12221 SAINT THOMAS DR TX 78617
| Owner | MERITAGE HOMES OF TEXAS LLC |
|---|---|
| Parcel ID | 0326430403 |
| Short ID | 586957 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 6,994 SF |
| Acres | 0.161 |
| Year Built | — |
| Legal | LOT 15 BLK H LEXINGTON PARKE SEC 1 [1-D-1] |
| Neighborhood | G0340 |
| Land | $14,059 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,059 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $14,059 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $14,059 |
| Value Limitation Adjustment (−) (homestead cap) | −$5,059 |
| Net Appraised (assessed) | $9,000 |
| Taxable Value | $9,000 |
|---|
Appreciation: Market value has risen +87.5% from $7,500 (2021) to $14,059 (2025), a CAGR of 17.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 5 taxing entities is 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $186. Del Valle ISD is the largest single contributor, at 45.8% of the total 2025 levy.
Assessment Gap: Assessed value ($9,000) is $5,059 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 ($14,059 land vs $0 improvements), about $2/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 $14,059, this parcel sits in the bottom quartile (<25th 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 +65.5% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $697,732 by 2031, with an estimated annual tax burden around $12,292. 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% | $85.40 | $85.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $47.16 | $47.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $33.83 | $33.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $10.62 | $10.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9.31 | $9.31 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $186.32 | $186.32 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IDV Del Valle ISD | 0.9489% | $85.40 | 45.8% |
| CAT City of Austin | 0.5240% | $47.16 | 25.3% |
| TCO Travis County | 0.3758% | $33.83 | 18.2% |
| THD Travis Central Health | 0.1180% | $10.62 | 5.7% |
| ACT Austin Community College | 0.1034% | $9.31 | 5.0% |
| Total | 2.0702% | $186.32 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $56,235 | $14,059 | +300.0% |
| Assessed Value | $10,800 | $9,000 | +20.0% |
| Land Value | $56,235 | $14,059 | +300.0% |
| Improvement Value | — | — | — |
| Taxable Value | $10,800 | $9,000 | +20.0% |
| HS Cap Loss | -$45,435 | — | |
| Total Tax 2026 = estimate |
~$224
Estimated
|
~$186
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $56,235 | $56,235 | — | −$45,435 | $10,800 | $10,800 | Not yet — post-cert | Preliminary |
| 2025 | $14,059 | $14,059 | — | −$5,059 | $9,000 | $9,000 | ~$186 | Partial |
| 2024 | $7,500 | $7,500 | — | — | $7,500 | $7,500 | $152 | Verified |
| 2023 | $7,500 | $7,500 | — | — | $7,500 | $7,500 | $146 | Verified |
| 2022 | $7,500 | $7,500 | — | −$7,485 | $15 | $15 | $0 | Verified |
| 2021 | $7,500 | — | — | −$7,486 | $14 | $14 | $0 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +300.0% ! | +20.0% | 19.2% | Not available | Partial |
| 2025 | +87.5% ! | +20.0% | 64.0% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +49900.0% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +7.1% | 0.2% | No billing data | Verified |
| 2021 | base year | — | 0.2% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +87.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +300.0% | +77.5% | +65.5% | +300.0% | 2026 | +0.0% | 2022 |
| Assessment Ratio | 19.2% | 47.3% | — | 100.0% | 2023 | 0.2% | 2021 |
| Effective Tax Rate (2025) | 1.3300% | 1.3300% | — | 1.3300% | 2025 | 1.3300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$186 | $97 | ~$5,930 | $186 | 2025 | $0 | 2022 |
Market value changed by 87% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$93,056 | ~$93,056 | ~2.0085% | ~$1,869 | +65.5% |
| 2028 | ~$153,985 | ~$153,985 | ~1.9468% | ~$2,998 | +173.8% |
| 2029 | ~$254,810 | ~$254,810 | ~1.8851% | ~$4,803 | +353.1% |
| 2030 | ~$421,650 | ~$421,650 | ~1.8234% | ~$7,688 | +649.8% |
| 2031 | ~$697,732 | ~$697,732 | ~1.7617% | ~$12,292 | +1140.7% |
| 2027 | ~$91,931 | ~$91,931 | ~2.0702% | ~$1,903 | +63.5% |
| 2028 | ~$150,286 | ~$150,286 | ~2.0702% | ~$3,111 | +167.2% |
| 2029 | ~$245,682 | ~$245,682 | ~2.0702% | ~$5,086 | +336.9% |
| 2030 | ~$401,632 | ~$401,632 | ~2.0702% | ~$8,315 | +614.2% |
| 2031 | ~$656,574 | ~$656,574 | ~2.0702% | ~$13,592 | +1067.6% |
| 2027 | ~$94,180 | ~$94,180 | ~1.9776% | ~$1,863 | +67.5% |
| 2028 | ~$157,730 | ~$157,730 | ~1.8851% | ~$2,973 | +180.5% |
| 2029 | ~$264,161 | ~$264,161 | ~1.7925% | ~$4,735 | +369.7% |
| 2030 | ~$442,407 | ~$442,407 | ~1.7000% | ~$7,521 | +686.7% |
| 2031 | ~$740,928 | ~$740,928 | ~1.6074% | ~$11,910 | +1217.6% |
In 2025, this property's market value of $14,059 places it in the bottom 25% for Agricultural properties in Travis County (7602 comparable) — -97% below 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 | $14,059 | $179,824 | $561,432 | $1,355,511 | ↓ Bottom 25% | +0.0% |
| 2024 | $7,500 | $193,498 | $574,650 | $1,361,070 | ↓ Bottom 25% | +23.7% |
| 2023 | $7,500 | $150,007 | $423,072 | $1,000,412 | ↓ Bottom 25% | +0.0% |
| 2022 | $7,500 | $166,375 | $416,994 | $932,726 | ↓ Bottom 25% | +46.1% |
| 2021 | $7,500 | $105,498 | $286,444 | $607,111 | ↓ 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 | — |