15201 FALCON HEAD BLVD TX 78738
| Owner | FH TEXAS MANAGEMENT CO LLC |
|---|---|
| Parcel ID | 0123700507 |
| Short ID | 900101 |
| Type | Real |
| Use Code | 92 Country Club |
| Valuation | Income |
| Improvement SF | 9,394 SF |
| Land SF | 232,811 SF |
| Acres | 5.345 |
| Year Built | 2004 |
| Legal | LOT 1A BLK A SPILLMAN RANCH PHS 1 SEC 8 LT 1A BLK A |
| Neighborhood | 92SWE |
| Land | $106,892 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $106,892 |
| Improvement | $1,212,439 |
|---|---|
| Total Improvement | $1,212,439 |
| Market | $1,319,331 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,319,331 |
| Value Limitation Adjustment (−) (homestead cap) | −$614,507 |
| Net Appraised (assessed) | $704,824 |
| Taxable Value | $704,824 |
|---|
Appreciation: Market value has risen +170.7% from $487,395 (2021) to $1,319,331 (2025), a CAGR of 28.3% over 4 years. 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 Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 1.6440% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $11,587. Lake Travis ISD is the largest single contributor, at 63.2% of the total 2025 levy.
Assessment Gap: Assessed value ($704,824) is $614,507 below market value, suggesting potential for an upward assessment in future years.
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 8% of market value ($106,892 land vs $1,212,439 improvements), about $0/SF of land. Most value sits in the improvements, so building condition, age (~22 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,319,331, this parcel sits in the lower-middle (25th–50th 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 +28.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,580,835 by 2030, with an estimated annual tax burden around $16,174. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 68,000 SF | ✗ |
| 1ST | 1st Floor | 9,394 SF | ✓ |
| 501 | CANOPY | 5,268 SF | ✗ |
| SO | Sketch Only | 396 SF | ✗ |
| 482 | LIGHT POLES | 20 SF | ✓ |
Market value changed by 169% in 2024, 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $7,328.06 | $7,328.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,649.05 | $2,649.05 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $831.85 | $831.85 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $637.15 | $637.15 | Paid |
| VBC City of Bee Cave | 0.0200% | 0.0200% | 0.0200% | 0.0200% | 0.0200% | +0.0000% | $140.96 | $140.96 | Paid |
| Combined Rate | 1.8193% | 1.7357% | 1.5825% | 1.6256% | 1.6440% | +0.0184% | $11,587.07 | $11,587.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,683,620 | $1,319,331 | +27.6% |
| Assessed Value | $1,683,620 | $704,824 | +138.9% |
| Land Value | $106,892 | $106,892 | +0.0% |
| Improvement Value | $1,576,728 | $1,212,439 | +30.0% |
| Taxable Value | $1,683,620 | $704,824 | +138.9% |
| Total Tax 2026 = estimate |
~$27,678
Estimated
|
~$11,587
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,683,620 | $1,683,620 | +0 (+0.0%) |
| Taxable Value | $1,683,620 | $1,683,620 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,683,620 | $106,892 | $1,576,728 | — | $1,683,620 | $1,683,620 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,319,331 | $106,892 | $1,212,439 | −$614,507 | $704,824 | $704,824 | ~$11,587 | Partial |
| 2024 | $489,461 | — | — | −$382,569 | $106,892 | $— | $9,548 | Verified |
| 2023 | $489,461 | — | — | −$382,569 | $106,892 | $— | $7,746 | Verified |
| 2022 | $489,461 | — | — | −$382,569 | $106,892 | $— | $8,496 | Verified |
| 2021 | $487,395 | — | — | −$380,503 | $106,892 | $— | $8,905 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.6% | +138.9% | ~100% | Not available | Partial |
| 2025 | +0.1% | +20.0% | 53.4% | Not available | Partial |
| 2024 | +169.2% ! | +20.0% | 44.6% | 0.7200% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.5800% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.7400% | Verified |
| 2021 | base year | — | ~100% | 1.8300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +169.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +27.6% | +39.5% | +22.7% | +169.5% | 2025 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 40.1% | — | 100.0% | 2026 | 21.8% | 2022 |
| Effective Tax Rate (2025) | 0.8800% | 0.8800% | — | 0.8800% | 2025 | 0.8800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,587 | $9,256 | ~$14,240 | $11,587 | 2025 | $7,746 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,692,279 | ~$775,306 | ~1.6001% | ~$12,406 | +28.3% |
| 2027 | ~$2,170,652 | ~$852,837 | ~1.5563% | ~$13,273 | +64.5% |
| 2028 | ~$2,784,250 | ~$938,121 | ~1.5125% | ~$14,189 | +111.0% |
| 2029 | ~$3,571,301 | ~$1,031,933 | ~1.4687% | ~$15,156 | +170.7% |
| 2030 | ~$4,580,835 | ~$1,135,126 | ~1.4248% | ~$16,174 | +247.2% |
| 2026 | ~$1,665,892 | ~$775,306 | ~1.6440% | ~$12,746 | +26.3% |
| 2027 | ~$2,103,488 | ~$852,837 | ~1.6440% | ~$14,020 | +59.4% |
| 2028 | ~$2,656,031 | ~$938,121 | ~1.6440% | ~$15,422 | +101.3% |
| 2029 | ~$3,353,717 | ~$1,031,933 | ~1.6440% | ~$16,965 | +154.2% |
| 2030 | ~$4,234,669 | ~$1,135,126 | ~1.6440% | ~$18,661 | +221.0% |
| 2026 | ~$1,718,666 | ~$775,306 | ~1.5782% | ~$12,236 | +30.3% |
| 2027 | ~$2,238,870 | ~$852,837 | ~1.5125% | ~$12,899 | +69.7% |
| 2028 | ~$2,916,531 | ~$938,121 | ~1.4467% | ~$13,572 | +121.1% |
| 2029 | ~$3,799,305 | ~$1,031,933 | ~1.3810% | ~$14,251 | +188.0% |
| 2030 | ~$4,949,277 | ~$1,135,126 | ~1.3153% | ~$14,930 | +275.1% |
In 2025, this property's market value of $1,319,331 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -7% below 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 | $1,319,331 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $489,461 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $489,461 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $489,461 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $487,395 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.