taxes Property Tax Assistance

2016 ISD Summary Worksheet

040/Cochran

040-901/Morton ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 18,578,576 .7826 23,739,555 23,739,555
B. Multi-Family Residences 28,937 N/A 28,937 28,937
C1. Vacant Lots 243,349 N/A 243,349 243,349
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,224,469 1.1304 15,238,157 15,238,157
D2. Real Prop Farm & Ranch 379,941 N/A 379,941 379,941
E. Real Prop NonQual Acres 7,146,785 .7027 10,170,464 10,170,464
F1. Commercial Real 3,974,239 .7943 5,003,448 5,003,448
F2. Industrial Real 1,302,299 N/A 1,302,299 1,302,299
G. Oil, Gas, Minerals 3,481,171 .9614 3,620,939 3,620,939
J. Utilities 3,609,495 N/A 3,609,495 3,609,495
L1. Commercial Personal 4,976,004 1.0146 4,904,400 4,904,400
L2. Industrial Personal 2,515,037 N/A 2,515,037 2,515,037
M. Other Personal 466,191 N/A 466,191 466,191
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 802,483 N/A 802,483 802,483
Subtotal 64,728,976 72,024,695 72,024,695
Less Total Deductions 10,747,828   12,266,997 12,266,997
Total Taxable Value 53,981,148 59,757,698 59,757,698 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
61,302,178 59,757,698 61,302,178 59,757,698


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,544,480 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
61,302,178 59,757,698 61,302,178 59,757,698

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 taxable value to be invalid, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range or

3) The appraisal district that appraises property for the school district was not in compliance with the scoring requirement of the Comptroller's most recent review of the appraisal district conducted under section 5.102, Tax Code (MAP Review)