MOREH PEAK PS
| Owner | PRLT PARTNERS LLC |
|---|---|
| Parcel ID | 0118960127 |
| Short ID | 961910 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 1,052,932 SF |
| Acres | 24.172 |
| Year Built | — |
| Legal | PRESERVATION RANCH BLK A LOT 17 (1-d-1w) |
| Neighborhood | P5190 |
| Land | $2,958,320 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,958,320 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,239,765 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,239,765 |
| Value Limitation Adjustment (−) (homestead cap) | −$2,236,961 |
| Net Appraised (assessed) | $2,804 |
| Taxable Value | $2,804 |
|---|
Appreciation: Market value has risen +302.9% from $555,956 (2022) to $2,239,765 (2025), a CAGR of 59.1% over 3 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Agricultural parcel countywide rose +34.6%, so this parcel has outpaced the broader agricultural market over the same period.
Tax Burden: The combined rate across 4 taxing entities is 1.6240% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $46. Lake Travis ISD is the largest single contributor, at 64.0% of the total 2025 levy.
Assessment Gap: Assessed value ($2,804) is $2,236,961 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Agricultural. Agricultural valuation may be subject to rollback taxes if land use changes.
Value Composition: Land carries 132% of market value ($2,958,320 land vs $0 improvements), about $3/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,239,765, this parcel sits in the top quartile (≥75th percentile) of Agricultural property in Travis County — county median $561,432 (P25 $179,824 / P75 $1,355,511, n=7,602). Agricultural here is the broad TCAD category — every agricultural property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +42.6% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $13,521,688 by 2031, with an estimated annual tax burden around $189,956. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $29.15 | $29.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10.54 | $10.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3.31 | $3.31 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $2.53 | $2.53 | Paid |
| Combined Rate | 1.7993% | 1.7157% | 1.5625% | 1.6056% | 1.6240% | +0.0184% | $45.53 | $45.53 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILT Lake Travis ISD | 1.0397% | $29.15 | 64.0% |
| TCO Travis County | 0.3758% | $10.54 | 23.1% |
| THD Travis Central Health | 0.1180% | $3.31 | 7.3% |
| E06 Travis County ESD # 06 | 0.0904% | $2.53 | 5.6% |
| Total | 1.6240% | $45.53 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,296,340 | $2,239,765 | +2.5% |
| Assessed Value | $2,592 | $2,804 | -7.6% |
| Land Value | $2,296,340 | $2,958,320 | -22.4% |
| Improvement Value | — | — | — |
| Taxable Value | $2,592 | $2,804 | -7.6% |
| HS Cap Loss | -$2,293,748 | — | |
| Total Tax 2026 = estimate |
~$42
Estimated
|
~$46
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,296,340 | $2,296,340 | — | −$2,293,748 | $2,592 | $2,592 | Not yet — post-cert | Preliminary |
| 2025 | $2,239,765 | $2,958,320 | — | −$2,236,961 | $2,804 | $2,804 | ~$46 | Partial |
| 2024 | $2,958,320 | $2,958,320 | — | −$2,955,653 | $2,667 | $2,667 | $43 | Verified |
| 2023 | $2,223,824 | $2,223,824 | — | −$2,221,180 | $2,644 | $2,644 | $41 | Verified |
| 2022 | $555,956 | $555,956 | — | −$553,506 | $2,450 | $2,450 | $42 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.5% | -7.6% | 0.1% | Not available | Partial |
| 2025 | -24.3% | +5.1% | 0.1% | Not available | Partial |
| 2024 | +33.0% | +0.9% | 0.1% | No billing data | Verified |
| 2023 | +300.0% ! | +7.9% | 0.1% | No billing data | Verified |
| 2022 | base year | — | 0.4% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +302.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.5% | +77.8% | +42.6% | +300.0% | 2023 | -24.3% | 2025 |
| Assessment Ratio | 0.1% | 0.2% | — | 0.4% | 2022 | 0.1% | 2023 |
| Effective Tax Rate (2025) | 0.0000% | 0.0000% | — | 0.0000% | 2025 | 0.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$46 | $43 | ~$110,017 | $46 | 2025 | $41 | 2023 |
Market value changed by 300% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$3,273,672 | ~$3,273,672 | ~1.5801% | ~$51,729 | +42.6% |
| 2028 | ~$4,666,960 | ~$4,666,960 | ~1.5363% | ~$71,699 | +103.2% |
| 2029 | ~$6,653,237 | ~$6,653,237 | ~1.4925% | ~$99,298 | +189.7% |
| 2030 | ~$9,484,883 | ~$9,484,883 | ~1.4487% | ~$137,403 | +313.0% |
| 2031 | ~$13,521,688 | ~$13,521,688 | ~1.4048% | ~$189,956 | +488.8% |
| 2027 | ~$3,227,745 | ~$3,227,745 | ~1.6240% | ~$52,418 | +40.6% |
| 2028 | ~$4,536,932 | ~$4,536,932 | ~1.6240% | ~$73,678 | +97.6% |
| 2029 | ~$6,377,130 | ~$6,377,130 | ~1.6240% | ~$103,562 | +177.7% |
| 2030 | ~$8,963,720 | ~$8,963,720 | ~1.6240% | ~$145,568 | +290.3% |
| 2031 | ~$12,599,442 | ~$12,599,442 | ~1.6240% | ~$204,611 | +448.7% |
| 2027 | ~$3,319,599 | ~$3,319,599 | ~1.5582% | ~$51,727 | +44.6% |
| 2028 | ~$4,798,825 | ~$4,798,825 | ~1.4925% | ~$71,622 | +109.0% |
| 2029 | ~$6,937,202 | ~$6,937,202 | ~1.4267% | ~$98,976 | +202.1% |
| 2030 | ~$10,028,447 | ~$10,028,447 | ~1.3610% | ~$136,487 | +336.7% |
| 2031 | ~$14,497,165 | ~$14,497,165 | ~1.2953% | ~$187,776 | +531.3% |
In 2025, this property's market value of $2,239,765 places it in the top 25% for Agricultural properties in Travis County (7602 comparable) — 4× the county median of $561,432. Agricultural here is the broad TCAD category — every agricultural property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $2,239,765 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $2,958,320 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $2,223,824 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $555,956 | $166,375 | $416,994 | $932,726 | ↑ Above median | +46.1% |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2022–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |