6213 MADRONE TREE LN 78738
| Owner | MIKKELSEN REVOCABLE TRUST |
|---|---|
| Parcel ID | 0121880209 |
| Short ID | 953062 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 6,637 SF |
| Land SF | 36,098 SF |
| Acres | 0.829 |
| Year Built | 2022 |
| Legal | LOT 6 BLK E MADRONE CANYON |
| Neighborhood | P5180 |
| Land | $559,862 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $559,862 |
| Improvement | $2,996,029 |
|---|---|
| Total Improvement | $2,996,029 |
| Market | $3,555,891 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,555,891 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,555,891 |
| Exemptions (−) (HS) | −$711,178 |
|---|---|
| Taxable Value | $2,844,713 |
Appreciation: Market value has risen +30.4% from $2,727,472 (2024) to $3,555,891 (2025), a CAGR of 30.4% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→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 +28.8%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.6240% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $74,644. Lazy Nine MUD #1A is the largest single contributor, at 43.9% of the total 2025 levy.
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 16% of market value ($559,862 land vs $2,996,029 improvements), about $16/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,555,891, this parcel sits in the top quartile (≥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 +30.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,393,347 by 2030, with an estimated annual tax burden around $137,720. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 6,637 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 6,637 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 1,237 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 1,057 SF | ✗ |
| 251 | BATHROOM | 5 SF | ✓ |
| 252 | BEDROOMS | 5 SF | ✓ |
| 522 | FIREPLACE | 3 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 604 | POOL RES CONC | 1 SF | ✗ |
| 447 | SPA CONCRETE | 1 SF | ✗ |
| 410 | OUTDOOR KITCHEN | 1 SF | ✓ |
Market value changed by 870% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| U5L Lazy Nine MUD #1A | 1.0000% | 1.0000% | 1.0000% | 1.0000% | 1.0000% | +0.0000% | $35,558.91 | $35,558.91 | Paid |
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $28,120.90 | $28,120.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,691.71 | $10,691.71 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,357.42 | $3,357.42 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $3,214.49 | $3,214.49 | Paid |
| Combined Rate | 2.7993% | 2.7157% | 2.5625% | 2.6056% | 2.6240% | +0.0184% | $80,943.43 | $80,943.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,894,000 | $3,555,891 | -18.6% |
| Assessed Value | $2,894,000 | $3,555,891 | -18.6% |
| Land Value | $310,491 | $559,862 | -44.5% |
| Improvement Value | $2,583,509 | $2,996,029 | -13.8% |
| Taxable Value | $2,315,200 | $2,844,713 | -18.6% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$60,750
Estimated
|
~$80,943
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,227,677 | $2,894,000 | -333,677 (-10.3%) |
| Taxable Value | $2,582,142 | $2,315,200 | -266,942 (-10.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,894,000 | $310,491 | $2,583,509 | — | $2,894,000 | $2,315,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,555,891 | $559,862 | $2,996,029 | — | $3,555,891 | $2,844,713 | ~$80,943 | Partial |
| 2024 | $2,727,472 | — | — | −$2,167,610 | $559,862 | $— | $74,140 | Verified |
| 2023 | $— | — | — | — | $430,924 | $— | $50,076 | Verified |
| 2022 | $— | — | — | — | $225,000 | $— | $6,110 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.2% | -9.2% | ~100% | Not available | Partial |
| 2025 | +8.8% | +8.8% | ~100% | Not available | Partial |
| 2024 | +49.7% | +49.7% | ~100% | 2.2700% | Verified |
| 2023 | +869.8% ! | +869.8% | ~100% | 2.3000% | Verified |
| 2022 | base year | — | ~100% | 2.7200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1480.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.6% | +5.9% | +36.3% | +30.4% | 2025 | -18.6% | 2026 |
| Assessment Ratio | 100.0% | 73.5% | — | 100.0% | 2025 | 20.5% | 2024 |
| Effective Tax Rate (2025) | 2.2800% | 2.2800% | — | 2.2800% | 2025 | 2.2800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$80,943 | $77,542 | ~$118,644 | $80,943 | 2025 | $74,140 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,635,927 | ~$3,911,480 | ~2.5801% | ~$100,922 | +30.4% |
| 2027 | ~$6,044,004 | ~$4,302,628 | ~2.5363% | ~$109,128 | +70.0% |
| 2028 | ~$7,879,758 | ~$4,732,891 | ~2.4925% | ~$117,967 | +121.6% |
| 2029 | ~$10,273,088 | ~$5,206,180 | ~2.4487% | ~$127,481 | +188.9% |
| 2030 | ~$13,393,347 | ~$5,726,798 | ~2.4048% | ~$137,720 | +276.7% |
| 2026 | ~$4,564,809 | ~$3,911,480 | ~2.6240% | ~$102,636 | +28.4% |
| 2027 | ~$5,859,989 | ~$4,302,628 | ~2.6240% | ~$112,900 | +64.8% |
| 2028 | ~$7,522,652 | ~$4,732,891 | ~2.6240% | ~$124,189 | +111.6% |
| 2029 | ~$9,657,065 | ~$5,206,180 | ~2.6240% | ~$136,608 | +171.6% |
| 2030 | ~$12,397,078 | ~$5,726,798 | ~2.6240% | ~$150,269 | +248.6% |
| 2026 | ~$4,707,045 | ~$3,911,480 | ~2.5582% | ~$100,064 | +32.4% |
| 2027 | ~$6,230,863 | ~$4,302,628 | ~2.4925% | ~$107,242 | +75.2% |
| 2028 | ~$8,247,989 | ~$4,732,891 | ~2.4267% | ~$114,855 | +132.0% |
| 2029 | ~$10,918,123 | ~$5,206,180 | ~2.3610% | ~$122,918 | +207.0% |
| 2030 | ~$14,452,662 | ~$5,726,798 | ~2.2953% | ~$131,445 | +306.4% |
In 2025, this property's market value of $3,555,891 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 42× 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 | $3,555,891 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $2,727,472 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
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.