SERENE HILLS DR TX 78738
| Owner | SLLV FUND LLC |
|---|---|
| Parcel ID | 0129800302 |
| Short ID | 125898 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 94,090 SF |
| Acres | 2.160 |
| Year Built | — |
| Legal | LOT 2 *(2.16 ACR) MAJESTIC HILLS RANCHETTES |
| Neighborhood | R3014 |
| Land | $827,280 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $827,280 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $827,280 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $827,280 |
| Value Limitation Adjustment (−) (homestead cap) | −$594,498 |
| Net Appraised (assessed) | $232,782 |
| Taxable Value | $232,782 |
|---|
Appreciation: Market value has risen +388.8% from $169,257 (2021) to $827,280 (2025), a CAGR of 48.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +283.7%, so this parcel has outpaced the broader land/vacant 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 $3,780. Lake Travis ISD is the largest single contributor, at 64.0% of the total 2025 levy.
Assessment Gap: Assessed value ($232,782) is $594,498 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($827,280 land vs $0 improvements), about $9/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 $827,280, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +37.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,043,509 by 2031, with an estimated annual tax burden around $56,804. 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% | $2,420.23 | $2,420.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $874.90 | $874.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $274.74 | $274.74 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $210.43 | $210.43 | Paid |
| Combined Rate | 1.7993% | 1.7157% | 1.5625% | 1.6056% | 1.6240% | +0.0184% | $3,780.30 | $3,780.30 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILT Lake Travis ISD | 1.0397% | $2,420.23 | 64.0% |
| TCO Travis County | 0.3758% | $874.90 | 23.1% |
| THD Travis Central Health | 0.1180% | $274.74 | 7.3% |
| E06 Travis County ESD # 06 | 0.0904% | $210.43 | 5.6% |
| Total | 1.6240% | $3,780.30 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $827,280 | $827,280 | +0.0% |
| Assessed Value | $827,280 | $232,782 | +255.4% |
| Land Value | $827,280 | $827,280 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $827,280 | $232,782 | +255.4% |
| Total Tax 2026 = estimate |
~$13,435
Estimated
|
~$3,780
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $827,280 | $827,280 | — | — | $827,280 | $827,280 | Not yet — post-cert | Preliminary |
| 2025 | $827,280 | $827,280 | — | −$594,498 | $232,782 | $232,782 | ~$3,780 | Partial |
| 2024 | $827,280 | $827,280 | — | −$633,295 | $193,985 | $193,985 | $3,115 | Verified |
| 2023 | $161,654 | $161,654 | — | — | $161,654 | $161,654 | $2,526 | Verified |
| 2022 | $161,654 | $161,654 | — | — | $161,654 | $161,654 | $2,774 | Verified |
| 2021 | $169,257 | $169,257 | — | — | $169,257 | $169,257 | $3,045 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +255.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 28.1% | Not available | Partial |
| 2024 | +411.8% ! | +20.0% | 23.4% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | -4.5% | -4.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +388.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +81.5% | +37.3% | +411.8% | 2024 | -4.5% | 2022 |
| Assessment Ratio | 100.0% | 75.2% | — | 100.0% | 2021 | 23.4% | 2024 |
| Effective Tax Rate (2025) | 0.4600% | 0.4600% | — | 0.4600% | 2025 | 0.4600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,780 | $3,048 | ~$34,675 | $3,780 | 2025 | $2,526 | 2023 |
Market value changed by 412% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,136,249 | ~$1,136,249 | ~1.5801% | ~$17,954 | +37.3% |
| 2028 | ~$1,560,612 | ~$1,560,612 | ~1.5363% | ~$23,976 | +88.6% |
| 2029 | ~$2,143,463 | ~$2,143,463 | ~1.4925% | ~$31,991 | +159.1% |
| 2030 | ~$2,943,996 | ~$2,943,996 | ~1.4487% | ~$42,648 | +255.9% |
| 2031 | ~$4,043,509 | ~$4,043,509 | ~1.4048% | ~$56,804 | +388.8% |
| 2027 | ~$1,119,704 | ~$1,119,704 | ~1.6240% | ~$18,184 | +35.3% |
| 2028 | ~$1,515,493 | ~$1,515,493 | ~1.6240% | ~$24,611 | +83.2% |
| 2029 | ~$2,051,183 | ~$2,051,183 | ~1.6240% | ~$33,311 | +147.9% |
| 2030 | ~$2,776,228 | ~$2,776,228 | ~1.6240% | ~$45,085 | +235.6% |
| 2031 | ~$3,757,559 | ~$3,757,559 | ~1.6240% | ~$61,022 | +354.2% |
| 2027 | ~$1,152,795 | ~$1,152,795 | ~1.5582% | ~$17,963 | +39.3% |
| 2028 | ~$1,606,393 | ~$1,606,393 | ~1.4925% | ~$23,975 | +94.2% |
| 2029 | ~$2,238,470 | ~$2,238,470 | ~1.4267% | ~$31,937 | +170.6% |
| 2030 | ~$3,119,255 | ~$3,119,255 | ~1.3610% | ~$42,453 | +277.0% |
| 2031 | ~$4,346,608 | ~$4,346,608 | ~1.2953% | ~$56,300 | +425.4% |
In 2025, this property's market value of $827,280 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 10× the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $827,280 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $827,280 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $161,654 | $24,692 | $71,500 | $270,000 | ↑ Above median | +0.0% |
| 2022 | $161,654 | $15,000 | $55,000 | $180,000 | ↑ Above median | +100.0% |
| 2021 | $169,257 | $8,000 | $22,000 | $81,900 | ↑ 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 | — |