RECTOR LOOP TX 78653
| Owner | MERITAGE HOMES OF TEXAS LLC |
|---|---|
| Parcel ID | 0243590101 |
| Short ID | 815596 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 4,661,704 SF |
| Acres | 107.018 |
| Year Built | — |
| Legal | ABS 63 SUR 62 BACON S & VAR SUR ACR 107.0180 (1-D-1) |
| Neighborhood | _BACRE |
| Land | $8,026,350 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,026,350 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $8,026,350 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,026,350 |
| Value Limitation Adjustment (−) (homestead cap) | −$6,142,665 |
| Net Appraised (assessed) | $1,883,685 |
| Taxable Value | $1,883,685 |
|---|
Appreciation: Market value has risen +87.5% from $4,280,720 (2021) to $8,026,350 (2025), a CAGR of 17.0% 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 Agricultural parcel countywide rose +96.0%, so this parcel has lagged the broader agricultural market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.7287% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $51,400. Manor ISD is the largest single contributor, at 39.6% of the total 2025 levy.
Assessment Gap: Assessed value ($1,883,685) is $6,142,665 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 100% of market value ($8,026,350 land vs $0 improvements), about $2/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 $8,026,350, 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 +21.0% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $20,809,403 by 2031, with an estimated annual tax burden around $503,490. 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $20,370.17 | $20,370.17 | Paid |
| U7H Wilbarger Creek MUD # 2 | 0.9500% | 0.9500% | 0.9500% | 0.9500% | 0.9500% | +0.0000% | $17,895.01 | $17,895.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,079.74 | $7,079.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,223.18 | $2,223.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,947.73 | $1,947.73 | Paid |
| E12 Travis County ESD # 12 | 0.1000% | 0.1000% | 0.0982% | 0.1000% | 0.1000% | +0.0000% | $1,883.69 | $1,883.69 | Paid |
| Combined Rate | 2.9760% | 2.9176% | 2.6382% | 2.6851% | 2.7287% | +0.0436% | $51,399.52 | $51,399.52 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $20,370.17 | 39.6% |
| U7H Wilbarger Creek MUD # 2 | 0.9500% | $17,895.01 | 34.8% |
| TCO Travis County | 0.3758% | $7,079.74 | 13.8% |
| THD Travis Central Health | 0.1180% | $2,223.18 | 4.3% |
| ACT Austin Community College | 0.1034% | $1,947.73 | 3.8% |
| E12 Travis County ESD # 12 | 0.1000% | $1,883.69 | 3.7% |
| Total | 2.7287% | $51,399.52 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,026,350 | $8,026,350 | +0.0% |
| Assessed Value | $1,883,744 | $1,883,685 | +0.0% |
| Land Value | $8,026,350 | $8,026,350 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,883,744 | $1,883,685 | +0.0% |
| HS Cap Loss | -$6,142,606 | — | |
| Total Tax 2026 = estimate |
~$51,401
Estimated
|
~$51,400
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $8,026,350 | $8,026,350 | — | −$6,142,606 | $1,883,744 | $1,883,744 | Not yet — post-cert | Preliminary |
| 2025 | $8,026,350 | $8,026,350 | — | −$6,142,665 | $1,883,685 | $1,883,685 | ~$51,400 | Partial |
| 2024 | $8,026,350 | $16,052,700 | — | −$6,142,778 | $1,883,572 | $1,883,572 | $108,932 | Verified |
| 2023 | $3,745,630 | $7,491,260 | — | −$2,862,012 | $883,618 | $883,618 | $50,501 | Verified |
| 2022 | $3,745,630 | $7,491,260 | — | −$2,861,697 | $883,933 | $883,933 | $52,976 | Verified |
| 2021 | $4,280,720 | $4,280,720 | — | — | $4,280,720 | $2,140,360 | $30,644 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | 23.5% | Not available | Partial |
| 2025 | +0.0% | +0.0% | 23.5% | Not available | Partial |
| 2024 | +114.3% ! | +113.2% | 23.5% | No billing data | Verified |
| 2023 | +0.0% | -0.0% | 23.6% | No billing data | Verified |
| 2022 | -12.5% | -79.4% | 23.6% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +87.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +20.4% | +21.0% | +114.3% | 2024 | -12.5% | 2022 |
| Assessment Ratio | 23.5% | 36.3% | — | 100.0% | 2021 | 23.5% | 2024 |
| Effective Tax Rate (2025) | 0.6400% | 0.6400% | — | 0.6400% | 2025 | 0.6400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$51,400 | $58,891 | ~$371,369 | $108,932 | 2024 | $30,644 | 2021 |
Market value changed by 114% 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 | ~$9,711,055 | ~$9,711,055 | ~2.6668% | ~$258,978 | +21.0% |
| 2028 | ~$11,749,373 | ~$11,749,373 | ~2.6050% | ~$306,073 | +46.4% |
| 2029 | ~$14,215,528 | ~$14,215,528 | ~2.5432% | ~$361,527 | +77.1% |
| 2030 | ~$17,199,321 | ~$17,199,321 | ~2.4814% | ~$426,777 | +114.3% |
| 2031 | ~$20,809,403 | ~$20,809,403 | ~2.4195% | ~$503,490 | +159.3% |
| 2027 | ~$9,550,528 | ~$9,550,528 | ~2.7287% | ~$260,602 | +19.0% |
| 2028 | ~$11,364,142 | ~$11,364,142 | ~2.7287% | ~$310,090 | +41.6% |
| 2029 | ~$13,522,155 | ~$13,522,155 | ~2.7287% | ~$368,975 | +68.5% |
| 2030 | ~$16,089,968 | ~$16,089,968 | ~2.7287% | ~$439,042 | +100.5% |
| 2031 | ~$19,145,401 | ~$19,145,401 | ~2.7287% | ~$522,414 | +138.5% |
| 2027 | ~$9,871,582 | ~$9,871,582 | ~2.6359% | ~$260,208 | +23.0% |
| 2028 | ~$12,141,026 | ~$12,141,026 | ~2.5432% | ~$308,769 | +51.3% |
| 2029 | ~$14,932,208 | ~$14,932,208 | ~2.4504% | ~$365,905 | +86.0% |
| 2030 | ~$18,365,074 | ~$18,365,074 | ~2.3577% | ~$432,994 | +128.8% |
| 2031 | ~$22,587,145 | ~$22,587,145 | ~2.2650% | ~$511,590 | +181.4% |
In 2025, this property's market value of $8,026,350 places it in the top 25% for Agricultural properties in Travis County (7602 comparable) — 14× 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 | $8,026,350 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $8,026,350 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $3,745,630 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $3,745,630 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $4,280,720 | $105,498 | $286,444 | $607,111 | ↑ 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 | — |