taxes Property Tax Assistance

2019 ISD Summary Worksheet

040-Cochran

040-901/Morton ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 18,699,631 0.8214 22,765,560 18,699,631
B. MULTIFAMILY RESIDENCES 29,001 N/A 29,001 29,001
C1. VACANT LOTS 243,101 N/A 243,101 243,101
D1. QUALIFIED AG LAND 13,991,170 1.4145 9,891,550 13,991,170
D2. REAL PROP:FARM & RANCH 431,384 N/A 431,384 431,384
E. REAL PROP NONQUAL ACREAGE 8,082,188 0.7907 10,221,561 8,082,188
F1. COMMERCIAL REAL 4,121,123 0.9030 4,563,813 4,121,123
F2. INDUSTRIAL REAL 679,401 N/A 679,401 679,401
G. OIL,GAS,MINERALS 6,571,843 1.0166 6,464,532 6,571,843
J. UTILITIES 3,871,995 0.9731 3,979,031 3,871,995
L1. COMMERCIAL PERSONAL 5,606,878 0.9915 5,654,945 5,606,878
L2. INDUSTRIAL PERSONAL 4,257,747 N/A 4,257,747 4,257,747
M. MOBILE HOMES 466,352 N/A 466,352 466,352
S. SPECIAL INVENTORY 837,009 N/A 837,009 837,009
Subtotal 67,888,823 0 70,484,987 67,888,823
Less Total Deductions 11,611,448 0 12,949,607 11,611,448
Total Taxable Value 56,277,375 0 57,535,380 56,277,375

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
57,923,424 56,277,375 57,923,424 56,277,375


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,646,049 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
57,923,424 56,277,375 57,923,424 56,277,375

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 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 18,699,631 0.8214 22,765,560 18,699,631
B. MULTIFAMILY RESIDENCES 29,001 N/A 29,001 29,001
C1. VACANT LOTS 243,101 N/A 243,101 243,101
D1. QUALIFIED AG LAND 13,991,170 1.4145 9,891,550 13,991,170
D2. REAL PROP:FARM & RANCH 431,384 N/A 431,384 431,384
E. REAL PROP NONQUAL ACREAGE 8,082,188 0.7907 10,221,561 8,082,188
F1. COMMERCIAL REAL 4,121,123 0.9030 4,563,813 4,121,123
F2. INDUSTRIAL REAL 679,401 N/A 679,401 679,401
G. OIL,GAS,MINERALS 6,571,843 1.0166 6,464,532 6,571,843
J. UTILITIES 3,871,995 0.9731 3,979,031 3,871,995
L1. COMMERCIAL PERSONAL 5,606,878 0.9915 5,654,945 5,606,878
L2. INDUSTRIAL PERSONAL 4,257,747 N/A 4,257,747 4,257,747
M. MOBILE HOMES 466,352 N/A 466,352 466,352
S. SPECIAL INVENTORY 837,009 N/A 837,009 837,009
Subtotal 67,888,823 70,484,987 67,888,823
Less Total Deductions 11,611,448 12,949,607 11,611,448
Total Taxable Value 56,277,375 57,535,380 56,277,375

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
57,923,424 56,277,375 57,923,424 56,277,375


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,646,049 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
57,923,424 56,277,375 57,923,424 56,277,375

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