N F M RD 973 TX
| Owner | COVINGTON MARY & |
|---|---|
| Parcel ID | 0307410212 |
| Short ID | 288605 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 1,756,339 SF |
| Acres | 40.320 |
| Year Built | — |
| Legal | ABS 15 SUR 17 HORNSBY R ACR 40.320 (1-D-1) |
| Neighborhood | _RGN405 |
| Land | $1,492,646 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,492,646 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,492,646 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,492,646 |
| Value Limitation Adjustment (−) (homestead cap) | −$1,488,008 |
| Net Appraised (assessed) | $4,638 |
| Taxable Value | $4,638 |
|---|
Appreciation: Market value has risen +164.8% from $563,593 (2021) to $1,492,646 (2025), a CAGR of 27.6% 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 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 5 taxing entities is 1.5728% in 2025 (-0.0078% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $73. Del Valle ISD is the largest single contributor, at 60.3% of the total 2025 levy.
Assessment Gap: Assessed value ($4,638) is $1,488,008 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 ($1,492,646 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 $1,492,646, 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 +9.8% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,570,416 by 2031, with an estimated annual tax burden around $31,327. 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $44.01 | $44.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17.43 | $17.43 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5.47 | $5.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4.80 | $4.80 | Paid |
| E04 Travis County ESD # 04 | 0.0800% | 0.0600% | 0.0400% | 0.0300% | 0.0266% | -0.0034% | $1.23 | $1.23 | Paid |
| Combined Rate | 1.8560% | 1.7602% | 1.5467% | 1.5806% | 1.5728% | -0.0078% | $72.94 | $72.94 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IDV Del Valle ISD | 0.9489% | $44.01 | 60.3% |
| TCO Travis County | 0.3758% | $17.43 | 23.9% |
| THD Travis Central Health | 0.1180% | $5.47 | 7.5% |
| ACT Austin Community College | 0.1034% | $4.80 | 6.6% |
| E04 Travis County ESD # 04 | 0.0266% | $1.23 | 1.7% |
| Total | 1.5728% | $72.94 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,612,800 | $1,492,646 | +8.0% |
| Assessed Value | $5,271 | $4,638 | +13.6% |
| Land Value | $1,612,800 | $1,492,646 | +8.0% |
| Improvement Value | — | — | — |
| Taxable Value | $5,271 | $4,638 | +13.6% |
| HS Cap Loss | -$1,607,529 | — | |
| Total Tax 2026 = estimate |
~$83
Estimated
|
~$73
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,612,800 | $1,612,800 | — | −$1,607,529 | $5,271 | $5,271 | Not yet — post-cert | Preliminary |
| 2025 | $1,492,646 | $1,492,646 | — | −$1,488,008 | $4,638 | $4,638 | ~$73 | Partial |
| 2024 | $1,492,646 | $1,492,646 | — | −$1,488,369 | $4,277 | $4,277 | $68 | Verified |
| 2023 | $1,110,816 | $1,110,816 | — | −$1,105,135 | $5,681 | $5,681 | $88 | Verified |
| 2022 | $1,110,816 | $1,110,816 | — | −$1,104,139 | $6,677 | $6,677 | $118 | Verified |
| 2021 | $563,593 | — | — | −$555,732 | $7,861 | $7,861 | $146 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.0% | +13.6% | 0.3% | Not available | Partial |
| 2025 | +0.0% | +8.4% | 0.3% | Not available | Partial |
| 2024 | +34.4% | -24.7% | 0.3% | No billing data | Verified |
| 2023 | +0.0% | -14.9% | 0.5% | No billing data | Verified |
| 2022 | +97.1% ! | -15.1% | 0.6% | No billing data | Verified |
| 2021 | base year | — | 1.4% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +164.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.0% | +27.9% | +9.8% | +97.1% | 2022 | +0.0% | 2023 |
| Assessment Ratio | 0.3% | 0.6% | — | 1.4% | 2021 | 0.3% | 2024 |
| Effective Tax Rate (2025) | 0.0000% | 0.0000% | — | 0.0000% | 2025 | 0.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$73 | $98 | ~$28,989 | $146 | 2021 | $68 | 2024 |
Market value changed by 97% 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 | ~$1,770,374 | ~$1,770,374 | ~1.5020% | ~$26,590 | +9.8% |
| 2028 | ~$1,943,344 | ~$1,943,344 | ~1.4312% | ~$27,812 | +20.5% |
| 2029 | ~$2,133,213 | ~$2,133,213 | ~1.3604% | ~$29,019 | +32.3% |
| 2030 | ~$2,341,633 | ~$2,341,633 | ~1.2896% | ~$30,197 | +45.2% |
| 2031 | ~$2,570,416 | ~$2,570,416 | ~1.2188% | ~$31,327 | +59.4% |
| 2027 | ~$1,738,118 | ~$1,738,118 | ~1.5728% | ~$27,337 | +7.8% |
| 2028 | ~$1,873,174 | ~$1,873,174 | ~1.5728% | ~$29,461 | +16.1% |
| 2029 | ~$2,018,724 | ~$2,018,724 | ~1.5728% | ~$31,750 | +25.2% |
| 2030 | ~$2,175,584 | ~$2,175,584 | ~1.5728% | ~$34,217 | +34.9% |
| 2031 | ~$2,344,632 | ~$2,344,632 | ~1.5728% | ~$36,876 | +45.4% |
| 2027 | ~$1,802,630 | ~$1,802,630 | ~1.4666% | ~$26,437 | +11.8% |
| 2028 | ~$2,014,804 | ~$2,014,804 | ~1.3604% | ~$27,409 | +24.9% |
| 2029 | ~$2,251,951 | ~$2,251,951 | ~1.2542% | ~$28,243 | +39.6% |
| 2030 | ~$2,517,011 | ~$2,517,011 | ~1.1480% | ~$28,894 | +56.1% |
| 2031 | ~$2,813,270 | ~$2,813,270 | ~1.0417% | ~$29,307 | +74.4% |
In 2025, this property's market value of $1,492,646 places it in the top 25% for Agricultural properties in Travis County (7602 comparable) — +166% above 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 | $1,492,646 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $1,492,646 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $1,110,816 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $1,110,816 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $563,593 | $105,498 | $286,444 | $607,111 | ↑ Above median | 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 | — |