taxes Property Tax Assistance

2024 ISD Summary Worksheet

Morton ISD (all splits)   Cochran County  

040-Cochran/Cochran County

040-901/Morton ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 21,124,324 0.6720 31,435,006 31,435,006
B - MULTIFAMILY 26,115 N/A 26,115 26,115
C1 - VACANT LOTS 246,393 N/A 246,393 246,393
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,069,708 1.2405 4,892,915 4,892,915
D2 - FARM & RANCH IMP 431,751 N/A 431,751 431,751
E - NON-AG LAND AND IMPROVEMENTS 9,869,230 0.6696 14,738,993 14,738,993
F1 - COMMERCIAL REAL 4,723,296 0.8019 5,890,131 5,890,131
F2 - INDUSTRIAL REAL 665,741 N/A 665,741 665,741
G - ALL MINERALS 3,285,496 1.0115 3,248,142 3,248,142
J - ALL UTILITIES 5,792,791 0.9677 5,986,143 5,986,143
L1 - COMMERCIAL PERSONAL 5,182,820 0.9938 5,215,154 5,215,154
L2 - INDUSTRIAL PERSONAL 3,273,124 N/A 3,273,124 3,273,124
M1 - MOBILE HOMES 408,352 N/A 408,352 408,352
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 624,321 N/A 624,321 624,321
Subtotal 61,723,462 0 77,082,281 77,082,281
Less Total Deductions 18,432,028 0 21,627,074 21,627,074
Total Taxable Value 43,291,434 0 55,455,207 55,455,207

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's office 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 school 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 55,455,207 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 55,455,207 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 55,455,207 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 55,455,207 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 61,285,170 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 65,905,170 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 55,518,157 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 55,455,207 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 55,455,207 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 55,455,207 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 55,455,207 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 61,285,170 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 65,905,170 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 55,518,157 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 0 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 5,829,963 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 4,620,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS 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.


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040-901-02/Morton ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 21,124,324 0.6720 31,435,006 31,435,006
B - MULTIFAMILY 26,115 N/A 26,115 26,115
C1 - VACANT LOTS 246,393 N/A 246,393 246,393
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,069,708 1.2405 4,892,915 4,892,915
D2 - FARM & RANCH IMP 431,751 N/A 431,751 431,751
E - NON-AG LAND AND IMPROVEMENTS 9,869,230 0.6696 14,738,993 14,738,993
F1 - COMMERCIAL REAL 4,723,296 0.8019 5,890,131 5,890,131
F2 - INDUSTRIAL REAL 665,741 N/A 665,741 665,741
G - ALL MINERALS 3,285,496 1.0115 3,248,142 3,248,142
J - ALL UTILITIES 5,792,791 0.9677 5,986,143 5,986,143
L1 - COMMERCIAL PERSONAL 5,182,820 0.9938 5,215,154 5,215,154
L2 - INDUSTRIAL PERSONAL 3,273,124 N/A 3,273,124 3,273,124
M1 - MOBILE HOMES 408,352 N/A 408,352 408,352
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 624,321 N/A 624,321 624,321
Subtotal 61,723,462 77,082,281 77,082,281
Less Total Deductions 18,432,028 21,627,074 21,627,074
Total Taxable Value 43,291,434 55,455,207 55,455,207

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's office 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 school 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 55,455,207 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 55,455,207 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 55,455,207 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 55,455,207 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 61,285,170 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 65,905,170 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 55,518,157 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 55,455,207 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 55,455,207 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 55,455,207 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 55,455,207 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 61,285,170 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 65,905,170 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 55,518,157 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 0 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 5,829,963 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 4,620,000 Loss to the third most recent increase in the state-mandated homestead exemption

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