2806 S PACE BEND RD TX 78669
| Owner | WITN-TX LLC |
|---|---|
| Parcel ID | 0550070108 |
| Short ID | 356265 |
| Type | Real |
| Use Code | 00 (unlisted) |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 94,991 SF |
| Acres | 2.181 |
| Year Built | — |
| Legal | LOT 31 PALEFACE PARK PHS I SEC A |
| Neighborhood | Q08WF |
| Land | $750,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $750,000 |
| Improvement | $41,557 |
|---|---|
| Total Improvement | $41,557 |
| Market | $791,557 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $791,557 |
| Value Limitation Adjustment (−) (homestead cap) | −$102,000 |
| Net Appraised (assessed) | $689,557 |
| Taxable Value | $689,557 |
|---|
Appreciation: Market value has risen +229.8% from $240,000 (2021) to $791,557 (2025), a CAGR of 34.8% 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 Land/Vacant parcel countywide rose +283.7%, so this parcel has lagged the broader land/vacant 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 $11,751. Lake Travis ISD is the largest single contributor, at 61.0% of the total 2025 levy.
Assessment Gap: Assessed value ($689,557) is $102,000 below market value, suggesting potential for an upward assessment in future years.
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 95% of market value ($750,000 land vs $41,557 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 $791,557, this parcel sits in the top quartile (≥75th 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 +11.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $708,349 by 2031, with an estimated annual tax burden around $10,475. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 051 | CARPORT DET 1ST | 1,250 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $7,169.32 | $7,169.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,591.67 | $2,591.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $813.84 | $813.84 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $641.39 | $641.39 | Paid |
| E16 Travis County ESD # 16 | 0.0880% | 0.0740% | 0.0730% | 0.0750% | 0.0775% | +0.0025% | $534.41 | $534.41 | Paid |
| Combined Rate | 1.8843% | 1.7820% | 1.6334% | 1.6760% | 1.7041% | +0.0281% | $11,750.63 | $11,750.63 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| ILT Lake Travis ISD | 1.0397% | $7,169.32 | 61.0% |
| TCO Travis County | 0.3758% | $2,591.67 | 22.1% |
| THD Travis Central Health | 0.1180% | $813.84 | 6.9% |
| E08 Travis County ESD # 08 | 0.0930% | $641.39 | 5.5% |
| E16 Travis County ESD # 16 | 0.0775% | $534.41 | 4.5% |
| Total | 1.7041% | $11,750.63 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $412,315 | $791,557 | -47.9% |
| Assessed Value | $412,315 | $689,557 | -40.2% |
| Land Value | $375,000 | $750,000 | -50.0% |
| Improvement Value | $37,315 | $41,557 | -10.2% |
| Taxable Value | $412,315 | $689,557 | -40.2% |
| Total Tax 2026 = estimate |
~$7,026
Estimated
|
~$11,751
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $412,315 | $375,000 | $37,315 | — | $412,315 | $412,315 | Not yet — post-cert | Preliminary |
| 2025 | $791,557 | $750,000 | $41,557 | −$102,000 | $689,557 | $689,557 | ~$11,751 | Partial |
| 2024 | $750,000 | $750,000 | — | −$210,000 | $540,000 | $540,000 | $9,050 | Verified |
| 2023 | $450,000 | $450,000 | — | — | $450,000 | $450,000 | $7,351 | Verified |
| 2022 | $450,000 | $450,000 | — | — | $450,000 | $450,000 | $8,019 | Verified |
| 2021 | $240,000 | $240,000 | — | — | $240,000 | $240,000 | $4,522 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -47.9% | -40.2% | ~100% | Not available | Partial |
| 2025 | +5.5% | +27.7% | 87.1% | Not available | Partial |
| 2024 | +66.7% | +20.0% | 72.0% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +87.5% ! | +87.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +229.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -47.9% | +22.4% | +11.4% | +87.5% | 2022 | -47.9% | 2026 |
| Assessment Ratio | 100.0% | 93.2% | — | 100.0% | 2021 | 72.0% | 2024 |
| Effective Tax Rate (2025) | 1.4800% | 1.4800% | — | 1.4800% | 2025 | 1.4800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,751 | $8,139 | ~$8,999 | $11,751 | 2025 | $4,522 | 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 | ~$459,444 | ~$459,444 | ~1.6590% | ~$7,622 | +11.4% |
| 2028 | ~$511,960 | ~$511,960 | ~1.6140% | ~$8,263 | +24.2% |
| 2029 | ~$570,479 | ~$570,479 | ~1.5689% | ~$8,950 | +38.4% |
| 2030 | ~$635,687 | ~$635,687 | ~1.5239% | ~$9,687 | +54.2% |
| 2031 | ~$708,349 | ~$708,349 | ~1.4788% | ~$10,475 | +71.8% |
| 2027 | ~$451,198 | ~$451,198 | ~1.7041% | ~$7,689 | +9.4% |
| 2028 | ~$493,747 | ~$493,747 | ~1.7041% | ~$8,414 | +19.7% |
| 2029 | ~$540,310 | ~$540,310 | ~1.7041% | ~$9,207 | +31.0% |
| 2030 | ~$591,263 | ~$591,263 | ~1.7041% | ~$10,076 | +43.4% |
| 2031 | ~$647,021 | ~$647,021 | ~1.7041% | ~$11,026 | +56.9% |
| 2027 | ~$467,690 | ~$467,690 | ~1.6365% | ~$7,654 | +13.4% |
| 2028 | ~$530,503 | ~$530,503 | ~1.5689% | ~$8,323 | +28.7% |
| 2029 | ~$601,752 | ~$601,752 | ~1.5014% | ~$9,034 | +45.9% |
| 2030 | ~$682,569 | ~$682,569 | ~1.4338% | ~$9,787 | +65.5% |
| 2031 | ~$774,241 | ~$774,241 | ~1.3662% | ~$10,578 | +87.8% |
In 2025, this property's market value of $791,557 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 9× 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 | $791,557 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $750,000 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $450,000 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $450,000 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $240,000 | $8,000 | $22,000 | $81,900 | ↑ 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 | — |