040-Cochran/Cochran County
040-901/Morton ISD
| Category |
Local Tax Roll Value |
2023 WTD Mean Ratio |
2023 PTAD Value Estimate |
2023 Value Assigned |
| A - SINGLE-FAMILY |
21,074,683 |
0.6314 |
33,377,705 |
33,377,705 |
| B - MULTIFAMILY |
25,659 |
N/A |
25,659 |
25,659 |
| C1 - VACANT LOTS |
242,418 |
N/A |
242,418 |
242,418 |
| C2 - COLONIA LOTS |
0 |
N/A |
0 |
0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND |
5,824,915 |
0.9172 |
6,350,594 |
6,350,594 |
| D2 - FARM & RANCH IMP |
418,017 |
N/A |
418,017 |
418,017 |
| E - NON-AG LAND AND IMPROVEMENTS |
9,235,377 |
0.8516 |
10,844,736 |
10,844,736 |
| F1 - COMMERCIAL REAL |
4,603,167 |
0.9235 |
4,984,480 |
4,984,480 |
| F2 - INDUSTRIAL REAL |
667,931 |
N/A |
667,931 |
667,931 |
| G - ALL MINERALS |
5,249,208 |
1.0311 |
5,090,882 |
5,090,882 |
| J - ALL UTILITIES |
4,559,484 |
0.9881 |
4,614,395 |
4,614,395 |
| L1 - COMMERCIAL PERSONAL |
4,570,923 |
0.9789 |
4,669,448 |
4,669,448 |
| L2 - INDUSTRIAL PERSONAL |
3,202,562 |
N/A |
3,202,562 |
3,202,562 |
| M1 - MOBILE HOMES |
407,489 |
N/A |
407,489 |
407,489 |
| N - INTANGIBLE PERSONAL PROPERTY |
0 |
N/A |
0 |
0 |
| O - RESIDENTIAL INVENTORY |
0 |
N/A |
0 |
0 |
| S - SPECIAL INVENTORY |
722,816 |
N/A |
722,816 |
722,816 |
| Subtotal |
60,804,649 |
0 |
75,619,132 |
75,619,132 |
| Less Total Deductions |
18,409,574 |
0 |
22,233,961 |
22,233,961 |
| Total Taxable Value |
42,395,075 |
0 |
53,385,171 |
53,385,171 |
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
| Measure | Value | Description |
|---|
| T1 |
53,385,171 |
School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 |
53,385,171 |
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 |
53,385,171 |
T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 |
53,385,171 |
T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 |
59,281,171 |
T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 |
64,001,171 |
T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 |
53,430,970 |
School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|
| T7 |
53,385,171 |
School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 |
53,385,171 |
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 |
53,385,171 |
T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 |
53,385,171 |
T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 |
59,281,171 |
T13 plus the loss to the chapter 313 agreement |
| T16 |
64,001,171 |
T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 |
53,430,970 |
T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|
| LOSS_INCR_HMSTD |
0 |
Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD |
0 |
50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD |
5,896,000 |
Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD |
4,720,000 |
Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE THE VALUES FOR YOUR SCHOOL DISTRICT ARE BELOW THE 90% CUTOFF AND YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE
040-901-02/Morton ISD
| Category |
Local Tax Roll Value |
2023 WTD Mean Ratio |
2023 PTAD Value Estimate |
2023 Value Assigned |
| A - SINGLE-FAMILY |
21,074,683 |
0.6314 |
33,377,705 |
33,377,705 |
| B - MULTIFAMILY |
25,659 |
N/A |
25,659 |
25,659 |
| C1 - VACANT LOTS |
242,418 |
N/A |
242,418 |
242,418 |
| C2 - COLONIA LOTS |
0 |
N/A |
0 |
0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND |
5,824,915 |
0.9172 |
6,350,594 |
6,350,594 |
| D2 - FARM & RANCH IMP |
418,017 |
N/A |
418,017 |
418,017 |
| E - NON-AG LAND AND IMPROVEMENTS |
9,235,377 |
0.8516 |
10,844,736 |
10,844,736 |
| F1 - COMMERCIAL REAL |
4,603,167 |
0.9235 |
4,984,480 |
4,984,480 |
| F2 - INDUSTRIAL REAL |
667,931 |
N/A |
667,931 |
667,931 |
| G - ALL MINERALS |
5,249,208 |
1.0311 |
5,090,882 |
5,090,882 |
| J - ALL UTILITIES |
4,559,484 |
0.9881 |
4,614,395 |
4,614,395 |
| L1 - COMMERCIAL PERSONAL |
4,570,923 |
0.9789 |
4,669,448 |
4,669,448 |
| L2 - INDUSTRIAL PERSONAL |
3,202,562 |
N/A |
3,202,562 |
3,202,562 |
| M1 - MOBILE HOMES |
407,489 |
N/A |
407,489 |
407,489 |
| N - INTANGIBLE PERSONAL PROPERTY |
0 |
N/A |
0 |
0 |
| O - RESIDENTIAL INVENTORY |
0 |
N/A |
0 |
0 |
| S - SPECIAL INVENTORY |
722,816 |
N/A |
722,816 |
722,816 |
| Subtotal |
60,804,649 |
|
75,619,132 |
75,619,132 |
| Less Total Deductions |
18,409,574 |
|
22,233,961 |
22,233,961 |
| Total Taxable Value |
42,395,075 |
|
53,385,171 |
53,385,171 |
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
| Measure | Value | Description |
|---|
| T1 |
53,385,171 |
School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 |
53,385,171 |
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 |
53,385,171 |
T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 |
53,385,171 |
T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 |
59,281,171 |
T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 |
64,001,171 |
T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 |
53,430,970 |
School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|
| T7 |
53,385,171 |
School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 |
53,385,171 |
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 |
53,385,171 |
T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 |
53,385,171 |
T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 |
59,281,171 |
T13 plus the loss to the chapter 313 agreement |
| T16 |
64,001,171 |
T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 |
53,430,970 |
T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|
| LOSS_INCR_HMSTD |
0 |
Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD |
0 |
50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD |
5,896,000 |
Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD |
4,720,000 |
Loss to Second Previous Homestead Increase |
