taxes Property Tax Assistance

2022 ISD Summary Worksheet

072-Erath/Erath County

072-910/Morgan Mill ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 19,547,320 N/A 19,547,320 19,547,320
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,390,770 N/A 1,390,770 1,390,770
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,080,790 N/A 5,080,790 5,080,790
D2 - FARM & RANCH IMP 1,593,230 N/A 1,593,230 1,593,230
E - NON-AG LAND AND IMPROVEMENTS 124,086,700 N/A 124,086,700 124,086,700
F1 - COMMERCIAL REAL 3,535,120 N/A 3,535,120 3,535,120
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 643,170 N/A 643,170 643,170
J - ALL UTILITIES 19,167,310 N/A 19,167,310 19,167,310
L1 - COMMERCIAL PERSONAL 2,880,110 N/A 2,880,110 2,880,110
L2 - INDUSTRIAL PERSONAL 99,750 N/A 99,750 99,750
M1 - MOBILE HOMES 1,138,940 N/A 1,138,940 1,138,940
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 311,860 N/A 311,860 311,860
S - SPECIAL INVENTORY 4,740 N/A 4,740 4,740
Subtotal 179,479,810 0 179,479,810 179,479,810
Less Total Deductions 27,596,735 0 27,596,735 27,596,735
Total Taxable Value 151,883,075 0 151,883,075 151,883,075

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
156,042,675 151,883,075 156,042,675 151,883,075 158,982,675


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
4,159,600 0 2,940,000


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
156,042,675 151,883,075 156,042,675 151,883,075 158,982,675

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

072-910-02/Morgan Mill ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 19,547,320 N/A 19,547,320 19,547,320
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,390,770 N/A 1,390,770 1,390,770
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,080,790 N/A 5,080,790 5,080,790
D2 - FARM & RANCH IMP 1,593,230 N/A 1,593,230 1,593,230
E - NON-AG LAND AND IMPROVEMENTS 124,086,700 N/A 124,086,700 124,086,700
F1 - COMMERCIAL REAL 3,535,120 N/A 3,535,120 3,535,120
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 643,170 N/A 643,170 643,170
J - ALL UTILITIES 19,167,310 N/A 19,167,310 19,167,310
L1 - COMMERCIAL PERSONAL 2,880,110 N/A 2,880,110 2,880,110
L2 - INDUSTRIAL PERSONAL 99,750 N/A 99,750 99,750
M1 - MOBILE HOMES 1,138,940 N/A 1,138,940 1,138,940
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 311,860 N/A 311,860 311,860
S - SPECIAL INVENTORY 4,740 N/A 4,740 4,740
Subtotal 179,479,810 179,479,810 179,479,810
Less Total Deductions 27,596,735 27,596,735 27,596,735
Total Taxable Value 151,883,075 151,883,075 151,883,075

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
156,042,675 151,883,075 156,042,675 151,883,075 158,982,675


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
4,159,600 0 2,940,000


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
156,042,675 151,883,075 156,042,675 151,883,075 158,982,675

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