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  <import namespace="http://fasb.org/us-roles/2020-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd" xmlns="http://www.w3.org/2001/XMLSchema" />
  <import namespace="http://fasb.org/us-gaap/2020-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd" xmlns="http://www.w3.org/2001/XMLSchema" />
  <import namespace="http://fasb.org/srt/2020-01-31" schemaLocation="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ChangesInLandDevelopmentInventoriesIncludedInAccountsPayableAndAccruedLiabilities" name="ChangesInLandDevelopmentInventoriesIncludedInAccountsPayableAndAccruedLiabilities" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <xs:element name="PaymentsToContingentLiabilityHolders" id="pcyo_PaymentsToContingentLiabilityHolders" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" />
  <xs:element name="ProjectManagementFeesMember" id="pcyo_ProjectManagementFeesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="MeteredWaterUsageOilAndGasOperationsMember" id="pcyo_MeteredWaterUsageOilAndGasOperationsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="MeteredWaterUsageMunicipalCustomersMember" id="pcyo_MeteredWaterUsageMunicipalCustomersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="LotSalesMember" id="pcyo_LotSalesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="WaterAndWastewaterTapFeesMember" id="pcyo_WaterAndWastewaterTapFeesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="WastewaterTreatmentFeesMember" id="pcyo_WastewaterTreatmentFeesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <element id="pcyo_RelatedPartyRecognitionOfPublicImprovementReimbursables" name="RelatedPartyRecognitionOfPublicImprovementReimbursables" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <xs:element name="SpecialFacilityProjectsAndOtherMember" id="pcyo_SpecialFacilityProjectsAndOtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="AccruedLiabilitiesIncludingRelatedPartiesCurrent" id="pcyo_AccruedLiabilitiesIncludingRelatedPartiesCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" />
  <xs:element name="AccruedLiabilitiesWaterInfrastructurePartnershipCurrent" id="pcyo_AccruedLiabilitiesWaterInfrastructurePartnershipCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" />
  <xs:element name="VolumeOfWaterPurchased" id="pcyo_VolumeOfWaterPurchased" type="num:volumeItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="RangeviewDistrictMember" id="pcyo_RangeviewDistrictMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="Phase2NumberOfResidentialLotsSold" id="pcyo_Phase2NumberOfResidentialLotsSold" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="WisePartnershipMember" id="pcyo_WisePartnershipMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ParticipatingInterestsLiability" id="pcyo_ParticipatingInterestsLiability" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" />
  <xs:element name="Phase2AreaOfLandIncluded" id="pcyo_Phase2AreaOfLandIncluded" type="num:areaItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="Phase2NumberOfSubPhasesForDevelopment" id="pcyo_Phase2NumberOfSubPhasesForDevelopment" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="Phase2NumberOfResidentialLotsIncluded" id="pcyo_Phase2NumberOfResidentialLotsIncluded" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xs:element name="Phase2NumberOfLotsNotCurrentlyUnderContractToHomeBuilders" id="pcyo_Phase2NumberOfLotsNotCurrentlyUnderContractToHomeBuilders" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xs:element name="LoanReceivableMember" id="pcyo_LoanReceivableMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="NoteReceivableMember" id="pcyo_NoteReceivableMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="FacilitiesFundingAndAcquisitionAgreementMember" id="pcyo_FacilitiesFundingAndAcquisitionAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="SkyRanchCommunityAuthorityBoardMember" id="pcyo_SkyRanchCommunityAuthorityBoardMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="NotesReceivableBasisSpreadOnVariableRate" id="pcyo_NotesReceivableBasisSpreadOnVariableRate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="NotesReceivableRelatedPartiesPrincipal" id="pcyo_NotesReceivableRelatedPartiesPrincipal" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" />
  <xs:element name="NotesReceivableMaximumBorrowingCapacity" id="pcyo_NotesReceivableMaximumBorrowingCapacity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" />
  <xs:element name="WaterRate" id="pcyo_WaterRate" type="srt-types:perUnitItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xs:element name="NotesReceivableRenewalTerm" id="pcyo_NotesReceivableRenewalTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="WaterAndWastewaterResourceDevelopmentSegmentMember" id="pcyo_WaterAndWastewaterResourceDevelopmentSegmentMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="CostOfRevenueExcludingDepletionAndDepreciation" id="pcyo_CostOfRevenueExcludingDepletionAndDepreciation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <xs:element name="LandDevelopmentSegmentMember" id="pcyo_LandDevelopmentSegmentMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="IncentivePlan2004AndEquityPlan2014Member" id="pcyo_IncentivePlan2004AndEquityPlan2014Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="OtherMember" id="pcyo_OtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="Phase1ReimbursableCostsMember" id="pcyo_Phase1ReimbursableCostsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="Phase2ReimbursableCostsMember" id="pcyo_Phase2ReimbursableCostsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <element id="pcyo_ReimbursableCostsExpectedCostRemaining" name="ReimbursableCostsExpectedCostRemaining" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <xs:element name="ReimbursableCostsCostIncurredToDate" id="pcyo_ReimbursableCostsCostIncurredToDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" />
  <xs:element name="Phase2ReimbursablePublicImprovementsMember" id="pcyo_Phase2ReimbursablePublicImprovementsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="Phase1AccruedInterestMember" id="pcyo_Phase1AccruedInterestMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="Phase1ProjectManagementServicesMember" id="pcyo_Phase1ProjectManagementServicesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodAfterForfeituresWeightedAverageExercisePrice" id="pcyo_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodAfterForfeituresWeightedAverageExercisePrice" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="EquityIncentivePlan2014Member" id="pcyo_EquityIncentivePlan2014Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <element id="pcyo_NumberOfLiabilities" name="NumberOfLiabilities" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xmlns="http://www.w3.org/2001/XMLSchema" />
  <xs:element name="WaterSupplyOtherMember" id="pcyo_WaterSupplyOtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="SkyRanchWaterRightsAndOtherCostsMember" id="pcyo_SkyRanchWaterRightsAndOtherCostsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="RangeviewWaterSystemMember" id="pcyo_RangeviewWaterSystemMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="FairgroundsWaterAndWaterSystemMember" id="pcyo_FairgroundsWaterAndWaterSystemMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="RangeviewWaterSupplyMember" id="pcyo_RangeviewWaterSupplyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="SkyRanchPipelineMember" id="pcyo_SkyRanchPipelineMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="WildPointeServiceRightsMember" id="pcyo_WildPointeServiceRightsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="LostCreekWaterSupplyMember" id="pcyo_LostCreekWaterSupplyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ProceedsFromSaleOfLotsAndNeighborhoodAmenities" id="pcyo_ProceedsFromSaleOfLotsAndNeighborhoodAmenities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <element id="pcyo_ScheduleOfReimbursableCostsTableTextBlock" name="ScheduleOfReimbursableCostsTableTextBlock" nillable="true" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <xs:element name="NumberOfSingleFamilyHomesBeingConstructed" id="pcyo_NumberOfSingleFamilyHomesBeingConstructed" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <element id="pcyo_Phase1ReimbursablePublicImprovementsAndConstructionSupportActivitiesAndAccruedInterestMember" name="Phase1ReimbursablePublicImprovementsAndConstructionSupportActivitiesAndAccruedInterestMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_CoronavirusAidReliefAndEconomicSecurityActCovid19PolicyPolicyTextBlock" name="CoronavirusAidReliefAndEconomicSecurityActCovid19PolicyPolicyTextBlock" nillable="true" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_SouthMetropolitanWaterSupplyAuthorityMember" name="SouthMetropolitanWaterSupplyAuthorityMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_SingleFamilyRentalUnits" name="SingleFamilyRentalUnits" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_LandAndMineralRightsHeldForDevelopment" name="LandAndMineralRightsHeldForDevelopment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_LandAndMineralRightsHeldForInvestment" name="LandAndMineralRightsHeldForInvestment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_IncreaseDecreaseInLandUnderDevelopment" name="IncreaseDecreaseInLandUnderDevelopment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ChangesInReimbursablePublicImprovementsIncludedInAccountsPayableAndAccruedLiabilities" name="ChangesInReimbursablePublicImprovementsIncludedInAccountsPayableAndAccruedLiabilities" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ReimbursablePublicImprovementsAndNotesReceivableAbstract" name="ReimbursablePublicImprovementsAndNotesReceivableAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_LandAndMineralRightsAbstract" name="LandAndMineralRightsAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_PercentageOfCompletionOfFirstPhaseOfConstruction" name="PercentageOfCompletionOfFirstPhaseOfConstruction" nillable="true" type="num:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_PercentageOfCompletionOfFirstSubPhaseOfSecondDevelopmentPhaseOfConstruction" name="PercentageOfCompletionOfFirstSubPhaseOfSecondDevelopmentPhaseOfConstruction" nillable="true" type="num:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ReadyToBuildFinishedLotMember" name="ReadyToBuildFinishedLotMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfWaterAndWastewaterTapsSold" name="NumberOfWaterAndWastewaterTapsSold" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfSingleFamilyHomesLeased" name="NumberOfSingleFamilyHomesLeased" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_LessorLeaseTerm" name="LessorLeaseTerm" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfLotsReservedForSingleFamilyRentalUnits" name="NumberOfLotsReservedForSingleFamilyRentalUnits" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ChangesInInvestmentsInWaterWaterSystemsIncludedInAccountsPayableAndAccruedLiabilities" name="ChangesInInvestmentsInWaterWaterSystemsIncludedInAccountsPayableAndAccruedLiabilities" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ReimbursableCostsIncurredRelatedParty" name="ReimbursableCostsIncurredRelatedParty" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ProjectManagementFeesReceivableRelatedParty" name="ProjectManagementFeesReceivableRelatedParty" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_CostsIncurredConstructionCosts" name="CostsIncurredConstructionCosts" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfSingleFamilyRentalHousesConstructionCompleted" name="NumberOfSingleFamilyRentalHousesConstructionCompleted" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_SingleFamilyRentalHomesMember" name="SingleFamilyRentalHomesMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_DebtInstrumentFloorInterestRate" name="DebtInstrumentFloorInterestRate" nillable="true" type="num:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_DebtInstrumentCeilingInterestRate" name="DebtInstrumentCeilingInterestRate" nillable="true" type="num:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_DebtInstrumentNumberOfInterestOnlyPayments" name="DebtInstrumentNumberOfInterestOnlyPayments" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_DebtInstrumentNumberOfPrincipalAndInterestPayments" name="DebtInstrumentNumberOfPrincipalAndInterestPayments" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfSingleFamilyRentalHomesSecuredForDebt" name="NumberOfSingleFamilyRentalHomesSecuredForDebt" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_DebtServiceCoverageRatio" name="DebtServiceCoverageRatio" nillable="true" type="xbrli:pureItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_Phase2AccruedInterestMember" name="Phase2AccruedInterestMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_Phase2ProjectManagementServicesMember" name="Phase2ProjectManagementServicesMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_WaterServiceOperationsMember" name="WaterServiceOperationsMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_WastewaterServiceOperationsMember" name="WastewaterServiceOperationsMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_SingleFamilyRentalsMember" name="SingleFamilyRentalsMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_WaterAndWaterSystemsNet" name="WaterAndWaterSystemsNet" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_AccumulatedDepreciationDepletionAndAmortizationWaterAndWaterSystems" name="AccumulatedDepreciationDepletionAndAmortizationWaterAndWaterSystems" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_WaterAndWaterSystemsGross" name="WaterAndWaterSystemsGross" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_FinishedLotMember" name="FinishedLotMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_SkyRanchHomesMember" name="SkyRanchHomesMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfCustomers" name="NumberOfCustomers" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_OilAndGasOperatorMember" name="OilAndGasOperatorMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_LennarMember" name="LennarMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_ChallengerMember" name="ChallengerMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_KbHomeColoradoIncMember" name="KbHomeColoradoIncMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_SingleFamilyRentalHomeNotesMember" name="SingleFamilyRentalHomeNotesMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfLotsInFirstSubphase" name="NumberOfLotsInFirstSubphase" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfLotsRetainedForUseInSingleFamilyRentBusiness" name="NumberOfLotsRetainedForUseInSingleFamilyRentBusiness" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfFinishedLotsSold" name="NumberOfFinishedLotsSold" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_Phase2ConstructionCostsIncurredToDate" name="Phase2ConstructionCostsIncurredToDate" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_PeriodInWhichAdditionalConstructionCostsToBeIncurred" name="PeriodInWhichAdditionalConstructionCostsToBeIncurred" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_AdditionalConstructionCostsToBeIncurred" name="AdditionalConstructionCostsToBeIncurred" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_PeriodForCompletionOfConstructionOfSecondDevelopmentPhase" name="PeriodForCompletionOfConstructionOfSecondDevelopmentPhase" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_HomebuildersMember" name="HomebuildersMember" nillable="true" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_RevenueRecognizedFromCurrentPeriodIncreaseInContractLiability" name="RevenueRecognizedFromCurrentPeriodIncreaseInContractLiability" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_TotalRevenueRecognizedFromBothBeginningBalanceAndCurrentPeriodIncreaseInContractLiability" name="TotalRevenueRecognizedFromBothBeginningBalanceAndCurrentPeriodIncreaseInContractLiability" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_AccruedLiabilitiesCurrentLineItems" name="AccruedLiabilitiesCurrentLineItems" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" xmlns="http://www.w3.org/2001/XMLSchema" />
  <element id="pcyo_NumberOfLoanAgreements" name="NumberOfLoanAgreements" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xmlns="http://www.w3.org/2001/XMLSchema" />
</xs:schema>
