taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

040/Cochran

040-901/Morton ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 18,005,786 .8917 20,192,650 18,005,786
B. Multi-Family Residences 589,916 N/A 589,916 589,916
C1. Vacant Lots 284,540 N/A 284,540 284,540
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 19,263,907 1.3194 14,600,353 19,263,907
D2. Real Prop Farm & Ranch 428,758 N/A 428,758 428,758
E. Real Prop NonQual Acres 5,886,446 .9538 6,171,573 5,886,446
F1. Commercial Real 3,843,788 N/A 3,843,788 3,843,788
F2. Industrial Real 1,303,049 N/A 1,303,049 1,303,049
G. Oil, Gas, Minerals 12,562,154 .9917 12,667,293 12,562,154
J. Utilities 4,183,279 N/A 4,183,279 4,183,279
L1. Commercial Personal 4,936,710 1.0106 4,884,930 4,936,710
L2. Industrial Personal 2,316,433 N/A 2,316,433 2,316,433
M. Other Personal 325,877 N/A 325,877 325,877
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 73,930,643 71,792,439 73,930,643
Less Total Deductions 9,426,518   10,181,545 9,426,518
Total Taxable Value 64,504,125 61,610,894 64,504,125 T2

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
68,895,007 64,504,125 68,895,007 64,504,125 64,504,125 64,504,125


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,390,882 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
68,895,007 64,504,125 68,895,007 64,504,125 64,504,125 64,504,125

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified