taxes Property Tax Assistance

2021 ISD Summary Worksheet

072-Erath /Erath County

072-910/Morgan Mill ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 18,019,860 0.9695 18,586,756 18,586,756
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,079,130 N/A 1,079,130 1,079,130
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,779,950 1.4063 4,110,061 4,110,061
D2 - FARM & RANCH IMP 1,158,360 N/A 1,158,360 1,158,360
E - NON-AG LAND AND IMPROVEMENTS 87,790,020 0.7214 121,693,956 121,693,956
F1 - COMMERCIAL REAL 3,020,100 N/A 3,020,100 3,020,100
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 643,170 N/A 643,170 643,170
J - ALL UTILITIES 18,879,200 0.9314 20,269,702 20,269,702
L1 - COMMERCIAL PERSONAL 1,640,310 N/A 1,640,310 1,640,310
L2 - INDUSTRIAL PERSONAL 76,660 N/A 76,660 76,660
M1 - MOBILE HOMES 940,780 N/A 940,780 940,780
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 527,330 N/A 527,330 527,330
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 139,554,870 0 173,746,315 173,746,315
Less Total Deductions 15,875,596 0 16,720,576 16,720,576
Total Taxable Value 123,679,274 0 157,025,739 157,025,739

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
159,787,689 157,025,739 159,787,689 157,025,739


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,761,950 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
159,787,689 157,025,739 159,787,689 157,025,739

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

072-910-02/Morgan Mill ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 18,019,860 0.9695 18,586,756 18,586,756
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,079,130 N/A 1,079,130 1,079,130
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,779,950 1.4063 4,110,061 4,110,061
D2 - FARM & RANCH IMP 1,158,360 N/A 1,158,360 1,158,360
E - NON-AG LAND AND IMPROVEMENTS 87,790,020 0.7214 121,693,956 121,693,956
F1 - COMMERCIAL REAL 3,020,100 N/A 3,020,100 3,020,100
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 643,170 N/A 643,170 643,170
J - ALL UTILITIES 18,879,200 0.9314 20,269,702 20,269,702
L1 - COMMERCIAL PERSONAL 1,640,310 N/A 1,640,310 1,640,310
L2 - INDUSTRIAL PERSONAL 76,660 N/A 76,660 76,660
M1 - MOBILE HOMES 940,780 N/A 940,780 940,780
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 527,330 N/A 527,330 527,330
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 139,554,870 173,746,315 173,746,315
Less Total Deductions 15,875,596 16,720,576 16,720,576
Total Taxable Value 123,679,274 157,025,739 157,025,739

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
159,787,689 157,025,739 159,787,689 157,025,739


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
2,761,950 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
159,787,689 157,025,739 159,787,689 157,025,739

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