taxes Property Tax Assistance

2022 ISD Summary Worksheet

040-Cochran /Cochran County

040-901/Morton ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 20,183,157 0.8034 25,122,177 25,122,177
B - MULTIFAMILY 25,659 N/A 25,659 25,659
C1 - VACANT LOTS 238,458 N/A 238,458 238,458
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,783,653 1.3981 7,712,802 7,712,802
D2 - FARM & RANCH IMP 421,170 N/A 421,170 421,170
E - NON-AG LAND AND IMPROVEMENTS 8,943,208 0.8455 10,577,419 10,577,419
F1 - COMMERCIAL REAL 4,316,348 0.8576 5,033,055 5,033,055
F2 - INDUSTRIAL REAL 667,930 N/A 667,930 667,930
G - ALL MINERALS 4,479,727 N/A 4,479,727 4,479,727
J - ALL UTILITIES 4,507,895 N/A 4,507,895 4,507,895
L1 - COMMERCIAL PERSONAL 3,865,336 0.9405 4,109,873 4,109,873
L2 - INDUSTRIAL PERSONAL 2,532,385 N/A 2,532,385 2,532,385
M1 - MOBILE HOMES 417,690 N/A 417,690 417,690
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 830,485 N/A 830,485 830,485
Subtotal 62,213,101 0 66,676,725 66,676,725
Less Total Deductions 13,427,535 0 14,900,743 14,900,743
Total Taxable Value 48,785,566 0 51,775,982 51,775,982

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 T13
52,111,822 51,775,982 52,111,822 51,775,982 56,801,822


Loss to the
Increase in the
State-Mandated Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption 		Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
335,840 0 4,690,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
52,111,822 51,775,982 52,111,822 51,775,982 56,801,822

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 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)

040-901-02/Morton ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 20,183,157 0.8034 25,122,177 25,122,177
B - MULTIFAMILY 25,659 N/A 25,659 25,659
C1 - VACANT LOTS 238,458 N/A 238,458 238,458
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,783,653 1.3981 7,712,802 7,712,802
D2 - FARM & RANCH IMP 421,170 N/A 421,170 421,170
E - NON-AG LAND AND IMPROVEMENTS 8,943,208 0.8455 10,577,419 10,577,419
F1 - COMMERCIAL REAL 4,316,348 0.8576 5,033,055 5,033,055
F2 - INDUSTRIAL REAL 667,930 N/A 667,930 667,930
G - ALL MINERALS 4,479,727 N/A 4,479,727 4,479,727
J - ALL UTILITIES 4,507,895 N/A 4,507,895 4,507,895
L1 - COMMERCIAL PERSONAL 3,865,336 0.9405 4,109,873 4,109,873
L2 - INDUSTRIAL PERSONAL 2,532,385 N/A 2,532,385 2,532,385
M1 - MOBILE HOMES 417,690 N/A 417,690 417,690
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 830,485 N/A 830,485 830,485
Subtotal 62,213,101 66,676,725 66,676,725
Less Total Deductions 13,427,535 14,900,743 14,900,743
Total Taxable Value 48,785,566 51,775,982 51,775,982

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 T13
52,111,822 51,775,982 52,111,822 51,775,982 56,801,822


Loss to the
Increase in the
State-Mandated Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption 		Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
335,840 0 4,690,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
52,111,822 51,775,982 52,111,822 51,775,982 56,801,822

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement