12815 SHOPS PARKWAY TX
| Owner | IVT SHOPS AT GALLERIA |
|---|---|
| Parcel ID | 0119630212 |
| Short ID | 850969 |
| Type | Real |
| Use Code | 41 Community Shopping Center |
| Valuation | Income |
| Improvement SF | 17,050 SF |
| Land SF | 70,567 SF |
| Acres | 1.620 |
| Year Built | 2008 |
| Legal | LOT 6A BLK A SHOPS AT THE GALLERIA LTS 2,8-9 BLK A & LTS 1-4 BLK B, LT 1 BLK C, LT 6A BLK A REPLAT |
| Neighborhood | 41SWE |
| Land | $1,058,508 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,058,508 |
| Improvement | $5,927,742 |
|---|---|
| Total Improvement | $5,927,742 |
| Market | $6,986,250 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,986,250 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,986,250 |
| Taxable Value | $6,986,250 |
|---|
Appreciation: Market value has risen +2.3% from $6,830,533 (2021) to $6,986,250 (2025), a CAGR of 0.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +17.8%, so this parcel has lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.1190% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $148,036. Lake Travis ISD is the largest single contributor, at 49.4% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 15% of market value ($1,058,508 land vs $5,927,742 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,986,250, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial 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 +2.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $8,522,016 by 2031, with an estimated annual tax burden around $158,772. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 19,500 SF | ✗ |
| 1ST | 1st Floor | 17,050 SF | ✓ |
| 501 | CANOPY | 3,472 SF | ✗ |
| 611 | TERRACE | 2,844 SF | ✗ |
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% | $69,691.16 | $69,691.16 | Paid |
| U6J West Travis County MUD # 8 | 0.5044% | 0.4834% | 0.4750% | 0.4750% | 0.4750% | +0.0000% | $30,833.70 | $30,833.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,192.92 | $25,192.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,911.09 | $7,911.09 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $6,059.45 | $6,059.45 | Paid |
| VBC City of Bee Cave | 0.0200% | 0.0200% | 0.0200% | 0.0200% | 0.0200% | +0.0000% | $1,340.60 | $1,340.60 | Paid |
| Combined Rate | 2.3237% | 2.2191% | 2.0575% | 2.1006% | 2.1190% | +0.0184% | $141,028.92 | $141,028.92 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILT Lake Travis ISD | 1.0397% | $69,691.16 | 49.4% |
| U6J West Travis County MUD # 8 | 0.4750% | $30,833.70 | 21.9% |
| TCO Travis County | 0.3758% | $25,192.92 | 17.9% |
| THD Travis Central Health | 0.1180% | $7,911.09 | 5.6% |
| E06 Travis County ESD # 06 | 0.0904% | $6,059.45 | 4.3% |
| VBC City of Bee Cave | 0.0200% | $1,340.60 | 1.0% |
| Total | 2.1190% | $141,028.92 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,629,542 | $6,986,250 | +9.2% |
| Assessed Value | $7,629,542 | $6,986,250 | +9.2% |
| Land Value | $1,058,508 | $1,058,508 | +0.0% |
| Improvement Value | $6,571,034 | $5,927,742 | +10.9% |
| Taxable Value | $7,629,542 | $6,986,250 | +9.2% |
| Total Tax 2026 = estimate |
~$161,667
Estimated
|
~$141,029
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $7,629,542 | $1,058,508 | $6,571,034 | — | $7,629,542 | $7,629,542 | Not yet — post-cert | Preliminary |
| 2025 | $6,986,250 | $1,058,508 | $5,927,742 | — | $6,986,250 | $6,986,250 | ~$141,029 | Partial |
| 2024 | $6,910,278 | $1,058,508 | $5,851,770 | — | $6,910,278 | $6,910,278 | $139,657 | Verified |
| 2023 | $6,941,095 | $1,058,508 | $5,882,587 | — | $6,941,095 | $6,941,095 | $135,252 | Verified |
| 2022 | $6,596,600 | $1,058,508 | $5,538,092 | — | $6,596,600 | $6,596,600 | $138,527 | Verified |
| 2021 | $6,830,533 | $1,058,508 | $5,772,025 | — | $6,830,533 | $6,830,533 | $147,742 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.2% | +9.2% | ~100% | Not available | Partial |
| 2025 | +1.1% | +1.1% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | No billing data | Verified |
| 2023 | +5.2% | +5.2% | ~100% | No billing data | Verified |
| 2022 | -3.4% | -3.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.2% | +2.3% | +2.2% | +9.2% | 2026 | -3.4% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0200% | 2.0200% | — | 2.0200% | 2025 | 2.0200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$141,029 | $140,441 | ~$160,138 | $147,742 | 2021 | $135,252 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$7,800,227 | ~$7,800,227 | ~2.0678% | ~$161,292 | +2.2% |
| 2028 | ~$7,974,731 | ~$7,974,731 | ~2.0166% | ~$160,819 | +4.5% |
| 2029 | ~$8,153,138 | ~$8,153,138 | ~1.9654% | ~$160,244 | +6.9% |
| 2030 | ~$8,335,537 | ~$8,335,537 | ~1.9143% | ~$159,563 | +9.3% |
| 2031 | ~$8,522,016 | ~$8,522,016 | ~1.8631% | ~$158,772 | +11.7% |
| 2027 | ~$7,647,636 | ~$7,647,636 | ~2.1190% | ~$162,051 | +0.2% |
| 2028 | ~$7,665,773 | ~$7,665,773 | ~2.1190% | ~$162,435 | +0.5% |
| 2029 | ~$7,683,953 | ~$7,683,953 | ~2.1190% | ~$162,820 | +0.7% |
| 2030 | ~$7,702,177 | ~$7,702,177 | ~2.1190% | ~$163,207 | +1.0% |
| 2031 | ~$7,720,443 | ~$7,720,443 | ~2.1190% | ~$163,594 | +1.2% |
| 2027 | ~$7,952,818 | ~$7,952,818 | ~2.0422% | ~$162,412 | +4.2% |
| 2028 | ~$8,289,791 | ~$8,289,791 | ~1.9654% | ~$162,930 | +8.7% |
| 2029 | ~$8,641,043 | ~$8,641,043 | ~1.8887% | ~$163,200 | +13.3% |
| 2030 | ~$9,007,178 | ~$9,007,178 | ~1.8119% | ~$163,201 | +18.1% |
| 2031 | ~$9,388,826 | ~$9,388,826 | ~1.7351% | ~$162,909 | +23.1% |
In 2025, this property's market value of $6,986,250 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 5× the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial 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 | $6,986,250 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $6,910,278 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $6,941,095 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $6,596,600 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $6,830,533 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 25% | base yr |
| 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 | 2021–2024 | 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 | 2021, 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 | — |