INNOVAR CIR TX 78653
| Owner | JANIS ATX LLC |
|---|---|
| Parcel ID | 0247380310 |
| Short ID | 944131 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 32,848 SF |
| Land SF | 65,776 SF |
| Acres | 1.510 |
| Year Built | 2023 |
| Legal | LOT 2 BLK C EASTVILLAGE TOWNCENTER |
| Neighborhood | 1NE1 |
| Land | $789,307 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $789,307 |
| Improvement | $8,910,693 |
|---|---|
| Total Improvement | $8,910,693 |
| Market | $9,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,700,000 |
| Taxable Value | $9,700,000 |
|---|
Appreciation: Market value has risen +14647.0% from $65,776 (2021) to $9,700,000 (2025), a CAGR of 248.5% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +17.8%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $213,660. Manor ISD is the largest single contributor, at 49.1% 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 8% of market value ($789,307 land vs $8,910,693 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $9,700,000, 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 +188.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,602,244,025 by 2031, with an estimated annual tax burden around $394,503. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 16,424 SF | ✓ |
| 2ND | 2nd Floor | 16,424 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $104,895.80 | $104,895.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $50,829.65 | $50,829.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $36,456.97 | $36,456.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,448.23 | $11,448.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,029.80 | $10,029.80 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $213,660.45 | $213,660.45 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $104,895.80 | 49.1% |
| CAT City of Austin | 0.5240% | $50,829.65 | 23.8% |
| TCO Travis County | 0.3758% | $36,456.97 | 17.1% |
| THD Travis Central Health | 0.1180% | $11,448.23 | 5.4% |
| ACT Austin Community College | 0.1034% | $10,029.80 | 4.7% |
| Total | 2.2027% | $213,660.45 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $13,083,012 | $9,700,000 | +34.9% |
| Assessed Value | $13,083,012 | $9,700,000 | +34.9% |
| Land Value | $789,307 | $789,307 | +0.0% |
| Improvement Value | $12,293,705 | $8,910,693 | +38.0% |
| Taxable Value | $13,083,012 | $9,700,000 | +34.9% |
| Total Tax 2026 = estimate |
~$288,178
Estimated
|
~$213,660
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $13,083,012 | $789,307 | $12,293,705 | — | $13,083,012 | $13,083,012 | Not yet — post-cert | Preliminary |
| 2025 | $9,700,000 | $789,307 | $8,910,693 | — | $9,700,000 | $9,700,000 | ~$213,660 | Partial |
| 2024 | $3,990,191 | $789,307 | $3,200,884 | — | $3,990,191 | $3,990,191 | $84,301 | Verified |
| 2023 | $2,305,703 | $789,307 | $1,516,396 | — | $2,305,703 | $2,305,703 | $41,272 | Verified |
| 2022 | $131,551 | $131,551 | — | — | $131,551 | $131,551 | $3,066 | Verified |
| 2021 | $65,776 | $65,776 | — | — | $65,776 | $65,776 | $1,623 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +34.9% | +34.9% | ~100% | Not available | Partial |
| 2025 | +143.1% ! | +143.1% | ~100% | Not available | Partial |
| 2024 | +73.1% | +73.1% | ~100% | No billing data | Verified |
| 2023 | +1652.7% ! | +1652.7% | ~100% | No billing data | Verified |
| 2022 | +100.0% ! | +100.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14647.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +34.9% | +400.8% | +188.2% | +1652.7% | 2023 | +34.9% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$213,660 | $68,784 | ~$350,021 | $213,660 | 2025 | $1,623 | 2021 |
Market value changed by 100% 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 | ~$37,708,199 | ~$14,391,313 | ~2.1366% | ~$307,486 | +188.2% |
| 2028 | ~$108,683,559 | ~$15,830,445 | ~2.0705% | ~$327,775 | +730.7% |
| 2029 | ~$313,250,597 | ~$17,413,489 | ~2.0045% | ~$349,047 | +2294.3% |
| 2030 | ~$902,859,067 | ~$19,154,838 | ~1.9384% | ~$371,296 | +6801.0% |
| 2031 | ~$2,602,244,025 | ~$21,070,322 | ~1.8723% | ~$394,503 | +19790.3% |
| 2027 | ~$37,446,539 | ~$14,391,313 | ~2.2027% | ~$316,995 | +186.2% |
| 2028 | ~$107,180,464 | ~$15,830,445 | ~2.2027% | ~$348,695 | +719.2% |
| 2029 | ~$306,774,729 | ~$17,413,489 | ~2.2027% | ~$383,564 | +2244.8% |
| 2030 | ~$878,058,656 | ~$19,154,838 | ~2.2027% | ~$421,921 | +6611.4% |
| 2031 | ~$2,513,202,456 | ~$21,070,322 | ~2.2027% | ~$464,113 | +19109.7% |
| 2027 | ~$37,969,860 | ~$14,391,313 | ~2.1036% | ~$302,732 | +190.2% |
| 2028 | ~$110,197,120 | ~$15,830,445 | ~2.0045% | ~$317,316 | +742.3% |
| 2029 | ~$319,816,965 | ~$17,413,489 | ~1.9054% | ~$331,789 | +2344.5% |
| 2030 | ~$928,181,164 | ~$19,154,838 | ~1.8062% | ~$345,983 | +6994.6% |
| 2031 | ~$2,693,791,659 | ~$21,070,322 | ~1.7071% | ~$359,699 | +20490.0% |
In 2025, this property's market value of $9,700,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 7× 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 | $9,700,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $3,990,191 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $2,305,703 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $131,551 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $65,776 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 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 | — |