FORKS RD 1 78747
| Owner | WADAS SETH |
|---|---|
| Parcel ID | 0438011502 |
| Short ID | 982367 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 1,763 SF |
| Land SF | 3,859 SF |
| Acres | 0.089 |
| Year Built | 2024 |
| Legal | TWILIGHT CONDOMINIUMS UNT 1 PLUS 1.4925 % INT IN COM AREA |
| Neighborhood | H0D6C |
| Land | $1,788 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,788 |
| Improvement | $136,700 |
|---|---|
| Total Improvement | $136,700 |
| Market | $138,488 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $138,488 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $138,488 |
| Taxable Value | $138,488 |
|---|
Appreciation: Market value has risen +9584.5% from $1,430 (2024) to $138,488 (2025), a CAGR of 9584.5% over 1 year. 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.
Tax Burden: The combined rate across 6 taxing entities is 2.3465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3,250. City of Austin is the largest single contributor, at 30.3% of the total 2025 levy.
Asset Class: O. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 1% of market value ($1,788 land vs $136,700 improvements), about $0/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +1578.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $536,240,743,916 by 2031, with an estimated annual tax burden around $14,976. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 1,763 SF | ✗ |
| 2ND | 2nd Floor | 1,092 SF | ✓ |
| 1ST | 1st Floor | 671 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 376 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 166 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $418.21 | $418.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $299.95 | $299.95 | Paid |
| L73 Onion Creek Metro Park District | 0.2000% | 0.2000% | 0.3500% | 0.3000% | 0.3000% | +0.0000% | $263.70 | $263.70 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $217.07 | $217.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $94.19 | $94.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $88.51 | $88.51 | Paid |
| Combined Rate | 2.3767% | 2.1749% | 2.1592% | 2.2818% | 2.3465% | +0.0647% | $1,381.63 | $1,381.63 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| CAT City of Austin | 0.5240% | $418.21 | 30.3% |
| TCO Travis County | 0.3758% | $299.95 | 21.7% |
| L73 Onion Creek Metro Park District | 0.3000% | $263.70 | 19.1% |
| IAU Austin ISD | 0.9252% | $217.07 | 15.7% |
| THD Travis Central Health | 0.1180% | $94.19 | 6.8% |
| ACT Austin Community College | 0.1034% | $88.51 | 6.4% |
| Total | 2.3465% | $1,381.63 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $402,770 | $138,488 | +190.8% |
| Assessed Value | $402,770 | $138,488 | +190.8% |
| Land Value | $23,506 | $1,788 | +1214.7% |
| Improvement Value | $379,264 | $136,700 | +177.4% |
| Taxable Value | $402,770 | $138,488 | +190.8% |
| Exemptions | HS | H | |
| Total Tax 2026 = estimate |
~$9,451
Estimated
|
~$1,382
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $402,770 | $23,506 | $379,264 | — | $402,770 | $402,770 | Not yet — post-cert | Preliminary |
| 2025 | $138,488 | $1,788 | $136,700 | — | $138,488 | $138,488 | ~$1,382 | Partial |
| 2024 | $1,430 | $1,788 | — | — | $1,430 | $1,430 | $33 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +190.8% ! | +190.8% | ~100% | Not available | Partial |
| 2025 | +9584.5% ! | +9584.5% | ~100% | Not available | Partial |
| 2024 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9584.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +190.8% | +4887.6% | +1578.3% | +9584.5% | 2025 | +190.8% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2024 | 100.0% | 2024 |
| Effective Tax Rate (2025) | 1.0000% | 1.0000% | — | 1.0000% | 2025 | 1.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,382 | $707 | ~$12,564 | $1,382 | 2025 | $33 | 2024 |
Market value changed by 9584% 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 | ~$6,759,548 | ~$443,047 | ~2.3389% | ~$10,363 | +1578.3% |
| 2028 | ~$113,443,128 | ~$487,352 | ~2.3314% | ~$11,362 | +28065.7% |
| 2029 | ~$1,903,876,316 | ~$536,087 | ~2.3238% | ~$12,458 | +472595.7% |
| 2030 | ~$31,952,089,948 | ~$589,696 | ~2.3163% | ~$13,659 | +7932985.9% |
| 2031 | ~$536,240,743,916 | ~$648,665 | ~2.3087% | ~$14,976 | +133138103.9% |
| 2027 | ~$6,751,493 | ~$443,047 | ~2.3465% | ~$10,396 | +1576.3% |
| 2028 | ~$113,172,907 | ~$487,352 | ~2.3465% | ~$11,436 | +27998.6% |
| 2029 | ~$1,897,077,837 | ~$536,087 | ~2.3465% | ~$12,579 | +470907.7% |
| 2030 | ~$31,800,051,890 | ~$589,696 | ~2.3465% | ~$13,837 | +7895237.8% |
| 2031 | ~$533,053,141,357 | ~$648,665 | ~2.3465% | ~$15,221 | +132346683.9% |
| 2027 | ~$6,767,603 | ~$443,047 | ~2.3352% | ~$10,346 | +1580.3% |
| 2028 | ~$113,713,671 | ~$487,352 | ~2.3238% | ~$11,325 | +28132.9% |
| 2029 | ~$1,910,691,018 | ~$536,087 | ~2.3125% | ~$12,397 | +474287.6% |
| 2030 | ~$32,104,672,533 | ~$589,696 | ~2.3012% | ~$13,570 | +7970869.2% |
| 2031 | ~$539,443,577,497 | ~$648,665 | ~2.2899% | ~$14,854 | +133933305.5% |
| 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 | 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 | 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 | — |