2402 S RANCH RD 620 TX 78734
| Owner | LAKEWAY PLAZA PARTNERS |
|---|---|
| Parcel ID | 0131730303 |
| Short ID | 583514 |
| Type | Real |
| Use Code | 58 Bank — Branch Office |
| Valuation | Income |
| Improvement SF | 2,928 SF |
| Land SF | 54,189 SF |
| Acres | 1.244 |
| Year Built | 2004 |
| Legal | LOT 5A LAKEWAY TOWNE CENTRE REPLAT OF LOT 1 BLK A |
| Neighborhood | 58SWE |
| Land | $1,354,725 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,354,725 |
| Improvement | $765,275 |
|---|---|
| Total Improvement | $765,275 |
| Market | $2,120,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,120,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,120,000 |
| Taxable Value | $2,120,000 |
|---|
Appreciation: Market value has risen +26.6% from $1,674,580 (2021) to $2,120,000 (2025), a CAGR of 6.1% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), 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 6 taxing entities is 1.8496% in 2025 (+0.0309% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $39,212. Lake Travis ISD is the largest single contributor, at 56.2% 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 64% of market value ($1,354,725 land vs $765,275 improvements), about $25/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,120,000, this parcel sits in the upper-middle (50th–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 +6.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,846,907 by 2030, with an estimated annual tax burden around $46,928. 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 | 10,000 SF | ✗ |
| 1ST | 1st Floor | 2,928 SF | ✓ |
| 503 | CANOPY - BANK | 1,122 SF | ✗ |
| 501 | CANOPY | 72 SF | ✗ |
| 482 | LIGHT POLES | 10 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% | $22,041.64 | $22,041.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,967.91 | $7,967.91 | Paid |
| CLW City of Lakeway | 0.1545% | 0.1290% | 0.1440% | 0.1598% | 0.1696% | +0.0098% | $3,596.37 | $3,596.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,502.09 | $2,502.09 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $1,916.46 | $1,916.46 | Paid |
| W17 WCID # 17 | 0.0568% | 0.0543% | 0.0533% | 0.0533% | 0.0560% | +0.0027% | $1,187.20 | $1,187.20 | Paid |
| Combined Rate | 2.0106% | 1.8990% | 1.7598% | 1.8187% | 1.8496% | +0.0309% | $39,211.67 | $39,211.67 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,168,040 | $2,120,000 | +2.3% |
| Assessed Value | $2,168,040 | $2,120,000 | +2.3% |
| Land Value | $1,354,725 | $1,354,725 | +0.0% |
| Improvement Value | $813,315 | $765,275 | +6.3% |
| Taxable Value | $2,168,040 | $2,120,000 | +2.3% |
| Total Tax 2026 = estimate |
~$40,100
Estimated
|
~$39,212
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,235,093 | $2,168,040 | -67,053 (-3.0%) |
| Taxable Value | $2,235,093 | $2,168,040 | -67,053 (-3.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,168,040 | $1,354,725 | $813,315 | — | $2,168,040 | $2,168,040 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,120,000 | $1,354,725 | $765,275 | — | $2,120,000 | $2,120,000 | ~$39,212 | Partial |
| 2024 | $2,070,791 | — | — | −$716,066 | $1,354,725 | $— | $37,738 | Verified |
| 2023 | $1,780,647 | — | — | −$425,922 | $1,354,725 | $— | $36,443 | Verified |
| 2022 | $1,780,647 | — | — | −$425,922 | $1,354,725 | $— | $33,815 | Verified |
| 2021 | $1,674,580 | — | — | −$319,855 | $1,354,725 | $— | $35,801 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.4% | +5.4% | ~100% | Not available | Partial |
| 2025 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2024 | +0.2% | +0.2% | ~100% | 1.8200% | Verified |
| 2023 | +16.3% | +16.3% | ~100% | 1.7600% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.3% | +5.5% | +5.6% | +16.3% | 2024 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 83.1% | — | 100.0% | 2025 | 65.4% | 2024 |
| Effective Tax Rate (2025) | 1.8500% | 1.8500% | — | 1.8500% | 2025 | 1.8500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$39,212 | $36,602 | ~$43,776 | $39,212 | 2025 | $33,815 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,248,761 | ~$2,248,761 | ~1.8094% | ~$40,688 | +6.1% |
| 2027 | ~$2,385,343 | ~$2,385,343 | ~1.7691% | ~$42,200 | +12.5% |
| 2028 | ~$2,530,220 | ~$2,530,220 | ~1.7289% | ~$43,744 | +19.4% |
| 2029 | ~$2,683,897 | ~$2,683,897 | ~1.6886% | ~$45,321 | +26.6% |
| 2030 | ~$2,846,907 | ~$2,846,907 | ~1.6484% | ~$46,928 | +34.3% |
| 2026 | ~$2,206,361 | ~$2,206,361 | ~1.8496% | ~$40,809 | +4.1% |
| 2027 | ~$2,296,241 | ~$2,296,241 | ~1.8496% | ~$42,471 | +8.3% |
| 2028 | ~$2,389,781 | ~$2,389,781 | ~1.8496% | ~$44,202 | +12.7% |
| 2029 | ~$2,487,132 | ~$2,487,132 | ~1.8496% | ~$46,002 | +17.3% |
| 2030 | ~$2,588,449 | ~$2,588,449 | ~1.8496% | ~$47,876 | +22.1% |
| 2026 | ~$2,291,161 | ~$2,291,161 | ~1.7892% | ~$40,994 | +8.1% |
| 2027 | ~$2,476,141 | ~$2,476,141 | ~1.7289% | ~$42,809 | +16.8% |
| 2028 | ~$2,676,056 | ~$2,676,056 | ~1.6685% | ~$44,650 | +26.2% |
| 2029 | ~$2,892,112 | ~$2,892,112 | ~1.6081% | ~$46,509 | +36.4% |
| 2030 | ~$3,125,610 | ~$3,125,610 | ~1.5478% | ~$48,378 | +47.4% |
In 2025, this property's market value of $2,120,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +50% above 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 | $2,120,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,070,791 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,780,647 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,780,647 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,674,580 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.