INNOVAR CIR TX 78653
| Owner | JANIS ATX LLC |
|---|---|
| Parcel ID | 0247380312 |
| Short ID | 944133 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 17,824 SF |
| Land SF | 43,560 SF |
| Acres | 1.000 |
| Year Built | 2023 |
| Legal | LOT 4 BLK C EASTVILLAGE TOWNCENTER |
| Neighborhood | 1NE1 |
| Land | $522,720 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $522,720 |
| Improvement | $4,757,280 |
|---|---|
| Total Improvement | $4,757,280 |
| Market | $5,280,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,280,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,280,000 |
| Taxable Value | $5,280,000 |
|---|
Appreciation: Market value has risen +12021.2% from $43,560 (2021) to $5,280,000 (2025), a CAGR of 231.8% 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 $116,302. 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 10% of market value ($522,720 land vs $4,757,280 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 $5,280,000, 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 +179.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,248,723,624 by 2031, with an estimated annual tax burden around $222,392. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 501 | CANOPY | 10,815 SF | ✗ |
| 1ST | 1st Floor | 9,687 SF | ✓ |
| 2ND | 2nd Floor | 8,137 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% | $57,097.92 | $57,097.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $27,668.10 | $27,668.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,844.62 | $19,844.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,231.61 | $6,231.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,459.52 | $5,459.52 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $116,301.77 | $116,301.77 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $57,097.92 | 49.1% |
| CAT City of Austin | 0.5240% | $27,668.10 | 23.8% |
| TCO Travis County | 0.3758% | $19,844.62 | 17.1% |
| THD Travis Central Health | 0.1180% | $6,231.61 | 5.4% |
| ACT Austin Community College | 0.1034% | $5,459.52 | 4.7% |
| Total | 2.2027% | $116,301.77 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,375,256 | $5,280,000 | +39.7% |
| Assessed Value | $7,375,256 | $5,280,000 | +39.7% |
| Land Value | $522,720 | $522,720 | +0.0% |
| Improvement Value | $6,852,536 | $4,757,280 | +44.0% |
| Taxable Value | $7,375,256 | $5,280,000 | +39.7% |
| Total Tax 2026 = estimate |
~$162,454
Estimated
|
~$116,302
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $7,375,256 | $522,720 | $6,852,536 | — | $7,375,256 | $7,375,256 | Not yet — post-cert | Preliminary |
| 2025 | $5,280,000 | $522,720 | $4,757,280 | — | $5,280,000 | $5,280,000 | ~$116,302 | Partial |
| 2024 | $2,645,505 | $522,720 | $2,122,785 | — | $2,645,505 | $2,645,505 | $55,892 | Verified |
| 2023 | $1,523,524 | $522,720 | $1,000,804 | — | $1,523,524 | $1,523,524 | $27,271 | Verified |
| 2022 | $87,120 | $87,120 | — | — | $87,120 | $87,120 | $2,030 | Verified |
| 2021 | $43,560 | $43,560 | — | — | $43,560 | $43,560 | $1,075 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +39.7% | +39.7% | ~100% | Not available | Partial |
| 2025 | +99.6% ! | +99.6% | ~100% | Not available | Partial |
| 2024 | +73.6% | +73.6% | ~100% | No billing data | Verified |
| 2023 | +1648.8% ! | +1648.8% | ~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): +12021.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +39.7% | +392.3% | +179.1% | +1648.8% | 2023 | +39.7% | 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 |
$116,302 | $40,514 | ~$197,317 | $116,302 | 2025 | $1,075 | 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 | ~$20,583,297 | ~$8,112,782 | ~2.1366% | ~$173,339 | +179.1% |
| 2028 | ~$57,445,074 | ~$8,924,060 | ~2.0705% | ~$184,776 | +678.9% |
| 2029 | ~$160,321,083 | ~$9,816,466 | ~2.0045% | ~$196,768 | +2073.8% |
| 2030 | ~$447,433,485 | ~$10,798,112 | ~1.9384% | ~$209,310 | +5966.7% |
| 2031 | ~$1,248,723,624 | ~$11,877,924 | ~1.8723% | ~$222,392 | +16831.3% |
| 2027 | ~$20,435,792 | ~$8,112,782 | ~2.2027% | ~$178,699 | +177.1% |
| 2028 | ~$56,624,692 | ~$8,924,060 | ~2.2027% | ~$196,569 | +667.8% |
| 2029 | ~$156,899,019 | ~$9,816,466 | ~2.2027% | ~$216,226 | +2027.4% |
| 2030 | ~$434,745,009 | ~$10,798,112 | ~2.2027% | ~$237,848 | +5794.6% |
| 2031 | ~$1,204,616,981 | ~$11,877,924 | ~2.2027% | ~$261,633 | +16233.2% |
| 2027 | ~$20,730,802 | ~$8,112,782 | ~2.1036% | ~$170,658 | +181.1% |
| 2028 | ~$58,271,356 | ~$8,924,060 | ~2.0045% | ~$178,880 | +690.1% |
| 2029 | ~$163,792,546 | ~$9,816,466 | ~1.9054% | ~$187,038 | +2120.8% |
| 2030 | ~$460,397,699 | ~$10,798,112 | ~1.8062% | ~$195,040 | +6142.5% |
| 2031 | ~$1,294,112,869 | ~$11,877,924 | ~1.7071% | ~$202,772 | +17446.7% |
In 2025, this property's market value of $5,280,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 4× 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 | $5,280,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $2,645,505 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $1,523,524 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $87,120 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $43,560 | $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 | — |