Property tax assessments for homes were increased by 15.09% for the tax year 2021, based on a review of 7,377 homes valued by the Hidalgo Appraisal District. Homes valued at $1 million or higher had the largest increases, average 16.5% higher than 2020. Review of 7,377 homes valued at $300,000 or indicates an increase in assessed value of $2.75 billion, up 12.6% from 3.10 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $86.72 million, based on a 2.7% tax rate before considering homestead exemptions. Hidalgo has 156 homes valued at $1 million or higher. They are valued at $0.19 billion in 2021, up from $0.17 billion in 2020. Values were increased for 148 homes, reduced for 1 home, and remained flat for 7 homes. Homes valued at $300,000 to 500,000 increased from 1.85 billion in 2020 to 2.08 billion in 2021, an 12.7% increase. Of the 5,894 in this price range, values were increased for 5,678, reduced for 154, an...