CIRCLE DR TX
| Owner | MRW GRIT LTD |
|---|---|
| Parcel ID | 0407670102 |
| Short ID | 310684 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 5,153,148 SF |
| Acres | 118.300 |
| Year Built | — |
| Legal | ABS 2594 SUR 66 NEWMAN A J ACR 118.30 (1-D-1) |
| Neighborhood | _RGN220 |
| Land | $4,345,807 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,345,807 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,345,807 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,345,807 |
| Value Limitation Adjustment (−) (homestead cap) | −$4,335,327 |
| Net Appraised (assessed) | $10,480 |
| Taxable Value | $10,480 |
|---|
Appreciation: Market value has risen +159.0% from $1,677,952 (2021) to $4,345,807 (2025), a CAGR of 26.9% 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 1.5815% in 2025 (+0.0243% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $166. Austin ISD is the largest single contributor, at 58.5% of the total 2025 levy.
Assessment Gap: Assessed value ($10,480) is $4,335,327 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 ($4,345,807 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 $4,345,807, 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 +16.9% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $12,936,218 by 2031, with an estimated annual tax burden around $185,305. 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $96.96 | $96.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $39.39 | $39.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12.37 | $12.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10.84 | $10.84 | Paid |
| E03 Travis County ESD # 03 | 0.0650% | 0.0450% | 0.0400% | 0.0530% | 0.0590% | +0.0060% | $6.18 | $6.18 | Paid |
| Combined Rate | 1.7007% | 1.5572% | 1.4034% | 1.5572% | 1.5815% | +0.0243% | $165.74 | $165.74 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $96.96 | 58.5% |
| TCO Travis County | 0.3758% | $39.39 | 23.8% |
| THD Travis Central Health | 0.1180% | $12.37 | 7.5% |
| ACT Austin Community College | 0.1034% | $10.84 | 6.5% |
| E03 Travis County ESD # 03 | 0.0590% | $6.18 | 3.7% |
| Total | 1.5815% | $165.74 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,915,000 | $4,345,807 | +36.1% |
| Assessed Value | $9,715 | $10,480 | -7.3% |
| Land Value | $5,915,000 | $4,345,807 | +36.1% |
| Improvement Value | — | — | — |
| Taxable Value | $9,715 | $10,480 | -7.3% |
| HS Cap Loss | -$5,905,285 | — | |
| Total Tax 2026 = estimate |
~$154
Estimated
|
~$166
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $5,915,000 | $5,915,000 | — | −$5,905,285 | $9,715 | $9,715 | Not yet — post-cert | Preliminary |
| 2025 | $4,345,807 | $4,345,807 | — | −$4,335,327 | $10,480 | $10,480 | ~$166 | Partial |
| 2024 | $4,345,807 | $4,345,807 | — | −$4,337,214 | $8,593 | $8,593 | $134 | Verified |
| 2023 | $3,162,807 | $3,162,807 | — | −$3,154,436 | $8,371 | $8,371 | $117 | Verified |
| 2022 | $3,162,807 | $3,162,807 | — | −$3,155,110 | $7,697 | $7,697 | $120 | Verified |
| 2021 | $1,677,952 | — | — | −$1,671,280 | $6,672 | $6,672 | $113 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +36.1% | -7.3% | 0.2% | Not available | Partial |
| 2025 | +0.0% | +22.0% | 0.2% | Not available | Partial |
| 2024 | +37.4% | +2.7% | 0.2% | No billing data | Verified |
| 2023 | +0.0% | +8.8% | 0.3% | No billing data | Verified |
| 2022 | +88.5% ! | +15.4% | 0.2% | No billing data | Verified |
| 2021 | base year | — | 0.4% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +159.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +36.1% | +32.4% | +16.9% | +88.5% | 2022 | +0.0% | 2023 |
| Assessment Ratio | 0.2% | 0.2% | — | 0.4% | 2021 | 0.2% | 2022 |
| 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 |
$166 | $130 | ~$143,727 | $166 | 2025 | $113 | 2021 |
Market value changed by 88% 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 | ~$6,917,119 | ~$6,917,119 | ~1.5517% | ~$107,331 | +16.9% |
| 2028 | ~$8,089,018 | ~$8,089,018 | ~1.5219% | ~$123,104 | +36.8% |
| 2029 | ~$9,459,459 | ~$9,459,459 | ~1.4921% | ~$141,141 | +59.9% |
| 2030 | ~$11,062,080 | ~$11,062,080 | ~1.4623% | ~$161,756 | +87.0% |
| 2031 | ~$12,936,218 | ~$12,936,218 | ~1.4325% | ~$185,305 | +118.7% |
| 2027 | ~$6,798,819 | ~$6,798,819 | ~1.5815% | ~$107,521 | +14.9% |
| 2028 | ~$7,814,699 | ~$7,814,699 | ~1.5815% | ~$123,587 | +32.1% |
| 2029 | ~$8,982,371 | ~$8,982,371 | ~1.5815% | ~$142,053 | +51.9% |
| 2030 | ~$10,324,517 | ~$10,324,517 | ~1.5815% | ~$163,279 | +74.5% |
| 2031 | ~$11,867,206 | ~$11,867,206 | ~1.5815% | ~$187,676 | +100.6% |
| 2027 | ~$7,035,419 | ~$7,035,419 | ~1.5368% | ~$108,118 | +18.9% |
| 2028 | ~$8,368,068 | ~$8,368,068 | ~1.4921% | ~$124,857 | +41.5% |
| 2029 | ~$9,953,148 | ~$9,953,148 | ~1.4474% | ~$144,057 | +68.3% |
| 2030 | ~$11,838,473 | ~$11,838,473 | ~1.4027% | ~$166,053 | +100.1% |
| 2031 | ~$14,080,916 | ~$14,080,916 | ~1.3579% | ~$191,211 | +138.1% |
In 2025, this property's market value of $4,345,807 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 | $4,345,807 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $4,345,807 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $3,162,807 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $3,162,807 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $1,677,952 | $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 | — |