4608 FREEDOM DR TX 78731
| Owner | GROVE RESIDENTIAL DEV INC |
|---|---|
| Parcel ID | 0124000682 |
| Short ID | 913353 |
| Type | Real |
| Use Code | O Other / Unclassified |
| Valuation | Unknown |
| Improvement SF | — |
| Land SF | 420,075 SF |
| Acres | 9.644 |
| Year Built | — |
| Legal | GROVE MASTER CONDOMINIUMS THE AMENDED (FUTURE LAND DEVELOPMENT) (FUTURE LAND DEVELOPMENT) |
| Neighborhood | Y319C1 |
| Land | $8,401,496 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,401,496 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $6,721,197 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,721,197 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,721,197 |
| Taxable Value | $6,721,197 |
|---|
Appreciation: Market value has fallen -47.5% from $12,795,469 (2021) to $6,721,197 (2025), a CAGR of -14.9% over 4 years. Growth has been relatively flat for this asset class. 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.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $137,548. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: O.
Value Composition: Land carries 125% of market value ($8,401,496 land vs $0 improvements), about $20/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.
Forward Outlook: Holding the -12.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,530,507 by 2031, with an estimated annual tax burden around $66,506. 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $62,184.51 | $62,184.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $35,220.21 | $35,220.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,261.28 | $25,261.28 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,932.56 | $7,932.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,949.72 | $6,949.72 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $137,548.28 | $137,548.28 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $62,184.51 | 45.2% |
| CAT City of Austin | 0.5240% | $35,220.21 | 25.6% |
| TCO Travis County | 0.3758% | $25,261.28 | 18.4% |
| THD Travis Central Health | 0.1180% | $7,932.56 | 5.8% |
| ACT Austin Community College | 0.1034% | $6,949.72 | 5.1% |
| Total | 2.0465% | $137,548.28 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,721,197 | $6,721,197 | +0.0% |
| Assessed Value | $6,721,197 | $6,721,197 | +0.0% |
| Land Value | $8,401,496 | $8,401,496 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $6,721,197 | $6,721,197 | +0.0% |
| Total Tax 2026 = estimate |
~$137,548
Estimated
|
~$137,548
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $6,721,197 | $8,401,496 | — | — | $6,721,197 | $6,721,197 | Not yet — post-cert | Preliminary |
| 2025 | $6,721,197 | $8,401,496 | — | — | $6,721,197 | $6,721,197 | ~$137,548 | Partial |
| 2024 | $6,721,197 | $8,401,496 | — | — | $6,721,197 | $6,721,197 | $133,202 | Verified |
| 2023 | $6,721,197 | $8,401,496 | — | — | $6,721,197 | $6,721,197 | $121,603 | Verified |
| 2022 | $11,000,000 | $13,792,594 | — | — | $11,000,000 | $11,000,000 | $217,242 | Verified |
| 2021 | $12,795,469 | $12,795,469 | — | — | $12,795,469 | $12,795,469 | $278,516 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | -38.9% | -38.9% | ~100% | No billing data | Verified |
| 2022 | -14.0% | -14.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -47.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -10.6% | -12.1% | +0.0% | 2024 | -38.9% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$137,548 | $177,622 | ~$90,883 | $278,516 | 2021 | $121,603 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$5,909,146 | ~$5,909,146 | ~2.0139% | ~$119,006 | -12.1% |
| 2028 | ~$5,195,206 | ~$5,195,206 | ~1.9814% | ~$102,937 | -22.7% |
| 2029 | ~$4,567,524 | ~$4,567,524 | ~1.9488% | ~$89,014 | -32.0% |
| 2030 | ~$4,015,679 | ~$4,015,679 | ~1.9163% | ~$76,952 | -40.3% |
| 2031 | ~$3,530,507 | ~$3,530,507 | ~1.8837% | ~$66,506 | -47.5% |
| 2027 | ~$6,385,137 | ~$6,385,137 | ~2.0465% | ~$130,671 | -5.0% |
| 2028 | ~$6,065,880 | ~$6,065,880 | ~2.0465% | ~$124,137 | -9.8% |
| 2029 | ~$5,762,586 | ~$5,762,586 | ~2.0465% | ~$117,930 | -14.3% |
| 2030 | ~$5,474,457 | ~$5,474,457 | ~2.0465% | ~$112,034 | -18.5% |
| 2031 | ~$5,200,734 | ~$5,200,734 | ~2.0465% | ~$106,432 | -22.6% |
| 2027 | ~$6,043,570 | ~$6,043,570 | ~1.9977% | ~$120,730 | -10.1% |
| 2028 | ~$5,434,261 | ~$5,434,261 | ~1.9488% | ~$105,905 | -19.1% |
| 2029 | ~$4,886,382 | ~$4,886,382 | ~1.9000% | ~$92,842 | -27.3% |
| 2030 | ~$4,393,739 | ~$4,393,739 | ~1.8512% | ~$81,337 | -34.6% |
| 2031 | ~$3,950,765 | ~$3,950,765 | ~1.8024% | ~$71,207 | -41.2% |
| 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 | — |