S PACE BEND RD TX 78669
| Owner | LMJ CORP |
|---|---|
| Parcel ID | 0542060103 |
| Short ID | 355762 |
| Type | Real |
| Use Code | D1 Acreage — Qualified Open-Space Land (1-d-1) |
| Valuation | Productivity |
| Improvement SF | — |
| Land SF | 10,210,464 SF |
| Acres | 234.400 |
| Year Built | — |
| Legal | ABS 2561 SUR 54 * 219.80AC COLLIER J A ABS 2167 SUR 53 * 14.60AC H E & W T R R CO (1-D-1) |
| Neighborhood | _RGN250 |
| Land | $9,136,714 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,136,714 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $6,802,184 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,802,184 |
| Value Limitation Adjustment (−) (homestead cap) | −$6,778,151 |
| Net Appraised (assessed) | $24,033 |
| Taxable Value | $24,033 |
|---|
Appreciation: Market value has risen +96.7% from $3,458,546 (2021) to $6,802,184 (2025), a CAGR of 18.4% over 4 years. 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. 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 1.7041% in 2025 (+0.0281% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $410. Lake Travis ISD is the largest single contributor, at 61.0% of the total 2025 levy.
Assessment Gap: Assessed value ($24,033) is $6,778,151 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 134% of market value ($9,136,714 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 $6,802,184, 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 +14.6% Base-scenario CAGR (Based on 2022–2026 preliminary trend, projected forward from 2026), the model projects market value near $23,135,381 by 2031, with an estimated annual tax burden around $342,135. 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $249.87 | $249.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $90.33 | $90.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $28.36 | $28.36 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $22.35 | $22.35 | Paid |
| E16 Travis County ESD # 16 | 0.0880% | 0.0740% | 0.0730% | 0.0750% | 0.0775% | +0.0025% | $18.63 | $18.63 | Paid |
| Combined Rate | 1.8843% | 1.7820% | 1.6334% | 1.6760% | 1.7041% | +0.0281% | $409.54 | $409.54 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILT Lake Travis ISD | 1.0397% | $249.87 | 61.0% |
| TCO Travis County | 0.3758% | $90.33 | 22.1% |
| THD Travis Central Health | 0.1180% | $28.36 | 6.9% |
| E08 Travis County ESD # 08 | 0.0930% | $22.35 | 5.5% |
| E16 Travis County ESD # 16 | 0.0775% | $18.63 | 4.5% |
| Total | 1.7041% | $409.54 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,720,000 | $6,802,184 | +72.3% |
| Assessed Value | $11,720,000 | $24,033 | +48666.3% |
| Land Value | $11,720,000 | $9,136,714 | +28.3% |
| Improvement Value | — | — | — |
| Taxable Value | $11,720,000 | $24,033 | +48666.3% |
| Total Tax 2026 = estimate |
~$199,719
Estimated
|
~$410
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $11,720,000 | $11,720,000 | — | — | $11,720,000 | $11,720,000 | Not yet — post-cert | Preliminary |
| 2025 | $6,802,184 | $9,136,714 | — | −$6,778,151 | $24,033 | $24,033 | ~$410 | Partial |
| 2024 | $6,802,184 | $9,136,714 | — | −$6,780,089 | $22,095 | $22,095 | $5,455 | Verified |
| 2023 | $6,802,184 | $6,802,184 | — | −$6,779,921 | $22,263 | $22,263 | $364 | Verified |
| 2022 | $6,802,184 | $6,802,184 | — | −$6,780,971 | $21,213 | $21,213 | $378 | Verified |
| 2021 | $3,458,546 | — | — | −$3,438,397 | $20,149 | $20,149 | $380 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +72.3% | +48666.3% | ~100% | Not available | Partial |
| 2025 | +0.0% | +8.8% | 0.4% | Not available | Partial |
| 2024 | +0.0% | -0.8% | 0.3% | No billing data | Verified |
| 2023 | +0.0% | +4.9% | 0.3% | No billing data | Verified |
| 2022 | +96.7% ! | +5.3% | 0.3% | No billing data | Verified |
| 2021 | base year | — | 0.6% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +96.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +72.3% | +33.8% | +14.6% | +96.7% | 2022 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 17.0% | — | 100.0% | 2026 | 0.3% | 2022 |
| Effective Tax Rate (2025) | 0.0100% | 0.0100% | — | 0.0100% | 2025 | 0.0100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$410 | $1,397 | ~$279,490 | $5,455 | 2024 | $364 | 2023 |
Market value changed by 97% 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 | ~$13,427,570 | ~$13,427,570 | ~1.6590% | ~$222,768 | +14.6% |
| 2028 | ~$15,383,928 | ~$15,383,928 | ~1.6140% | ~$248,294 | +31.3% |
| 2029 | ~$17,625,321 | ~$17,625,321 | ~1.5689% | ~$276,530 | +50.4% |
| 2030 | ~$20,193,279 | ~$20,193,279 | ~1.5239% | ~$307,723 | +72.3% |
| 2031 | ~$23,135,381 | ~$23,135,381 | ~1.4788% | ~$342,135 | +97.4% |
| 2027 | ~$13,193,170 | ~$13,193,170 | ~1.7041% | ~$224,823 | +12.6% |
| 2028 | ~$14,851,513 | ~$14,851,513 | ~1.7041% | ~$253,082 | +26.7% |
| 2029 | ~$16,718,305 | ~$16,718,305 | ~1.7041% | ~$284,894 | +42.6% |
| 2030 | ~$18,819,747 | ~$18,819,747 | ~1.7041% | ~$320,704 | +60.6% |
| 2031 | ~$21,185,334 | ~$21,185,334 | ~1.7041% | ~$361,016 | +80.8% |
| 2027 | ~$13,661,970 | ~$13,661,970 | ~1.6365% | ~$223,579 | +16.6% |
| 2028 | ~$15,925,718 | ~$15,925,718 | ~1.5689% | ~$249,864 | +35.9% |
| 2029 | ~$18,564,564 | ~$18,564,564 | ~1.5014% | ~$278,721 | +58.4% |
| 2030 | ~$21,640,658 | ~$21,640,658 | ~1.4338% | ~$310,281 | +84.6% |
| 2031 | ~$25,226,452 | ~$25,226,452 | ~1.3662% | ~$344,648 | +115.2% |
In 2025, this property's market value of $6,802,184 places it in the top 25% for Agricultural properties in Travis County (7602 comparable) — 12× 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 | $6,802,184 | $179,824 | $561,432 | $1,355,511 | ↑ Top 25% | +0.0% |
| 2024 | $6,802,184 | $193,498 | $574,650 | $1,361,070 | ↑ Top 25% | +23.7% |
| 2023 | $6,802,184 | $150,007 | $423,072 | $1,000,412 | ↑ Top 25% | +0.0% |
| 2022 | $6,802,184 | $166,375 | $416,994 | $932,726 | ↑ Top 25% | +46.1% |
| 2021 | $3,458,546 | $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 | — |