taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

072/Erath

072-910/Morgan Mill ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 12,252,820 .9430 12,993,446 12,252,820
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 520,360 N/A 520,360 520,360
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,303,200 1.3543 3,915,761 5,303,200
D2. Real Prop Farm & Ranch 775,050 N/A 775,050 775,050
E. Real Prop NonQual Acres 56,264,690 .9240 60,892,522 56,264,690
F1. Commercial Real 1,243,000 N/A 1,243,000 1,243,000
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 4,287,070 .9312 4,603,812 4,287,070
J. Utilities 8,390,350 .8276 10,138,171 8,390,350
L1. Commercial Personal 1,430,960 N/A 1,430,960 1,430,960
L2. Industrial Personal 967,000 N/A 967,000 967,000
M. Other Personal 953,750 N/A 953,750 953,750
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,153,950 N/A 1,153,950 1,153,950
S. Special Inventory 0 N/A 0 0
Subtotal 93,542,200 99,587,782 93,542,200
Less Total Deductions 11,211,485   12,323,014 11,211,485
Total Taxable Value 82,330,715 87,264,768 82,330,715 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
84,795,035 82,330,715 84,795,035 82,330,715


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,464,320 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
84,795,035 82,330,715 84,795,035 82,330,715

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 to be valid, and local value was certified