taxes Property Tax Assistance

2020 ISD Summary Worksheet

040-Cochran /Cochran County

040-901/Morton ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 18,927,552 N/A 18,927,552 18,927,552
B - MULTIFAMILY 29,001 N/A 29,001 29,001
C1 - VACANT LOTS 243,633 N/A 243,633 243,633
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,937,545 N/A 13,937,545 13,937,545
D2 - FARM & RANCH IMP 420,809 N/A 420,809 420,809
E - NON-AG LAND AND IMPROVEMENTS 8,134,039 N/A 8,134,039 8,134,039
F1 - COMMERCIAL REAL 4,230,556 N/A 4,230,556 4,230,556
F2 - INDUSTRIAL REAL 682,191 N/A 682,191 682,191
G - ALL MINERALS 3,410,029 N/A 3,410,029 3,410,029
J - ALL UTILITIES 4,466,267 N/A 4,466,267 4,466,267
L1 - COMMERCIAL PERSONAL 5,060,705 N/A 5,060,705 5,060,705
L2 - INDUSTRIAL PERSONAL 3,981,920 N/A 3,981,920 3,981,920
M1 - MOBILE HOMES 459,798 N/A 459,798 459,798
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 1,036,906 N/A 1,036,906 1,036,906
Subtotal 65,020,951 0 65,020,951 65,020,951
Less Total Deductions 11,094,638 0 11,094,638 11,094,638
Total Taxable Value 53,926,313 0 53,926,313 53,926,313

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
55,681,272 53,926,313 55,681,272 53,926,313


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,754,959 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
55,681,272 53,926,313 55,681,272 53,926,313

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 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 18,927,552 N/A 18,927,552 18,927,552
B - MULTIFAMILY 29,001 N/A 29,001 29,001
C1 - VACANT LOTS 243,633 N/A 243,633 243,633
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 13,937,545 N/A 13,937,545 13,937,545
D2 - FARM & RANCH IMP 420,809 N/A 420,809 420,809
E - NON-AG LAND AND IMPROVEMENTS 8,134,039 N/A 8,134,039 8,134,039
F1 - COMMERCIAL REAL 4,230,556 N/A 4,230,556 4,230,556
F2 - INDUSTRIAL REAL 682,191 N/A 682,191 682,191
G - ALL MINERALS 3,410,029 N/A 3,410,029 3,410,029
J - ALL UTILITIES 4,466,267 N/A 4,466,267 4,466,267
L1 - COMMERCIAL PERSONAL 5,060,705 N/A 5,060,705 5,060,705
L2 - INDUSTRIAL PERSONAL 3,981,920 N/A 3,981,920 3,981,920
M1 - MOBILE HOMES 459,798 N/A 459,798 459,798
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 1,036,906 N/A 1,036,906 1,036,906
Subtotal 65,020,951 65,020,951 65,020,951
Less Total Deductions 11,094,638 11,094,638 11,094,638
Total Taxable Value 53,926,313 53,926,313 53,926,313

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
55,681,272 53,926,313 55,681,272 53,926,313


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,754,959 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
55,681,272 53,926,313 55,681,272 53,926,313

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