taxes Property Tax Assistance

2023 ISD Summary Worksheet

072-Erath/Erath County

072-910/Morgan Mill ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 23,959,610 1.0491 22,838,252 23,959,610
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,285,450 N/A 1,285,450 1,285,450
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,398,850 0.9999 4,399,189 4,398,850
D2 - FARM & RANCH IMP 1,629,440 N/A 1,629,440 1,629,440
E - NON-AG LAND AND IMPROVEMENTS 154,925,620 0.9368 165,377,477 154,925,620
F1 - COMMERCIAL REAL 4,045,160 N/A 4,045,160 4,045,160
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 1,402,740 N/A 1,402,740 1,402,740
J - ALL UTILITIES 19,465,150 0.9680 20,108,626 19,465,150
L1 - COMMERCIAL PERSONAL 3,099,120 N/A 3,099,120 3,099,120
L2 - INDUSTRIAL PERSONAL 78,430 N/A 78,430 78,430
M1 - MOBILE HOMES 1,500,870 N/A 1,500,870 1,500,870
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 652,230 N/A 652,230 652,230
S - SPECIAL INVENTORY 3,790 N/A 3,790 3,790
Subtotal 216,446,460 0 226,420,774 216,446,460
Less Total Deductions 61,674,407 0 59,353,373 61,674,407
Total Taxable Value 154,772,053 0 167,067,401 154,772,053

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 171,675,083 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 154,772,053 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 171,675,083 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 154,772,053 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,355,083 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 179,475,083 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 164,637,116 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 171,675,083 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 154,772,053 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 171,675,083 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 154,772,053 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,355,083 T13 plus the loss to the chapter 313 agreement
T16 179,475,083 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 164,637,116 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 16,903,030 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 4,680,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 3,120,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED

072-910-02/Morgan Mill ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 23,959,610 1.0491 22,838,252 23,959,610
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,285,450 N/A 1,285,450 1,285,450
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,398,850 0.9999 4,399,189 4,398,850
D2 - FARM & RANCH IMP 1,629,440 N/A 1,629,440 1,629,440
E - NON-AG LAND AND IMPROVEMENTS 154,925,620 0.9368 165,377,477 154,925,620
F1 - COMMERCIAL REAL 4,045,160 N/A 4,045,160 4,045,160
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 1,402,740 N/A 1,402,740 1,402,740
J - ALL UTILITIES 19,465,150 0.9680 20,108,626 19,465,150
L1 - COMMERCIAL PERSONAL 3,099,120 N/A 3,099,120 3,099,120
L2 - INDUSTRIAL PERSONAL 78,430 N/A 78,430 78,430
M1 - MOBILE HOMES 1,500,870 N/A 1,500,870 1,500,870
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 652,230 N/A 652,230 652,230
S - SPECIAL INVENTORY 3,790 N/A 3,790 3,790
Subtotal 216,446,460 226,420,774 216,446,460
Less Total Deductions 61,674,407 59,353,373 61,674,407
Total Taxable Value 154,772,053 167,067,401 154,772,053

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 171,675,083 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 154,772,053 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 171,675,083 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 154,772,053 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,355,083 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 179,475,083 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 164,637,116 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 171,675,083 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 154,772,053 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 171,675,083 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 154,772,053 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,355,083 T13 plus the loss to the chapter 313 agreement
T16 179,475,083 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 164,637,116 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 16,903,030 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 4,680,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 3,120,000 Loss to Second Previous Homestead Increase