2 FIRWOOD CT TX 78738
| Owner | STOKES-HEARN REVOCABLE TRUST |
|---|---|
| Parcel ID | 0131760501 |
| Short ID | 127586 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 11,250 SF |
| Acres | 0.258 |
| Year Built | — |
| Legal | LOT 283 HILLS OF LAKEWAY PHS 4 THE |
| Neighborhood | R3007 |
| Land | $371,875 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $371,875 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $306,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $306,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $306,000 |
| Taxable Value | $306,000 |
|---|
Appreciation: Market value has risen +206.0% from $100,000 (2021) to $306,000 (2025), a CAGR of 32.3% 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 6 taxing entities is 1.9435% in 2025 (+0.0139% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $5,947. Lake Travis ISD is the largest single contributor, at 53.5% 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 122% of market value ($371,875 land vs $0 improvements), about $33/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 $306,000, 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 +32.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,238,435 by 2030, with an estimated annual tax burden around $20,074. 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.
Market value changed by 250% in 2022, 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% | $3,181.48 | $3,181.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,150.09 | $1,150.09 | Paid |
| U25 Hurst Creek MUD | 0.3022% | 0.2707% | 0.2392% | 0.2304% | 0.2275% | -0.0029% | $696.15 | $696.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $361.15 | $361.15 | Paid |
| VHI Village of The Hills | 0.1000% | 0.1000% | 0.1000% | 0.0936% | 0.0920% | -0.0016% | $281.52 | $281.52 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $276.62 | $276.62 | Paid |
| Combined Rate | 2.2015% | 2.0864% | 1.9017% | 1.9296% | 1.9435% | +0.0139% | $5,947.01 | $5,947.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $371,875 | $306,000 | +21.5% |
| Assessed Value | $367,200 | $306,000 | +20.0% |
| Land Value | $371,875 | $371,875 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $367,200 | $306,000 | +20.0% |
| HS Cap Loss | -$4,675 | — | |
| Total Tax 2026 = estimate |
~$7,136
Estimated
|
~$5,947
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $371,875 | $371,875 | +0 (+0.0%) |
| Taxable Value | $367,200 | $367,200 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $371,875 | $371,875 | — | −$4,675 | $367,200 | $367,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $306,000 | $371,875 | — | — | $306,000 | $306,000 | ~$5,947 | Partial |
| 2024 | $— | — | — | — | $306,000 | $— | $5,905 | Verified |
| 2023 | $— | — | — | — | $306,000 | $— | $5,819 | Verified |
| 2022 | $— | — | — | — | $350,000 | $— | $7,302 | Verified |
| 2021 | $100,000 | — | — | — | $100,000 | $— | $2,201 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +21.5% | +20.0% | 98.7% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9300% | Verified |
| 2023 | -12.6% | -12.6% | ~100% | 1.9000% | Verified |
| 2022 | +250.0% ! | +250.0% | ~100% | 2.0900% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +206.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +21.5% | +113.8% | +27.6% | +206.0% | 2025 | +21.5% | 2026 |
| Assessment Ratio | 98.7% | 99.6% | — | 100.0% | 2021 | 98.7% | 2026 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,947 | $4,074 | ~$13,112 | $5,947 | 2025 | $2,201 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$404,717 | ~$404,717 | ~1.8790% | ~$7,604 | +32.3% |
| 2027 | ~$535,281 | ~$535,281 | ~1.8145% | ~$9,712 | +74.9% |
| 2028 | ~$707,966 | ~$707,966 | ~1.7500% | ~$12,389 | +131.4% |
| 2029 | ~$936,360 | ~$936,360 | ~1.6855% | ~$15,782 | +206.0% |
| 2030 | ~$1,238,435 | ~$1,238,435 | ~1.6210% | ~$20,074 | +304.7% |
| 2026 | ~$398,597 | ~$398,597 | ~1.9435% | ~$7,747 | +30.3% |
| 2027 | ~$519,215 | ~$519,215 | ~1.9435% | ~$10,091 | +69.7% |
| 2028 | ~$676,332 | ~$676,332 | ~1.9435% | ~$13,144 | +121.0% |
| 2029 | ~$880,994 | ~$880,994 | ~1.9435% | ~$17,122 | +187.9% |
| 2030 | ~$1,147,588 | ~$1,147,588 | ~1.9435% | ~$22,303 | +275.0% |
| 2026 | ~$410,837 | ~$410,837 | ~1.8467% | ~$7,587 | +34.3% |
| 2027 | ~$551,592 | ~$551,592 | ~1.7500% | ~$9,653 | +80.3% |
| 2028 | ~$740,571 | ~$740,571 | ~1.6532% | ~$12,243 | +142.0% |
| 2029 | ~$994,295 | ~$994,295 | ~1.5564% | ~$15,476 | +224.9% |
| 2030 | ~$1,334,946 | ~$1,334,946 | ~1.4597% | ~$19,486 | +336.3% |
In 2025, this property's market value of $306,000 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — 4× 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 | $306,000 | $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 | $100,000 | $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.