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2007 ISD Summary Worksheet

040/Cochran
040-901/Morton ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 16,202,240 .9877 16,404,009 16,404,009
B. Multi-Family Residences 31,450 N/A 31,450 31,450
C. Vacant Lots 243,600 N/A 243,600 243,600
D. Rural Real(Taxable) 28,682,540 .7407 38,722,333 38,722,333
F1. Commercial Real 3,113,640 N/A 3,113,640 3,113,640
F2. Industrial Real 2,446,370 N/A 2,446,370 2,446,370
G. Oil, Gas, Minerals 7,750,210 1.0013 7,740,148 7,740,148
J. Utilities 2,928,650 N/A 2,928,650 2,928,650
L1. Commercial Personal 4,692,930 1.0257 4,575,344 4,575,344
L2. Industrial Personal 1,646,010 N/A 1,646,010 1,646,010
M. Other Personal 423,450 N/A 423,450 423,450
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 68,161,090 78,275,004 78,275,004
Less Total Deductions 9,423,006   9,506,145 9,506,145
Total Taxable Value 58,738,084 68,768,859 68,768,859 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 5,175,740 .9397 5,507,864
Prod Value Qualified Acres 23,506,800 .7077 33,214,469
Taxable Value 28,682,540   38,722,333

The taxable values shown here will not match the values reported by your appraisal district

NOTE: See the ISD Deduction Report for a breakdown of deduction values

SB4, Passed by the 1999 legislature, (Section 403.302(J) and (K), Government Code), requires the Comptroller to certify alternative measures of school district wealth (T1, T3, and T4) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division of State Funding at the Texas Education Agency, Telephone #512-463-9238.

T1 Loss To The Additional $10,000 Homestead Exemption T2 50% Of The Loss To The Local Optional Percentage Homestead Exemption T3 T4
73,154,249 4,385,390 68,768,859 0 73,154,249 68,768,859

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value after the loss to the additional $10,000 homestead exemption

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

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

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