taxes Property Tax Assistance

2024 ISD Summary Worksheet

Morgan Mill ISD (all splits)   Erath County  

072-Erath/Erath County

072-910/Morgan Mill ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 29,612,430 N/A 29,612,430 29,612,430
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,165,480 N/A 1,165,480 1,165,480
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,817,120 N/A 4,817,120 4,817,120
D2 - FARM & RANCH IMP 2,190,560 N/A 2,190,560 2,190,560
E - NON-AG LAND AND IMPROVEMENTS 177,549,540 N/A 177,549,540 177,549,540
F1 - COMMERCIAL REAL 4,630,160 N/A 4,630,160 4,630,160
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 542,590 N/A 542,590 542,590
J - ALL UTILITIES 23,216,830 N/A 23,216,830 23,216,830
L1 - COMMERCIAL PERSONAL 3,429,150 N/A 3,429,150 3,429,150
L2 - INDUSTRIAL PERSONAL 99,380 N/A 99,380 99,380
M1 - MOBILE HOMES 1,918,240 N/A 1,918,240 1,918,240
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,790 N/A 3,790 3,790
Subtotal 249,175,270 0 249,175,270 249,175,270
Less Total Deductions 69,449,463 0 69,449,463 69,449,463
Total Taxable Value 179,725,807 0 179,725,807 179,725,807

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 197,677,304 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 179,725,807 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 197,677,304 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 179,725,807 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 202,507,304 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 205,727,304 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 191,379,128 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 197,677,304 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 179,725,807 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 197,677,304 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 179,725,807 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 202,507,304 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 205,727,304 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 191,379,128 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 17,951,497 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 4,830,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 3,220,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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072-910-02/Morgan Mill ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 29,612,430 N/A 29,612,430 29,612,430
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,165,480 N/A 1,165,480 1,165,480
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,817,120 N/A 4,817,120 4,817,120
D2 - FARM & RANCH IMP 2,190,560 N/A 2,190,560 2,190,560
E - NON-AG LAND AND IMPROVEMENTS 177,549,540 N/A 177,549,540 177,549,540
F1 - COMMERCIAL REAL 4,630,160 N/A 4,630,160 4,630,160
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 542,590 N/A 542,590 542,590
J - ALL UTILITIES 23,216,830 N/A 23,216,830 23,216,830
L1 - COMMERCIAL PERSONAL 3,429,150 N/A 3,429,150 3,429,150
L2 - INDUSTRIAL PERSONAL 99,380 N/A 99,380 99,380
M1 - MOBILE HOMES 1,918,240 N/A 1,918,240 1,918,240
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 3,790 N/A 3,790 3,790
Subtotal 249,175,270 249,175,270 249,175,270
Less Total Deductions 69,449,463 69,449,463 69,449,463
Total Taxable Value 179,725,807 179,725,807 179,725,807

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 197,677,304 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 179,725,807 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 197,677,304 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 179,725,807 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 202,507,304 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 205,727,304 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 191,379,128 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 197,677,304 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 179,725,807 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 197,677,304 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 179,725,807 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 202,507,304 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 205,727,304 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 191,379,128 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 17,951,497 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 4,830,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 3,220,000 Loss to the third most recent increase in the state-mandated homestead exemption

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