WELLS RD TX 78621
| Owner | LUNDGREN LELAND |
|---|---|
| Parcel ID | 0251990417 |
| Short ID | 259311 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 5,509,904 SF |
| Acres | 126.490 |
| Year Built | — |
| Legal | ABS 518 SUR 65 MARTIN H ACR 126.49 (1-D-1) |
| Neighborhood | _RGN320 |
| Land | $4,425,457 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,425,457 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,425,457 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,425,457 |
| Value Limitation Adjustment (−) (homestead cap) | −$4,391,850 |
| Net Appraised (assessed) | $33,607 |
| Taxable Value | $33,607 |
|---|
Appreciation: Market value has risen +389.7% from $903,776 (2021) to $4,425,457 (2025), a CAGR of 48.8% 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 outpaced the broader agricultural market over the same period.
Tax Burden: The combined rate across 4 taxing entities is 0.6973% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $234. Travis County is the largest single contributor, at 53.9% of the total 2025 levy.
Assessment Gap: Assessed value ($33,607) is $4,391,850 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 ($4,425,457 land vs $0 improvements), about $1/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 $4,425,457, 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 +31.6% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $14,960,420 by 2031, with an estimated annual tax burden around $108,669. 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 |
|---|---|---|---|---|---|---|---|---|---|
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $126.31 | $126.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $39.66 | $39.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $34.75 | $34.75 | Paid |
| E13 Travis County ESD # 13 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $33.61 | $33.61 | Paid |
| Combined Rate | 0.6740% | 0.6156% | 0.6039% | 0.6537% | 0.6973% | +0.0436% | $234.33 | $234.33 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| TCO Travis County | 0.3758% | $126.31 | 53.9% |
| THD Travis Central Health | 0.1180% | $39.66 | 16.9% |
| ACT Austin Community College | 0.1034% | $34.75 | 14.8% |
| E13 Travis County ESD # 13 | 0.1000% | $33.61 | 14.3% |
| Total | 0.6973% | $234.33 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,794,700 | $4,425,457 | -14.3% |
| Assessed Value | $34,824 | $33,607 | +3.6% |
| Land Value | $3,794,700 | $4,425,457 | -14.3% |
| Improvement Value | — | — | — |
| Taxable Value | $34,824 | $33,607 | +3.6% |
| HS Cap Loss | -$3,759,876 | — | |
| Total Tax 2026 = estimate |
~$243
Estimated
|
~$234
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,794,700 | $3,794,700 | — | −$3,759,876 | $34,824 | $34,824 | Not yet — post-cert | Preliminary |
| 2025 | $4,425,457 | $4,425,457 | — | −$4,391,850 | $33,607 | $33,607 | ~$234 | Partial |
| 2024 | $4,425,457 | $4,425,457 | — | −$4,395,374 | $30,083 | $30,083 | $197 | Verified |
| 2023 | $1,264,900 | $1,264,900 | — | −$1,232,640 | $32,260 | $32,260 | $195 | Verified |
| 2022 | $1,266,381 | $1,264,900 | $1,481 | −$1,232,685 | $33,696 | $33,696 | $207 | Verified |
| 2021 | $903,776 | — | $1,481 | −$869,503 | $34,273 | $34,273 | $231 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -14.3% | +3.6% | 0.9% | Not available | Partial |
| 2025 | +0.0% | +11.7% | 0.8% | Not available | Partial |
| 2024 | +249.9% ! | -6.7% | 0.7% | No billing data | Verified |
| 2023 | -0.1% | -4.3% | 2.6% | No billing data | Verified |
| 2022 | +40.1% | -1.7% | 2.7% | No billing data | Verified |
| 2021 | base year | — | 3.8% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +389.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.3% | +55.1% | +31.6% | +249.9% | 2024 | -14.3% | 2026 |
| Assessment Ratio | 0.9% | 1.9% | — | 3.8% | 2021 | 0.7% | 2024 |
| Effective Tax Rate (2025) | 0.0100% | 0.0100% | — | 0.0100% | 2025 | 0.0100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$234 | $213 | ~$66,809 | $234 | 2025 | $195 | 2023 |
Market value changed by 250% 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 | ~$4,992,645 | ~$4,992,645 | ~0.7031% | ~$35,103 | +31.6% |
| 2028 | ~$6,568,769 | ~$6,568,769 | ~0.7089% | ~$46,567 | +73.1% |
| 2029 | ~$8,642,457 | ~$8,642,457 | ~0.7147% | ~$61,771 | +127.8% |
| 2030 | ~$11,370,787 | ~$11,370,787 | ~0.7206% | ~$81,933 | +199.6% |
| 2031 | ~$14,960,420 | ~$14,960,420 | ~0.7264% | ~$108,669 | +294.2% |
| 2027 | ~$4,916,751 | ~$4,916,751 | ~0.6973% | ~$34,283 | +29.6% |
| 2028 | ~$6,370,581 | ~$6,370,581 | ~0.6973% | ~$44,420 | +67.9% |
| 2029 | ~$8,254,292 | ~$8,254,292 | ~0.6973% | ~$57,555 | +117.5% |
| 2030 | ~$10,694,996 | ~$10,694,996 | ~0.6973% | ~$74,573 | +181.8% |
| 2031 | ~$13,857,389 | ~$13,857,389 | ~0.6973% | ~$96,623 | +265.2% |
| 2027 | ~$5,068,539 | ~$5,068,539 | ~0.7060% | ~$35,784 | +33.6% |
| 2028 | ~$6,769,993 | ~$6,769,993 | ~0.7147% | ~$48,387 | +78.4% |
| 2029 | ~$9,042,605 | ~$9,042,605 | ~0.7235% | ~$65,420 | +138.3% |
| 2030 | ~$12,078,109 | ~$12,078,109 | ~0.7322% | ~$88,436 | +218.3% |
| 2031 | ~$16,132,598 | ~$16,132,598 | ~0.7409% | ~$119,532 | +325.1% |
In 2025, this property's market value of $4,425,457 places it in the top 25% for Agricultural properties in Travis County (7602 comparable) — 8× 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 | $4,425,457 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $4,425,457 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $1,264,900 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $1,266,381 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $903,776 | $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 | — |