is Finally, see if the builder is
0 listed in" the local telephone
directory. Be cautious of builders
a who can be found only under the
name of a recent housing
development and not under a
A permanent business identification.
A quick investigation of your
2 builder can help assure that the
house you buy is well built.
SELECT HOME WITH .
GOOD TRAFFIC PATTERN
n
Here are some tips that will help
you select or design a home with
good traffic flow patterns.
Experts suggest that your main
entrance should lead people directly
into the living room and be easily
- accessible with a sheltered driveway
or street. A separate family
- entrance with a sheltered walkway
leading to the driveway also is
of property and exchanging
property.
Timing is important to maximize
proceeds from sales and minimize
financing costs. Successful pyramid-
ing requires patience and pru-
dence to avoid quick and risky
profits in favor of long-term growth.
As with any investment acquired
with borrowed funds, real estate
acquired through pyramiding is
accompanied by the risk that cash
flows will not cover debt service.
PROPERTY SEIZURE ALLOWED
FOR NON-PAYMENT OF RENT
Did you know that most leases
allow the management to seize
personal property, such as radios
and cameras, for nonpayment of
rent, if the provision is underlined
or in bold print in the lease?
Without a written lease that
specifically gives the right of
seizure, the manager must go to
court to seize the property.
In addition, a tenant cannot be
locked out of an apartment for
failure to pay rent. However, the
manager may change the door lock
when rent is overdue if written
notice is left on the door telling
where the key can be picked up at
all hours, regardless of whether the
overdue rent has been paid.
If a tenant moves prior to the
end of the lease term, that tenant is
in accordance with the provisions of Sec. 26.04, Property Tax Code, have calculated the tax rate which may not be
exceeded by more than three percent by the governing body of the Mercedes ISD without holding a
public hearing as required by the code. That rate is as follows: $ *8446 per $100 of value
The estimated unencumbered fund balance for Maintenance & Operation fund: $246,500
estimated unencumbered fund balance for Interest & Sinking fund: $ ......172 ? 000
CALCULATIONS USED TO DETERMINE EFFECTIVE TAX RATE
I. DATA
1. 1983 Total tax levy from the 1983 tax roll ........
2. 1983 Tax rate ($ .67 M&O and $-. 131&S) ....
3. 1983 Debt service (I&S) levy ..................................................
4. 1983 Maintenance and operation (M&O) levy ...................................
5. 1983 M&O taxes on property in territory that has ceased to be a part of unit in 1984 ...
6. 1983 M&O taxes on property becoming exempt in 1984 .........................
7. 1983 M&O taxes on taxable value lost because property is appraised at less than market
value in 1984 ............. /.........................................
8, 1984 Total taxable value of all property ........................................
9. . 1984 Taxable value of new improvements added since Jan. 1,1983 ______..........
10. 1984 Taxable value of property annexed since Jan. 1,1983 ......................
11. 1984 Tax levy needed to satisfy debt service (I&S) ..............................
12. Rate to raise 1983 tax levy due to appraisal roll errors.(lost dollars divided by the
difference of 1984 taxable values minus over-65 homesteads taxable values)
[$
+ ($
- $
x 100]..
13. Rateto regain taxes lost in 1983 due to appraisal roll errors (lost dollars divided by
the difference of 1 984 taxable values minus 1984 over-65 homesteads taxable value)
[$ : ($- $ -_____________________) x 100]
. The
$ 562,254
$
$
.80 /$100
91,647
$ 470,607
$
$
$
0
112
5,201
2,211
$75,657,763
$ 2,444,653
$
$
-0-
157,000
$ -0- /$100
CW ‘ SR
$ “0- /$100
Want to
subscribe?
MERCEDES ENTERPRISE
P.O. BOX 657
MERCEDES, TX 78570
Name_______
Address
City, State, Zip.
Just send us your name and address
and a check for the term you’d like - we’ll start
your subscription with the next issue!
IN THE VALLEY -- One year, $6
OUT OF VALLEY - One year, $8
Two years, $9
Two years, $13 L
Immanuel Lutheran
Child Care Center
257 S. Washington Ave.
Mercedes
14.1983 M&OTaxesused to regain lost 1982 levy ..................................
15. 1984 Taxable value of over-65 homesteads with frozen taxes ....................
16. Frozen M&O levy of over-65 homesteads with frozen taxes ......................
17. Frozen I&S levy of over-65 homesteads with frozen taxes ........................
II. CALCULATION
MAINTENANCE AND OPERATION (M&O) TAX RATE
1. (A) 1983 Total tax levy (Data 1) ..................................................
(B) Subtract 1983 Debt service levy (Data 3) ......................................
(C) Subtract 1983 Taxes on property no longer in unit (Data 5) .....................
(D) Subtract 1983 Taxes on exemptions (Data 6) ..................................
(E) Subtract 1983 Taxes on productivity valuation (Data 7) ..........................
(F) Subtract frozen M&O levy of over-65 homesteads (Data 16) ....................
(G) Subtract 1983 M&O taxes used to regain lost 1982 levy (Data 14) ...............
(H) Adjusted 1983 M&O levy ....................................................
2. (A) 1984 Total taxable value of all property (Data 8) .......... .,..................
(B) Subtract 1984 Value of new improvements (Data 9) ...........................
(C) Subtract 1984 Value of annexed property (Data 10) ............................
(D) Subtract 1984 Value of over-65 homesteads (Data 15) .........................
(E) Adjusted 1984 Taxable value for M&O ..... ..
3. (A) Divide the Adjusted 1983 M&O levy (1-H above) by the Adjusted 1984 Taxable
value for M&O (2-E above) ($ - 457115______+ $ 71,863,110 ) .
(B) Multiply by $100 valuation ...................................................
$ -0-
* ——------------------------
$ 1,350,000
$
$
$
- $
- $
— $
- $
- $
-$
$
5,968
1,925
562,254
91,647
112
5,201
2,211
5,968
-0-
457,115
$75,657,763
-$ 2 ,444,653
- $
- 0 -
— $ 1.350,000
$71,863,110
$ .006360
x $100
Monday - Friday 7:30 a.m.-5:30 p.m.
Call for more information 565-9503
Selected openings available for 3- and 4-year-olds
Child Development Learning Center - State Licensed
Qualified Staff: 2 Graduate Teachers
ACTIVITIES: Motor development,
reading readiness, Bible stories,
math, science, art, after-school
activities for school age children,
movies.
Come Join Us /
3. (C) Effective M&O rate for 1984 ................................
INTEREST AND SINKING (I&S) TAX RATE
4. (A) 1984 I&S levy needed to satisfy debt (Data 11) ................
(B) Subtract frozen I&S levy of over-65 homesteads (Data 17) .....
(C) Adjusted 1984 I&S levy ...................................
(D) 1984 Total taxable value of all property (Data 8) ..............
(E) Subtract 1984 Value of over-65 homesteads (Data 15). ........
(F) Adjusted 1984 Taxable value for I&S ........................
$ _.6360/$100
$
- $
$
157,000
1,925
155,075
$7 5,657,768
— $ 1,350,000
$74,307,760
EMPLOYMENT OPPORTUNITY
The City of Mercedes is now accepting applications for
the position of
PATROLMAN II
— Graduation from High School or Equivalent
— Completion of a Basic Police Academy and Possess a Basic
Certificate from the Texas Commission on Law Enforcement
Officer Standards and Education
— Must Possess a Valid Texas Driver’s License
- Must Meet All Requirements Set Out by the T.C.L.E.O.S.E.
(G) Divide the Adjusted 1984 I&S levy (4-C above) by the Adjusted 1984 taxable value
for I&S (4-F above) ($ - 155,075 4$ 74.307,763 ) .......
(H) Multiply by $100 valuation ...................................................
(I) Effective I&S rate for 1984 ...................................................
APPRAISAL ROLL ERROR RATE
5. (A) Rate to raise 1983 levy due to appraisal errors (Data 12) ....
(B) Add Rate to regain taxes lost due to errors (Data 13) ........
(C) Total Rate to adjust for appraisal roll errors ................
TOTAL EFFECTIVE TAX RATE FOR 1984
6. (A) Effective M&O rate (3-C above) ...........................
$ .002086
x $100
$ .2086 /$100
$
+ $
$
$
Applications will be taken until August 24, 1984. Apply to
Personnel Office, City of Mercedes, 400 S. Ohio, Mercedes, Texas
78570 or caU [512] 565-3114, ext. 34.
The City of Mercedes is an Equal Opportunity Employer. 2tc-33
(B) Add Effective I&S rate (4-1 above) ....
(C) Add Rate to adjust for appraisal roll errors (5-C above) ......
(D) 1984 Effective Tax Rate .................................
+ $
+ $
-0- /$100
20- /$100
-0- /$100
.6360/$100
.2086/$100
-0- /$100
$ 8446/$100
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The Mercedes Enterprise (Mercedes, Tex.), Vol. 72, No. 35, Ed. 1 Wednesday, August 29, 1984, newspaper, August 29, 1984; (https://texashistory.unt.edu/ark:/67531/metapth1632071/m1/4/?rotate=0: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Dr. Hector P. Garcia Memorial Library.