12815 SHOPS PARKWAY TX
| Owner | IVT SHOPS AT GALLERIA |
|---|---|
| Parcel ID | 0119630212 |
| Short ID | 850969 |
| Type | Real |
| Use Code | 41 Community Shopping Center |
| Valuation | Income |
| Improvement SF | 17,050 SF |
| Land SF | 70,567 SF |
| Acres | 1.620 |
| Year Built | 2008 |
| Legal | LOT 6A BLK A SHOPS AT THE GALLERIA LTS 2,8-9 BLK A & LTS 1-4 BLK B, LT 1 BLK C, LT 6A BLK A REPLAT |
| Neighborhood | 41SWE |
| Land | $1,058,508 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,058,508 |
| Improvement | $5,927,742 |
|---|---|
| Total Improvement | $5,927,742 |
| Market | $6,986,250 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,986,250 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,986,250 |
| Taxable Value | $6,986,250 |
|---|
Appreciation: Market value has fallen -7.1% from $7,517,322 (2021) to $6,986,250 (2025), a CAGR of -1.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.1190% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $148,036. Lake Travis ISD is the largest single contributor, at 49.4% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 15% of market value ($1,058,508 land vs $5,927,742 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,986,250, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 -1.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,374,855 by 2030, with an estimated annual tax burden around $118,768. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 19,500 SF | ✗ |
| 1ST | 1st Floor | 17,050 SF | ✓ |
| 501 | CANOPY | 3,472 SF | ✗ |
| 611 | TERRACE | 2,844 SF | ✗ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $69,691.16 | $69,691.16 | Paid |
| U6J West Travis County MUD # 8 | 0.5044% | 0.4834% | 0.4750% | 0.4750% | 0.4750% | +0.0000% | $30,833.70 | $30,833.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,192.92 | $25,192.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,911.09 | $7,911.09 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $6,059.45 | $6,059.45 | Paid |
| VBC City of Bee Cave | 0.0200% | 0.0200% | 0.0200% | 0.0200% | 0.0200% | +0.0000% | $1,340.60 | $1,340.60 | Paid |
| Combined Rate | 2.3237% | 2.2191% | 2.0575% | 2.1006% | 2.1190% | +0.0184% | $141,028.92 | $141,028.92 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,992,481 | $6,986,250 | +0.1% |
| Assessed Value | $6,992,481 | $6,986,250 | +0.1% |
| Land Value | $1,058,508 | $1,058,508 | +0.0% |
| Improvement Value | $5,933,973 | $5,927,742 | +0.1% |
| Taxable Value | $6,992,481 | $6,986,250 | +0.1% |
| Total Tax 2026 = estimate |
~$148,168
Estimated
|
~$141,029
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,629,542 | $6,992,481 | -637,061 (-8.3%) |
| Taxable Value | $7,629,542 | $6,992,481 | -637,061 (-8.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,992,481 | $1,058,508 | $5,933,973 | — | $6,992,481 | $6,992,481 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,986,250 | $1,058,508 | $5,927,742 | — | $6,986,250 | $6,986,250 | ~$141,029 | Partial |
| 2024 | $6,526,678 | — | — | −$5,468,170 | $1,058,508 | $— | $139,657 | Verified |
| 2023 | $6,596,600 | — | — | −$5,538,092 | $1,058,508 | $— | $135,252 | Verified |
| 2022 | $— | — | — | — | $1,058,508 | $— | $138,527 | Verified |
| 2021 | $7,517,322 | — | — | −$6,458,814 | $1,058,508 | $— | $147,742 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.2% | +9.2% | ~100% | Not available | Partial |
| 2025 | +1.1% | +1.1% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | 2.0200% | Verified |
| 2023 | +5.2% | +5.2% | ~100% | 1.9500% | Verified |
| 2022 | -3.4% | -3.4% | ~100% | 2.1000% | Verified |
| 2021 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | -1.5% | -1.8% | +7.0% | 2025 | -12.2% | 2023 |
| Assessment Ratio | 100.0% | 49.3% | — | 100.0% | 2025 | 14.1% | 2021 |
| Effective Tax Rate (2025) | 2.0200% | 2.0200% | — | 2.0200% | 2025 | 2.0200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$141,029 | $140,920 | ~$130,136 | $147,742 | 2021 | $135,252 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,859,451 | ~$6,859,451 | ~2.0678% | ~$141,839 | -1.8% |
| 2027 | ~$6,734,954 | ~$6,734,954 | ~2.0166% | ~$135,818 | -3.6% |
| 2028 | ~$6,612,716 | ~$6,612,716 | ~1.9654% | ~$129,969 | -5.3% |
| 2029 | ~$6,492,696 | ~$6,492,696 | ~1.9143% | ~$124,287 | -7.1% |
| 2030 | ~$6,374,855 | ~$6,374,855 | ~1.8631% | ~$118,768 | -8.8% |
| 2026 | ~$6,719,726 | ~$6,719,726 | ~2.1190% | ~$142,389 | -3.8% |
| 2027 | ~$6,463,370 | ~$6,463,370 | ~2.1190% | ~$136,957 | -7.5% |
| 2028 | ~$6,216,794 | ~$6,216,794 | ~2.1190% | ~$131,732 | -11.0% |
| 2029 | ~$5,979,625 | ~$5,979,625 | ~2.1190% | ~$126,706 | -14.4% |
| 2030 | ~$5,751,503 | ~$5,751,503 | ~2.1190% | ~$121,872 | -17.7% |
| 2026 | ~$6,999,176 | ~$6,999,176 | ~2.0422% | ~$142,937 | +0.2% |
| 2027 | ~$7,012,126 | ~$7,012,126 | ~1.9654% | ~$137,819 | +0.4% |
| 2028 | ~$7,025,100 | ~$7,025,100 | ~1.8887% | ~$132,681 | +0.6% |
| 2029 | ~$7,038,098 | ~$7,038,098 | ~1.8119% | ~$127,523 | +0.7% |
| 2030 | ~$7,051,120 | ~$7,051,120 | ~1.7351% | ~$122,346 | +0.9% |
In 2025, this property's market value of $6,986,250 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $6,986,250 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,526,678 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,596,600 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $7,517,322 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |
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.