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