taxes Property Tax Assistance

2022 ISD Summary Worksheet

040-Cochran/Cochran County

040-901/Morton ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	20,183,157	0.8330	24,229,480	20,183,157
B - MULTIFAMILY	25,659	N/A	25,659	25,659
C1 - VACANT LOTS	238,458	N/A	238,458	238,458
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	10,783,653	1.3981	7,712,802	10,783,653
D2 - FARM & RANCH IMP	421,170	N/A	421,170	421,170
E - NON-AG LAND AND IMPROVEMENTS	8,943,208	0.9198	9,722,992	8,943,208
F1 - COMMERCIAL REAL	4,316,348	0.9536	4,526,372	4,316,348
F2 - INDUSTRIAL REAL	667,930	N/A	667,930	667,930
G - ALL MINERALS	4,479,727	N/A	4,479,727	4,479,727
J - ALL UTILITIES	4,507,895	N/A	4,507,895	4,507,895
L1 - COMMERCIAL PERSONAL	3,865,336	0.9405	4,109,873	3,865,336
L2 - INDUSTRIAL PERSONAL	2,532,385	N/A	2,532,385	2,532,385
M1 - MOBILE HOMES	417,690	N/A	417,690	417,690
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	830,485	N/A	830,485	830,485
Subtotal	62,213,101	0	64,422,918	62,213,101
Less Total Deductions	13,427,535	0	14,634,480	13,427,535
Total Taxable Value	48,785,566	0	49,788,438	48,785,566

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	T13
49,121,406	48,785,566	49,121,406	48,785,566	53,811,406

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
335,840	0	4,690,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
49,121,406	48,785,566	49,121,406	48,785,566	53,811,406

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

040-901-02/Morton ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	20,183,157	0.8330	24,229,480	20,183,157
B - MULTIFAMILY	25,659	N/A	25,659	25,659
C1 - VACANT LOTS	238,458	N/A	238,458	238,458
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	10,783,653	1.3981	7,712,802	10,783,653
D2 - FARM & RANCH IMP	421,170	N/A	421,170	421,170
E - NON-AG LAND AND IMPROVEMENTS	8,943,208	0.9198	9,722,992	8,943,208
F1 - COMMERCIAL REAL	4,316,348	0.9536	4,526,372	4,316,348
F2 - INDUSTRIAL REAL	667,930	N/A	667,930	667,930
G - ALL MINERALS	4,479,727	N/A	4,479,727	4,479,727
J - ALL UTILITIES	4,507,895	N/A	4,507,895	4,507,895
L1 - COMMERCIAL PERSONAL	3,865,336	0.9405	4,109,873	3,865,336
L2 - INDUSTRIAL PERSONAL	2,532,385	N/A	2,532,385	2,532,385
M1 - MOBILE HOMES	417,690	N/A	417,690	417,690
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	830,485	N/A	830,485	830,485
Subtotal	62,213,101		64,422,918	62,213,101
Less Total Deductions	13,427,535		14,634,480	13,427,535
Total Taxable Value	48,785,566		49,788,438	48,785,566

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	T13
49,121,406	48,785,566	49,121,406	48,785,566	53,811,406

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
335,840	0	4,690,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
49,121,406	48,785,566	49,121,406	48,785,566	53,811,406

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement