12116 RUSSO DR 78747
| Owner | CENTURY LAND HOLDINGS II LLC |
|---|---|
| Parcel ID | 0449090806 |
| Short ID | 969442 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 7,088 SF |
| Acres | 0.163 |
| Year Built | — |
| Legal | WEST BELLA FORTUNA PHS 3 (SMALL LT SUBD) BLK N LOT 14 |
| Neighborhood | H1501 |
| Land | $15,554 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $15,554 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $15,554 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,554 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,554 |
| Taxable Value | $15,554 |
|---|
Appreciation: Market value has risen +3.7% from $15,000 (2023) to $15,554 (2025), a CAGR of 1.8% over 2 years. Growth has been relatively flat for this asset class. 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 Land/Vacant parcel countywide rose +18.1%, so this parcel has lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.7225% in 2025 (+0.0183% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $268. P10A is the largest single contributor, at 84.6% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($15,554 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 $15,554, this parcel sits in the bottom quartile (<25th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +60.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $666,144 by 2031, with an estimated annual tax burden around $10,531. 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 |
|---|---|---|---|---|---|---|---|---|---|
| P10A | — | — | — | — | — | — | $1,476.70 | $1,476.70 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $143.91 | $143.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $58.46 | $58.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $18.36 | $18.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $16.08 | $16.08 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $15.55 | $15.55 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $15.55 | $15.55 | Paid |
| Combined Rate | 1.8357% | 1.7020% | 1.5634% | 1.7042% | 1.7225% | +0.0183% | $1,744.61 | $1,744.61 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| P10A | — | $1,476.70 | 84.6% |
| IAU Austin ISD | 0.9252% | $143.91 | 8.2% |
| TCO Travis County | 0.3758% | $58.46 | 3.4% |
| THD Travis Central Health | 0.1180% | $18.36 | 1.1% |
| ACT Austin Community College | 0.1034% | $16.08 | 0.9% |
| E15 Travis County ESD # 15 | 0.1000% | $15.55 | 0.9% |
| E11 Travis County ESD # 11 | 0.1000% | $15.55 | 0.9% |
| Total | 1.7225% 6 of 7 | $1,744.61 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $62,215 | $15,554 | +300.0% |
| Assessed Value | $18,665 | $15,554 | +20.0% |
| Land Value | $62,215 | $15,554 | +300.0% |
| Improvement Value | — | — | — |
| Taxable Value | $18,665 | $15,554 | +20.0% |
| HS Cap Loss | -$43,550 | — | |
| Total Tax 2026 = estimate |
~$322
Estimated
|
~$1,745
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $62,215 | $62,215 | — | −$43,550 | $18,665 | $18,665 | Not yet — post-cert | Preliminary |
| 2025 | $15,554 | $15,554 | — | — | $15,554 | $15,554 | ~$1,745 | Partial |
| 2024 | $15,000 | $15,000 | — | — | $15,000 | $15,000 | $1,751 | Verified |
| 2023 | $15,000 | $15,000 | — | — | $15,000 | $15,000 | $1,729 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +300.0% ! | +20.0% | 30.0% | Not available | Partial |
| 2025 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +300.0% | +101.2% | +60.7% | +300.0% | 2026 | +0.0% | 2024 |
| Assessment Ratio | 30.0% | 82.5% | — | 100.0% | 2023 | 30.0% | 2026 |
| Effective Tax Rate (2025) | 11.2200% | 11.2200% | — | 11.2200% | 2025 | 11.2200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,745 | $1,741 | ~$5,160 | $1,751 | 2024 | $1,729 | 2023 |
Market value changed by 300% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$99,961 | ~$99,961 | ~1.6942% | ~$1,694 | +60.7% |
| 2028 | ~$160,607 | ~$160,607 | ~1.6659% | ~$2,675 | +158.1% |
| 2029 | ~$258,047 | ~$258,047 | ~1.6376% | ~$4,226 | +314.8% |
| 2030 | ~$414,604 | ~$414,604 | ~1.6093% | ~$6,672 | +566.4% |
| 2031 | ~$666,144 | ~$666,144 | ~1.5810% | ~$10,531 | +970.7% |
| 2027 | ~$98,716 | ~$98,716 | ~1.7225% | ~$1,700 | +58.7% |
| 2028 | ~$156,633 | ~$156,633 | ~1.7225% | ~$2,698 | +151.8% |
| 2029 | ~$248,530 | ~$248,530 | ~1.7225% | ~$4,281 | +299.5% |
| 2030 | ~$394,343 | ~$394,343 | ~1.7225% | ~$6,792 | +533.8% |
| 2031 | ~$625,703 | ~$625,703 | ~1.7225% | ~$10,778 | +905.7% |
| 2027 | ~$101,205 | ~$101,205 | ~1.6800% | ~$1,700 | +62.7% |
| 2028 | ~$164,630 | ~$164,630 | ~1.6376% | ~$2,696 | +164.6% |
| 2029 | ~$267,804 | ~$267,804 | ~1.5951% | ~$4,272 | +330.4% |
| 2030 | ~$435,637 | ~$435,637 | ~1.5527% | ~$6,764 | +600.2% |
| 2031 | ~$708,650 | ~$708,650 | ~1.5102% | ~$10,702 | +1039.0% |
In 2025, this property's market value of $15,554 places it in the bottom 25% for Land/Vacant properties in Travis County (35611 comparable) — -82% below the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $15,554 | $24,862 | $84,423 | $362,804 | ↓ Bottom 25% | +2.1% |
| 2024 | $15,000 | $23,000 | $66,000 | $328,966 | ↓ Bottom 25% | +0.0% |
| 2023 | $15,000 | $24,692 | $71,500 | $270,000 | ↓ Bottom 25% | +0.0% |
| 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 | 2023–2024 | 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 | 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 | — |