taxes Property Tax Assistance

2018 ISD Summary Worksheet

040-Cochran

040-901/Morton ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	19,177,947	N/A	19,177,947	19,177,947
B. MULTIFAMILY RESIDENCES	29,001	N/A	29,001	29,001
C1. VACANT LOTS	243,991	N/A	243,991	243,991
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	12,999,715	N/A	12,999,715	12,999,715
D2. REAL PROP:FARM & RANCH	379,471	N/A	379,471	379,471
E. REAL PROP NONQUAL ACREAGE	8,013,167	N/A	8,013,167	8,013,167
F1. COMMERCIAL REAL	4,092,978	N/A	4,092,978	4,092,978
F2. INDUSTRIAL REAL	679,079	N/A	679,079	679,079
G. OIL,GAS,MINERALS	3,482,727	N/A	3,482,727	3,482,727
J. UTILITIES	3,894,403	N/A	3,894,403	3,894,403
L1. COMMERCIAL PERSONAL	5,885,887	N/A	5,885,887	5,885,887
L2. INDUSTRIAL PERSONAL	3,634,890	N/A	3,634,890	3,634,890
M. MOBILE HOMES	471,018	N/A	471,018	471,018
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	1,068,053	N/A	1,068,053	1,068,053
Subtotal	64,052,327	0	64,052,327	64,052,327
Less Total Deductions	11,611,394	0	11,611,394	11,611,394
Total Taxable Value	52,440,933	0	52,440,933	52,440,933

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
54,198,685	52,440,933	54,198,685	52,440,933

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,757,752	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
54,198,685	52,440,933	54,198,685	52,440,933

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

040-901-02/Morton ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	19,177,947	N/A	19,177,947	19,177,947
B. MULTIFAMILY RESIDENCES	29,001	N/A	29,001	29,001
C1. VACANT LOTS	243,991	N/A	243,991	243,991
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	12,999,715	N/A	12,999,715	12,999,715
D2. REAL PROP:FARM & RANCH	379,471	N/A	379,471	379,471
E. REAL PROP NONQUAL ACREAGE	8,013,167	N/A	8,013,167	8,013,167
F1. COMMERCIAL REAL	4,092,978	N/A	4,092,978	4,092,978
F2. INDUSTRIAL REAL	679,079	N/A	679,079	679,079
G. OIL,GAS,MINERALS	3,482,727	N/A	3,482,727	3,482,727
J. UTILITIES	3,894,403	N/A	3,894,403	3,894,403
L1. COMMERCIAL PERSONAL	5,885,887	N/A	5,885,887	5,885,887
L2. INDUSTRIAL PERSONAL	3,634,890	N/A	3,634,890	3,634,890
M. MOBILE HOMES	471,018	N/A	471,018	471,018
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	1,068,053	N/A	1,068,053	1,068,053
Subtotal	64,052,327		64,052,327	64,052,327
Less Total Deductions	11,611,394		11,611,394	11,611,394
Total Taxable Value	52,440,933		52,440,933	52,440,933

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
54,198,685	52,440,933	54,198,685	52,440,933

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,757,752	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
54,198,685	52,440,933	54,198,685	52,440,933

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