2503 HANCOCK AVE TX 78645
| Owner | GROB KELLIE & ROBERT GROB |
|---|---|
| Parcel ID | 0162860601 |
| Short ID | 162253 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 15,990 SF |
| Acres | 0.367 |
| Year Built | — |
| Legal | LOT 18004 *BELOW 715' CONTOUR HIGHLAND LAKE ESTATES SEC 18 |
| Neighborhood | S04WF |
| Land | $149,760 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $149,760 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $149,760 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $149,760 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $149,760 |
| Taxable Value | $149,760 |
|---|
Appreciation: Market value has risen +220.0% from $46,800 (2021) to $149,760 (2025), a CAGR of 33.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.1307% in 2025 (+0.0473% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3,191. Lago Vista ISD is the largest single contributor, at 47.7% of the total 2025 levy.
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 ($149,760 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 $149,760, this parcel sits in the upper-middle (50th–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 +9.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $119,808 by 2031, with an estimated annual tax burden around $2,032. 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILV Lago Vista ISD | 1.2020% | 1.1846% | 1.0192% | 1.0169% | 1.0169% | +0.0000% | $1,522.91 | $1,522.91 | Paid |
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $628.99 | $628.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $562.87 | $562.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $176.75 | $176.75 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $149.76 | $149.76 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $149.71 | $149.71 | Paid |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $3,190.99 | $3,190.99 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILV Lago Vista ISD | 1.0169% | $1,522.91 | 47.7% |
| CLV City of Lago Vista | 0.4200% | $628.99 | 19.7% |
| TCO Travis County | 0.3758% | $562.87 | 17.6% |
| THD Travis Central Health | 0.1180% | $176.75 | 5.5% |
| E01 Travis County ESD # 01 | 0.1000% | $149.76 | 4.7% |
| E07 Travis County ESD # 07 | 0.1000% | $149.71 | 4.7% |
| Total | 2.1307% | $3,190.99 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $74,880 | $149,760 | -50.0% |
| Assessed Value | $74,880 | $149,760 | -50.0% |
| Land Value | $74,880 | $149,760 | -50.0% |
| Improvement Value | — | — | — |
| Taxable Value | $74,880 | $149,760 | -50.0% |
| Total Tax 2026 = estimate |
~$1,595
Estimated
|
~$3,191
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $74,880 | $74,880 | — | — | $74,880 | $74,880 | Not yet — post-cert | Preliminary |
| 2025 | $149,760 | $149,760 | — | — | $149,760 | $149,760 | ~$3,191 | Partial |
| 2024 | $254,592 | $254,592 | — | −$101,592 | $153,000 | $153,000 | $2,656 | Verified |
| 2023 | $312,000 | $312,000 | — | — | $312,000 | $312,000 | $2,579 | Verified |
| 2022 | $312,000 | $312,000 | — | — | $312,000 | $312,000 | $6,890 | Verified |
| 2021 | $46,800 | $46,800 | — | — | $46,800 | $46,800 | $1,160 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -50.0% | -50.0% | ~100% | Not available | Partial |
| 2025 | -41.2% | -2.1% | ~100% | Not available | Partial |
| 2024 | -18.4% | -51.0% | 60.1% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +566.7% ! | +566.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +220.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -50.0% | +91.4% | +9.9% | +566.7% | 2022 | -50.0% | 2026 |
| Assessment Ratio | 100.0% | 93.4% | — | 100.0% | 2021 | 60.1% | 2024 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,191 | $3,295 | ~$1,857 | $6,890 | 2022 | $1,160 | 2021 |
Market value changed by 567% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$82,260 | ~$82,260 | ~2.0439% | ~$1,681 | +9.9% |
| 2028 | ~$90,368 | ~$90,368 | ~1.9570% | ~$1,769 | +20.7% |
| 2029 | ~$99,275 | ~$99,275 | ~1.8702% | ~$1,857 | +32.6% |
| 2030 | ~$109,059 | ~$109,059 | ~1.7833% | ~$1,945 | +45.6% |
| 2031 | ~$119,808 | ~$119,808 | ~1.6964% | ~$2,032 | +60.0% |
| 2027 | ~$80,763 | ~$80,763 | ~2.1307% | ~$1,721 | +7.9% |
| 2028 | ~$87,107 | ~$87,107 | ~2.1307% | ~$1,856 | +16.3% |
| 2029 | ~$93,951 | ~$93,951 | ~2.1307% | ~$2,002 | +25.5% |
| 2030 | ~$101,331 | ~$101,331 | ~2.1307% | ~$2,159 | +35.3% |
| 2031 | ~$109,292 | ~$109,292 | ~2.1307% | ~$2,329 | +46.0% |
| 2027 | ~$83,758 | ~$83,758 | ~2.0004% | ~$1,676 | +11.9% |
| 2028 | ~$93,688 | ~$93,688 | ~1.8702% | ~$1,752 | +25.1% |
| 2029 | ~$104,796 | ~$104,796 | ~1.7399% | ~$1,823 | +40.0% |
| 2030 | ~$117,221 | ~$117,221 | ~1.6096% | ~$1,887 | +56.5% |
| 2031 | ~$131,118 | ~$131,118 | ~1.4793% | ~$1,940 | +75.1% |
In 2025, this property's market value of $149,760 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — +77% above 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 | $149,760 | $24,862 | $84,423 | $362,804 | ↑ Above median | +2.1% |
| 2024 | $254,592 | $23,000 | $66,000 | $328,966 | ↑ Above median | +0.0% |
| 2023 | $312,000 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $312,000 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $46,800 | $8,000 | $22,000 | $81,900 | ↑ Above median | 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 | — |