taxes Property Tax Assistance

2017 ISD Summary Worksheet

040/Cochran

040-901/Morton ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 19,458,631 .8805 22,099,524 19,458,631
B. Multi-Family Residences 29,001 N/A 29,001 29,001
C1. Vacant Lots 243,853 N/A 243,853 243,853
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 12,649,246 1.9296 6,555,284 12,649,246
D2. Real Prop Farm & Ranch 380,255 N/A 380,255 380,255
E. Real Prop NonQual Acres 8,163,061 .9113 8,957,600 8,163,061
F1. Commercial Real 4,072,123 .9142 4,454,302 4,072,123
F2. Industrial Real 1,329,466 N/A 1,329,466 1,329,466
G. Oil, Gas, Minerals 4,380,157 1.0275 4,262,927 4,380,157
J. Utilities 3,645,538 .8147 4,474,700 3,645,538
L1. Commercial Personal 5,579,071 1.0006 5,575,726 5,579,071
L2. Industrial Personal 3,449,504 N/A 3,449,504 3,449,504
M. Other Personal 471,018 N/A 471,018 471,018
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 807,337 N/A 807,337 807,337
Subtotal 64,658,261 63,090,497 64,658,261
Less Total Deductions 11,317,314   12,098,526 11,317,314
Total Taxable Value 53,340,947 50,991,971 53,340,947 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
55,107,250 53,340,947 55,107,250 53,340,947


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,766,303 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
55,107,250 53,340,947 55,107,250 53,340,947

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