taxes Property Tax Assistance

2021 ISD Summary Worksheet

040-Cochran /Cochran County

040-901/Morton ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 19,117,167 0.9538 20,043,161 19,117,167
B - MULTIFAMILY 25,162 N/A 25,162 25,162
C1 - VACANT LOTS 240,333 N/A 240,333 240,333
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,254,856 1.6815 8,477,297 14,254,856
D2 - FARM & RANCH IMP 420,809 N/A 420,809 420,809
E - NON-AG LAND AND IMPROVEMENTS 8,137,212 0.8969 9,072,597 8,137,212
F1 - COMMERCIAL REAL 4,225,891 0.9354 4,517,737 4,225,891
F2 - INDUSTRIAL REAL 680,199 N/A 680,199 680,199
G - ALL MINERALS 2,661,349 0.9674 2,751,033 2,661,349
J - ALL UTILITIES 4,352,807 0.8616 5,052,004 4,352,807
L1 - COMMERCIAL PERSONAL 5,178,107 1.0163 5,095,058 5,178,107
L2 - INDUSTRIAL PERSONAL 3,917,154 N/A 3,917,154 3,917,154
M1 - MOBILE HOMES 435,483 N/A 435,483 435,483
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 911,804 N/A 911,804 911,804
Subtotal 64,558,333 0 61,639,831 64,558,333
Less Total Deductions 10,999,182 0 11,277,213 10,999,182
Total Taxable Value 53,559,151 0 50,362,618 53,559,151

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
55,493,825 53,559,151 55,493,825 53,559,151


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,934,674 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
55,493,825 53,559,151 55,493,825 53,559,151

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

040-901-02/Morton ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 19,117,167 0.9538 20,043,161 19,117,167
B - MULTIFAMILY 25,162 N/A 25,162 25,162
C1 - VACANT LOTS 240,333 N/A 240,333 240,333
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 14,254,856 1.6815 8,477,297 14,254,856
D2 - FARM & RANCH IMP 420,809 N/A 420,809 420,809
E - NON-AG LAND AND IMPROVEMENTS 8,137,212 0.8969 9,072,597 8,137,212
F1 - COMMERCIAL REAL 4,225,891 0.9354 4,517,737 4,225,891
F2 - INDUSTRIAL REAL 680,199 N/A 680,199 680,199
G - ALL MINERALS 2,661,349 0.9674 2,751,033 2,661,349
J - ALL UTILITIES 4,352,807 0.8616 5,052,004 4,352,807
L1 - COMMERCIAL PERSONAL 5,178,107 1.0163 5,095,058 5,178,107
L2 - INDUSTRIAL PERSONAL 3,917,154 N/A 3,917,154 3,917,154
M1 - MOBILE HOMES 435,483 N/A 435,483 435,483
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 911,804 N/A 911,804 911,804
Subtotal 64,558,333 61,639,831 64,558,333
Less Total Deductions 10,999,182 11,277,213 10,999,182
Total Taxable Value 53,559,151 50,362,618 53,559,151

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
55,493,825 53,559,151 55,493,825 53,559,151


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,934,674 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
55,493,825 53,559,151 55,493,825 53,559,151

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