CABRILLO WAY TX 78738
| Owner | TERRA COLINAS HOMEOWNERS ASS. |
|---|---|
| Parcel ID | 0121781201 |
| Short ID | 879491 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 15,552 SF |
| Acres | 0.357 |
| Year Built | — |
| Legal | LOT 27 BLK G TERRA COLINAS PHS 2 (OS/PARK) (OS/PARK) |
| Neighborhood | P5112 |
| Land | $265,247 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $265,247 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $265,247 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $265,247 |
| Value Limitation Adjustment (−) (homestead cap) | −$108,647 |
| Net Appraised (assessed) | $156,600 |
| Taxable Value | $156,600 |
|---|
| Total Due | $4,414.83 |
|---|---|
| First Delinquent | 2024 |
Appreciation: Market value has risen +181.4% from $94,250 (2021) to $265,247 (2025), a CAGR of 29.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), 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 +487.2%, so this parcel has lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.3740% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3,718. Lake Travis ISD is the largest single contributor, at 43.8% of the total 2025 levy.
Assessment Gap: Assessed value ($156,600) is $108,647 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 100% of market value ($265,247 land vs $0 improvements), about $17/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 $265,247, this parcel sits in the upper-middle (50th–75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, 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 +29.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $966,856 by 2030, with an estimated annual tax burden around $20,834. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $4,414.83 in unpaid taxes since 2024. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| Travis County | 0.3444% | 0.3758% | +49 |
| Lake Travis ISD | 1.0656% | 1.0397% | -41 |
| Travis Central Health | 0.1080% | 0.1180% | +16 |
| Travis County ESD # 06 | 0.0876% | 0.0904% | +4 |
| Travis County MUD # 18 | 0.7500% | 0.7500% | +0 |
Market value changed by 141% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $1,628.17 | $— | $1,628.17 |
| U6N Travis County MUD # 18 | 0.7500% | 0.7500% | 0.7500% | 0.7500% | 0.7500% | +0.0000% | $1,174.50 | $— | $1,174.50 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $588.57 | $— | $588.57 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $184.82 | $— | $184.82 |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $141.56 | $— | $141.56 |
| Combined Rate | 2.5493% | 2.4657% | 2.3125% | 2.3556% | 2.3740% | +0.0184% | $3,717.62 | $0.00 | $3,717.62 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $265,247 | $265,247 | +0.0% |
| Assessed Value | $187,920 | $156,600 | +20.0% |
| Land Value | $265,247 | $265,247 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $187,920 | $156,600 | +20.0% |
| HS Cap Loss | -$77,327 | — | |
| Total Tax 2026 = estimate |
~$4,461
Estimated
|
$3,718 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $265,247 | $265,247 | +0 (+0.0%) |
| Taxable Value | $187,920 | $187,920 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $265,247 | $265,247 | — | −$77,327 | $187,920 | $187,920 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $265,247 | $265,247 | — | −$108,647 | $156,600 | $156,600 | $3,718 | Verified |
| 2024 | $— | — | — | — | $262,500 | $— | $3,074 | Verified |
| 2023 | $— | — | — | — | $108,750 | $— | $2,515 | Verified |
| 2022 | $— | — | — | — | $108,750 | $— | $2,681 | Verified |
| 2021 | $94,250 | — | — | — | $94,250 | $— | $2,403 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +20.0% | 70.8% | Not available | Partial |
| 2025 | +1.0% | +20.0% | 59.0% | 1.4000% | Verified |
| 2024 | +141.4% ! | +20.0% | 49.7% | 1.1700% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 2.3100% | Verified |
| 2022 | +15.4% | +15.4% | ~100% | 2.4700% | Verified |
| 2021 | base year | — | ~100% | 2.5500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +181.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +90.7% | +29.5% | +181.4% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 70.8% | 76.6% | — | 100.0% | 2021 | 59.0% | 2025 |
| Effective Tax Rate (2025) | 1.4000% | 1.4000% | — | 1.4000% | 2025 | 1.4000% | 2025 |
| Tax Amount | $3,718 | $3,060 | ~$13,670 | $3,718 | 2025 | $2,403 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$343,552 | ~$343,552 | ~2.3301% | ~$8,005 | +29.5% |
| 2027 | ~$444,974 | ~$444,974 | ~2.2863% | ~$10,173 | +67.8% |
| 2028 | ~$576,338 | ~$576,338 | ~2.2425% | ~$12,924 | +117.3% |
| 2029 | ~$746,482 | ~$746,482 | ~2.1987% | ~$16,413 | +181.4% |
| 2030 | ~$966,856 | ~$966,856 | ~2.1548% | ~$20,834 | +264.5% |
| 2026 | ~$338,247 | ~$338,247 | ~2.3740% | ~$8,030 | +27.5% |
| 2027 | ~$431,338 | ~$431,338 | ~2.3740% | ~$10,240 | +62.6% |
| 2028 | ~$550,050 | ~$550,050 | ~2.3740% | ~$13,058 | +107.4% |
| 2029 | ~$701,432 | ~$701,432 | ~2.3740% | ~$16,652 | +164.4% |
| 2030 | ~$894,478 | ~$894,478 | ~2.3740% | ~$21,235 | +237.2% |
| 2026 | ~$348,857 | ~$348,857 | ~2.3082% | ~$8,052 | +31.5% |
| 2027 | ~$458,823 | ~$458,823 | ~2.2425% | ~$10,289 | +73.0% |
| 2028 | ~$603,451 | ~$603,451 | ~2.1767% | ~$13,136 | +127.5% |
| 2029 | ~$793,668 | ~$793,668 | ~2.1110% | ~$16,754 | +199.2% |
| 2030 | ~$1,043,846 | ~$1,043,846 | ~2.0453% | ~$21,349 | +293.5% |
In 2025, this property's market value of $265,247 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — 3× the county median of $85,028. 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 | $265,247 | $24,862 | $85,028 | $363,420 | ↑ Above median | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $94,250 | $6,000 | $14,480 | $80,000 | ↑ 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.