MERRILLTOWN DR TX 78728
| Owner | DARTAGNAN PARTNERS L P |
|---|---|
| Parcel ID | 0275110220 |
| Short ID | 277878 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 2,671,796 SF |
| Acres | 61.336 |
| Year Built | — |
| Legal | ABS 390 SUR 77 HORNSBY W ABS 570 SUR 70 MERRILL M ACR 61.336 [1-D-1] |
| Neighborhood | 1NO3 |
| Land | $26,717,962 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $26,717,962 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $8,015,388 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,015,388 |
| Value Limitation Adjustment (−) (homestead cap) | −$8,009,167 |
| Net Appraised (assessed) | $6,221 |
| Taxable Value | $6,221 |
|---|
Appreciation: Market value has risen +93.5% from $4,141,284 (2021) to $8,015,388 (2025), a CAGR of 17.9% 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 1.6136% in 2025 (+0.0359% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $100. Round Rock ISD is the largest single contributor, at 55.3% of the total 2025 levy.
Assessment Gap: Assessed value ($6,221) is $8,009,167 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 333% of market value ($26,717,962 land vs $0 improvements), about $10/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 $8,015,388, 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 +49.5% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $199,763,378 by 2031, with an estimated annual tax burden around $2,651,760. 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.
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| Travis County | 0.3444% | 0.3758% | +2 |
| Travis Central Health | 0.1080% | 0.1180% | +1 |
| Travis County ESD #17 | 0.0370% | 0.0305% | -0 |
| Austin Community College | 0.1013% | 0.1034% | +0 |
| Travis County ESD # 02 | 0.0939% | 0.0928% | -0 |
| Round Rock ISD | 0.8931% | 0.8931% | +0 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $55.56 | $— | $55.56 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23.38 | $— | $23.38 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7.34 | $— | $7.34 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6.43 | $— | $6.43 |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $5.77 | $— | $5.77 |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $1.90 | $— | $1.90 |
| Combined Rate | 1.8426% | 1.6827% | 1.5232% | 1.5777% | 1.6136% | +0.0359% | $100.38 | $0.00 | $100.38 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IRR Round Rock ISD | 0.8931% | $55.56 | 55.3% |
| TCO Travis County | 0.3758% | $23.38 | 23.3% |
| THD Travis Central Health | 0.1180% | $7.34 | 7.3% |
| ACT Austin Community College | 0.1034% | $6.43 | 6.4% |
| E02 Travis County ESD # 02 | 0.0928% | $5.77 | 5.7% |
| E17 Travis County ESD #17 | 0.0305% | $1.90 | 1.9% |
| Total | 1.6136% | $100.38 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $26,717,962 | $8,015,388 | +233.3% |
| Assessed Value | $6,505 | $6,221 | +4.6% |
| Land Value | $26,717,962 | $26,717,962 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $6,505 | $6,221 | +4.6% |
| HS Cap Loss | -$26,711,457 | — | |
| Total Tax 2026 = estimate |
~$105
Estimated
|
$100 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $26,717,962 | $26,717,962 | — | −$26,711,457 | $6,505 | $6,505 | Not yet — post-cert | Preliminary |
| 2025 | $8,015,388 | $26,717,962 | — | −$8,009,167 | $6,221 | $6,221 | $100 | Verified |
| 2024 | $26,717,962 | $26,717,962 | — | −$26,712,404 | $5,558 | $5,558 | $88 | Verified |
| 2023 | $8,015,388 | $8,015,388 | — | −$8,009,551 | $5,837 | $5,837 | $89 | Verified |
| 2022 | $5,343,592 | $8,015,388 | — | −$5,337,986 | $5,606 | $5,606 | $94 | Verified |
| 2021 | $4,141,284 | — | — | −$4,136,162 | $5,122 | $5,122 | $94 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +233.3% ! | +4.6% | 0.0% | Not available | Partial |
| 2025 | -70.0% | +11.9% | 0.1% | 0.0000% | Verified |
| 2024 | +233.3% ! | -4.8% | 0.0% | No billing data | Verified |
| 2023 | +50.0% | +4.1% | 0.1% | No billing data | Verified |
| 2022 | +29.0% | +9.4% | 0.1% | No billing data | Verified |
| 2021 | base year | — | 0.1% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +93.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +233.3% | +95.1% | +49.5% | +233.3% | 2026 | -70.0% | 2025 |
| Assessment Ratio | 0.0% | 0.1% | — | 0.1% | 2021 | 0.0% | 2024 |
| Effective Tax Rate (2025) | 0.0000% | 0.0000% | — | 0.0000% | 2025 | 0.0000% | 2025 |
| Tax Amount | $100 | $93 | ~$1,461,440 | $100 | 2025 | $88 | 2024 |
Market value changed by 233% 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 | ~$39,952,673 | ~$39,952,673 | ~1.5564% | ~$621,822 | +49.5% |
| 2028 | ~$59,743,181 | ~$59,743,181 | ~1.4992% | ~$895,646 | +123.6% |
| 2029 | ~$89,336,895 | ~$89,336,895 | ~1.4419% | ~$1,288,170 | +234.4% |
| 2030 | ~$133,589,820 | ~$133,589,820 | ~1.3847% | ~$1,849,801 | +400.0% |
| 2031 | ~$199,763,378 | ~$199,763,378 | ~1.3275% | ~$2,651,760 | +647.7% |
| 2027 | ~$39,418,313 | ~$39,418,313 | ~1.6136% | ~$636,067 | +47.5% |
| 2028 | ~$58,155,762 | ~$58,155,762 | ~1.6136% | ~$938,421 | +117.7% |
| 2029 | ~$85,800,034 | ~$85,800,034 | ~1.6136% | ~$1,384,498 | +221.1% |
| 2030 | ~$126,584,978 | ~$126,584,978 | ~1.6136% | ~$2,042,617 | +373.8% |
| 2031 | ~$186,756,996 | ~$186,756,996 | ~1.6136% | ~$3,013,573 | +599.0% |
| 2027 | ~$40,487,032 | ~$40,487,032 | ~1.5278% | ~$618,552 | +51.5% |
| 2028 | ~$61,351,976 | ~$61,351,976 | ~1.4419% | ~$884,649 | +129.6% |
| 2029 | ~$92,969,643 | ~$92,969,643 | ~1.3561% | ~$1,260,732 | +248.0% |
| 2030 | ~$140,881,438 | ~$140,881,438 | ~1.2702% | ~$1,789,496 | +427.3% |
| 2031 | ~$213,484,519 | ~$213,484,519 | ~1.1844% | ~$2,528,424 | +699.0% |
In 2025, this property's market value of $8,015,388 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 | $8,015,388 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $26,717,962 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $8,015,388 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $5,343,592 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $4,141,284 | $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 | Verified |
| 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 | — |