F M RD 1431 TX 78641
| Owner | SHIPMAN GARY LAYNE & MICKY RHEA SHIPMAN & RICKY DALE SHIPMAN |
|---|---|
| Parcel ID | 0501470205 |
| Short ID | 353019 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 63,598 SF |
| Acres | 1.460 |
| Year Built | — |
| Legal | ABS 693 SUR 51 SANCHEZ J G ACR 1.460 (1-D-1) |
| Neighborhood | 1NW3 |
| Land | $508,781 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $508,781 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $508,781 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $508,781 |
| Value Limitation Adjustment (−) (homestead cap) | −$508,612 |
| Net Appraised (assessed) | $169 |
| Taxable Value | $169 |
|---|
Appreciation: Market value has risen +60.0% from $317,988 (2021) to $508,781 (2025), a CAGR of 12.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 2.0442% in 2025 (+0.0406% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3. Leander ISD is the largest single contributor, at 53.2% of the total 2025 levy.
Assessment Gap: Assessed value ($169) is $508,612 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 ($508,781 land vs $0 improvements), about $8/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 $508,781, this parcel sits in the lower-middle (25th–50th 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 +12.5% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $915,548 by 2031, with an estimated annual tax burden around $15,296. 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $1.84 | $1.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $0.64 | $0.64 | Paid |
| CCP City of Cedar Park | 0.4320% | 0.3900% | 0.3700% | 0.3630% | 0.3600% | -0.0030% | $0.61 | $0.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $0.20 | $0.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $0.17 | $0.17 | Paid |
| Combined Rate | 2.3430% | 2.1802% | 1.9826% | 2.0036% | 2.0442% | +0.0406% | $3.46 | $3.46 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILE Leander ISD | 1.0869% | $1.84 | 53.2% |
| TCO Travis County | 0.3758% | $0.64 | 18.5% |
| CCP City of Cedar Park | 0.3600% | $0.61 | 17.6% |
| THD Travis Central Health | 0.1180% | $0.20 | 5.8% |
| ACT Austin Community College | 0.1034% | $0.17 | 4.9% |
| Total | 2.0442% | $3.46 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $508,781 | $508,781 | +0.0% |
| Assessed Value | $157 | $169 | -7.1% |
| Land Value | $508,781 | $508,781 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $157 | $169 | -7.1% |
| HS Cap Loss | -$508,624 | — | |
| Total Tax 2026 = estimate |
~$3
Estimated
|
~$3
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $508,781 | $508,781 | — | −$508,624 | $157 | $157 | Not yet — post-cert | Preliminary |
| 2025 | $508,781 | $508,781 | — | −$508,612 | $169 | $169 | ~$3 | Partial |
| 2024 | $508,781 | $508,781 | — | −$508,620 | $161 | $161 | $3 | Verified |
| 2023 | $508,781 | $508,781 | — | −$508,621 | $160 | $160 | $3 | Verified |
| 2022 | $317,988 | $317,988 | — | −$317,840 | $148 | $148 | $3 | Verified |
| 2021 | $317,988 | — | — | −$317,862 | $126 | $126 | $3 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | -7.1% | 0.0% | Not available | Partial |
| 2025 | +0.0% | +5.0% | 0.0% | Not available | Partial |
| 2024 | +0.0% | +0.6% | 0.0% | No billing data | Verified |
| 2023 | +60.0% | +8.1% | 0.0% | No billing data | Verified |
| 2022 | +0.0% | +17.5% | 0.0% | No billing data | Verified |
| 2021 | base year | — | 0.0% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +60.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +12.0% | +12.5% | +60.0% | 2023 | +0.0% | 2022 |
| Assessment Ratio | 0.0% | 0.0% | — | 0.0% | 2021 | 0.0% | 2021 |
| 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 |
$3 | $3 | ~$13,228 | $3 | 2025 | $3 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$572,217 | ~$572,217 | ~1.9695% | ~$11,270 | +12.5% |
| 2028 | ~$643,563 | ~$643,563 | ~1.8948% | ~$12,194 | +26.5% |
| 2029 | ~$723,804 | ~$723,804 | ~1.8201% | ~$13,174 | +42.3% |
| 2030 | ~$814,050 | ~$814,050 | ~1.7454% | ~$14,208 | +60.0% |
| 2031 | ~$915,548 | ~$915,548 | ~1.6707% | ~$15,296 | +79.9% |
| 2027 | ~$562,042 | ~$562,042 | ~2.0442% | ~$11,489 | +10.5% |
| 2028 | ~$620,878 | ~$620,878 | ~2.0442% | ~$12,692 | +22.0% |
| 2029 | ~$685,873 | ~$685,873 | ~2.0442% | ~$14,020 | +34.8% |
| 2030 | ~$757,672 | ~$757,672 | ~2.0442% | ~$15,488 | +48.9% |
| 2031 | ~$836,987 | ~$836,987 | ~2.0442% | ~$17,109 | +64.5% |
| 2027 | ~$582,393 | ~$582,393 | ~1.9321% | ~$11,252 | +14.5% |
| 2028 | ~$666,655 | ~$666,655 | ~1.8201% | ~$12,134 | +31.0% |
| 2029 | ~$763,109 | ~$763,109 | ~1.7080% | ~$13,034 | +50.0% |
| 2030 | ~$873,517 | ~$873,517 | ~1.5960% | ~$13,941 | +71.7% |
| 2031 | ~$999,900 | ~$999,900 | ~1.4839% | ~$14,837 | +96.5% |
In 2025, this property's market value of $508,781 places it in the 25th–50th percentile for Agricultural properties in Travis County (7602 comparable) — -9% 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 | $508,781 | $179,824 | $561,432 | $1,355,511 | ↓ Below median | +0.0% |
| 2024 | $508,781 | $193,498 | $574,650 | $1,361,070 | ↓ Below median | +23.7% |
| 2023 | $508,781 | $150,007 | $423,072 | $1,000,412 | ↑ Above median | +0.0% |
| 2022 | $317,988 | $166,375 | $416,994 | $932,726 | ↓ Below median | +46.1% |
| 2021 | $317,988 | $105,498 | $286,444 | $607,111 | ↑ Above median | 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 | — |