ELROY RD TX 78617
| Owner | CIRCUIT OF THE AMERICAS LLC |
|---|---|
| Parcel ID | 0339410208 |
| Short ID | 299082 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 4,849,757 SF |
| Acres | 111.335 |
| Year Built | — |
| Legal | ABS 797 SUR 5 WESTBROOK T B ACR 111.3352 (1-D-1W) |
| Neighborhood | 0COTA |
| Land | $2,782,548 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,782,548 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,782,548 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,782,548 |
| Value Limitation Adjustment (−) (homestead cap) | −$1,973,417 |
| Net Appraised (assessed) | $809,131 |
| Taxable Value | $809,131 |
|---|
Appreciation: Market value has risen +108.3% from $1,336,021 (2021) to $2,782,548 (2025), a CAGR of 20.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 5 taxing entities is 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $16,751. Del Valle ISD is the largest single contributor, at 45.8% of the total 2025 levy.
Assessment Gap: Assessed value ($809,131) is $1,973,417 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 ($2,782,548 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 $2,782,548, 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 -3.5% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,322,645 by 2031, with an estimated annual tax burden around $40,918. 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% | $7,677.84 | $7,677.84 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,239.98 | $4,239.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,041.08 | $3,041.08 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $954.96 | $954.96 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $836.64 | $836.64 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $16,750.50 | $16,750.50 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IDV Del Valle ISD | 0.9489% | $7,677.84 | 45.8% |
| CAT City of Austin | 0.5240% | $4,239.98 | 25.3% |
| TCO Travis County | 0.3758% | $3,041.08 | 18.2% |
| THD Travis Central Health | 0.1180% | $954.96 | 5.7% |
| ACT Austin Community College | 0.1034% | $836.64 | 5.0% |
| Total | 2.0702% | $16,750.50 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,782,548 | $2,782,548 | +0.0% |
| Assessed Value | $809,498 | $809,131 | +0.0% |
| Land Value | $2,782,548 | $2,782,548 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $809,498 | $809,131 | +0.0% |
| HS Cap Loss | -$1,973,050 | — | |
| Total Tax 2026 = estimate |
~$16,758
Estimated
|
~$16,750
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,782,548 | $2,782,548 | — | −$1,973,050 | $809,498 | $809,498 | Not yet — post-cert | Preliminary |
| 2025 | $2,782,548 | $2,782,548 | — | −$1,973,417 | $809,131 | $809,131 | ~$16,750 | Partial |
| 2024 | $3,215,219 | $2,782,548 | $432,671 | −$2,282,381 | $932,838 | $932,838 | $18,920 | Verified |
| 2023 | $3,215,219 | $851,713 | $2,363,506 | −$2,282,021 | $933,198 | $933,198 | $18,221 | Verified |
| 2022 | $3,215,219 | $851,713 | $2,363,506 | −$2,282,319 | $932,900 | $932,900 | $20,178 | Verified |
| 2021 | $1,336,021 | $384,624 | — | −$944,452 | $391,569 | $391,569 | $9,073 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | 29.1% | Not available | Partial |
| 2025 | -13.5% | -13.3% | 29.1% | Not available | Partial |
| 2024 | +0.0% | -0.0% | 29.0% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | 29.0% | No billing data | Verified |
| 2022 | +140.7% ! | +138.2% | 29.0% | No billing data | Verified |
| 2021 | base year | — | 29.3% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +108.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +25.4% | -3.5% | +140.7% | 2022 | -13.5% | 2025 |
| Assessment Ratio | 29.1% | 29.1% | — | 29.3% | 2021 | 29.0% | 2022 |
| Effective Tax Rate (2025) | 0.6000% | 0.6000% | — | 0.6000% | 2025 | 0.6000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$16,750 | $16,628 | ~$47,238 | $20,178 | 2022 | $9,073 | 2021 |
Market value changed by 141% 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 | ~$2,683,803 | ~$2,683,803 | ~2.0085% | ~$53,904 | -3.5% |
| 2028 | ~$2,588,563 | ~$2,588,563 | ~1.9468% | ~$50,394 | -7.0% |
| 2029 | ~$2,496,702 | ~$2,496,702 | ~1.8851% | ~$47,065 | -10.3% |
| 2030 | ~$2,408,101 | ~$2,408,101 | ~1.8234% | ~$43,909 | -13.5% |
| 2031 | ~$2,322,645 | ~$2,322,645 | ~1.7617% | ~$40,918 | -16.5% |
| 2027 | ~$2,643,421 | ~$2,643,421 | ~2.0702% | ~$54,724 | -5.0% |
| 2028 | ~$2,511,250 | ~$2,511,250 | ~2.0702% | ~$51,988 | -9.7% |
| 2029 | ~$2,385,687 | ~$2,385,687 | ~2.0702% | ~$49,388 | -14.3% |
| 2030 | ~$2,266,403 | ~$2,266,403 | ~2.0702% | ~$46,919 | -18.5% |
| 2031 | ~$2,153,083 | ~$2,153,083 | ~2.0702% | ~$44,573 | -22.6% |
| 2027 | ~$2,739,454 | ~$2,739,454 | ~1.9776% | ~$54,176 | -1.5% |
| 2028 | ~$2,697,028 | ~$2,697,028 | ~1.8851% | ~$50,841 | -3.1% |
| 2029 | ~$2,655,259 | ~$2,655,259 | ~1.7925% | ~$47,597 | -4.6% |
| 2030 | ~$2,614,136 | ~$2,614,136 | ~1.7000% | ~$44,440 | -6.1% |
| 2031 | ~$2,573,651 | ~$2,573,651 | ~1.6074% | ~$41,370 | -7.5% |
In 2025, this property's market value of $2,782,548 places it in the top 25% for Agricultural properties in Travis County (7602 comparable) — 5× 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 | $2,782,548 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $3,215,219 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $3,215,219 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $3,215,219 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $1,336,021 | $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 | — |