taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

040/Cochran

040-901/Morton ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 18,485,817 .8113 22,785,427 18,485,817
B. Multi-Family Residences 28,811 N/A 28,811 28,811
C1. Vacant Lots 241,259 N/A 241,259 241,259
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 18,527,062 2.8552 6,488,867 18,527,062
D2. Real Prop Farm & Ranch 381,743 N/A 381,743 381,743
E. Real Prop NonQual Acres 7,075,104 .9396 7,529,911 7,075,104
F1. Commercial Real 3,957,939 .9909 3,994,287 3,957,939
F2. Industrial Real 1,323,223 N/A 1,323,223 1,323,223
G. Oil, Gas, Minerals 7,028,967 1.0047 6,996,085 7,028,967
J. Utilities 3,973,889 1.0490 3,788,264 3,973,889
L1. Commercial Personal 4,842,796 .9981 4,852,015 4,842,796
L2. Industrial Personal 2,330,277 N/A 2,330,277 2,330,277
M. Other Personal 381,060 N/A 381,060 381,060
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 734,917 N/A 734,917 734,917
Subtotal 69,312,864 61,856,146 69,312,864
Less Total Deductions 10,753,032   12,156,693 10,753,032
Total Taxable Value 58,559,832 49,699,453 58,559,832 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
60,262,241 58,559,832 60,262,241 58,559,832


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,702,409 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
60,262,241 58,559,832 60,262,241 58,559,832

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

The PVS found your local value invalid, but local value was certified because local value is greater than PTAD value.