2 LAKEWAY CENTRE CT LAKEWAY, TX 78734
| Owner | TERRELL LAND VENTURES LLC |
|---|---|
| Parcel ID | 0133700538 |
| Short ID | 423266 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,116 SF |
| Land SF | 46,330 SF |
| Acres | 1.064 |
| Year Built | 2017 |
| Legal | LOT 3A LAKEWAY CENTRE AMENDED PLAT OF LOTS 1-3 |
| Neighborhood | 53SWE |
| Land | $555,960 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $555,960 |
| Improvement | $1,833,512 |
|---|---|
| Total Improvement | $1,833,512 |
| Market | $2,389,472 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,389,472 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,389,472 |
| Taxable Value | $2,389,472 |
|---|
Appreciation: Market value has risen +4.3% from $2,290,000 (2021) to $2,389,472 (2025), a CAGR of 1.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $44,196. 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 23% of market value ($555,960 land vs $1,833,512 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,389,472, 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 +1.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,519,910 by 2030, with an estimated annual tax burden around $41,538. 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 | 13,800 SF | ✗ |
| 1ST | 1st Floor | 6,116 SF | ✓ |
| 501 | CANOPY | 84 SF | ✗ |
| 611 | TERRACE | 84 SF | ✗ |
| 482 | LIGHT POLES | 3 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% | $24,843.34 | $24,843.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,980.71 | $8,980.71 | Paid |
| CLW City of Lakeway | 0.1545% | 0.1290% | 0.1440% | 0.1598% | 0.1696% | +0.0098% | $4,053.50 | $4,053.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,820.13 | $2,820.13 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $2,160.06 | $2,160.06 | Paid |
| W17 WCID # 17 | 0.0568% | 0.0543% | 0.0533% | 0.0533% | 0.0560% | +0.0027% | $1,338.10 | $1,338.10 | Paid |
| Combined Rate | 2.0106% | 1.8990% | 1.7598% | 1.8187% | 1.8496% | +0.0309% | $44,195.84 | $44,195.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,829,495 | $2,389,472 | +18.4% |
| Assessed Value | $2,829,495 | $2,389,472 | +18.4% |
| Land Value | $555,960 | $555,960 | +0.0% |
| Improvement Value | $2,273,535 | $1,833,512 | +24.0% |
| Taxable Value | $2,829,495 | $2,389,472 | +18.4% |
| Total Tax 2026 = estimate |
~$52,335
Estimated
|
~$44,196
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,044,729 | $2,829,495 | -215,234 (-7.1%) |
| Taxable Value | $2,867,366 | $2,829,495 | -37,871 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,829,495 | $555,960 | $2,273,535 | — | $2,829,495 | $2,829,495 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,389,472 | $555,960 | $1,833,512 | — | $2,389,472 | $2,389,472 | ~$44,196 | Partial |
| 2024 | $2,280,009 | — | — | −$1,724,049 | $555,960 | $— | $41,964 | Verified |
| 2023 | $2,236,354 | — | — | −$1,680,394 | $555,960 | $— | $40,125 | Verified |
| 2022 | $2,168,971 | — | — | −$1,613,011 | $555,960 | $— | $42,469 | Verified |
| 2021 | $2,290,000 | — | — | −$1,734,040 | $555,960 | $— | $43,609 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.4% | +20.0% | 94.2% | Not available | Partial |
| 2025 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2024 | +1.2% | +1.2% | ~100% | 1.8200% | Verified |
| 2023 | +2.0% | +2.0% | ~100% | 1.7600% | Verified |
| 2022 | +3.1% | +3.1% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 1.9000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +10.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +18.4% | +4.6% | -2.1% | +18.4% | 2026 | -5.3% | 2022 |
| Assessment Ratio | 100.0% | 49.9% | — | 100.0% | 2025 | 24.3% | 2021 |
| 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 |
$44,196 | $42,472 | ~$42,633 | $44,196 | 2025 | $40,125 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,415,008 | ~$2,415,008 | ~1.8094% | ~$43,696 | +1.1% |
| 2027 | ~$2,440,817 | ~$2,440,817 | ~1.7691% | ~$43,181 | +2.1% |
| 2028 | ~$2,466,901 | ~$2,466,901 | ~1.7289% | ~$42,650 | +3.2% |
| 2029 | ~$2,493,265 | ~$2,493,265 | ~1.6886% | ~$42,102 | +4.3% |
| 2030 | ~$2,519,910 | ~$2,519,910 | ~1.6484% | ~$41,538 | +5.5% |
| 2026 | ~$2,367,218 | ~$2,367,218 | ~1.8496% | ~$43,784 | -0.9% |
| 2027 | ~$2,345,172 | ~$2,345,172 | ~1.8496% | ~$43,376 | -1.9% |
| 2028 | ~$2,323,331 | ~$2,323,331 | ~1.8496% | ~$42,972 | -2.8% |
| 2029 | ~$2,301,694 | ~$2,301,694 | ~1.8496% | ~$42,572 | -3.7% |
| 2030 | ~$2,280,258 | ~$2,280,258 | ~1.8496% | ~$42,176 | -4.6% |
| 2026 | ~$2,462,797 | ~$2,462,797 | ~1.7892% | ~$44,065 | +3.1% |
| 2027 | ~$2,538,373 | ~$2,538,373 | ~1.7289% | ~$43,885 | +6.2% |
| 2028 | ~$2,616,268 | ~$2,616,268 | ~1.6685% | ~$43,653 | +9.5% |
| 2029 | ~$2,696,553 | ~$2,696,553 | ~1.6081% | ~$43,365 | +12.9% |
| 2030 | ~$2,779,301 | ~$2,779,301 | ~1.5478% | ~$43,018 | +16.3% |
In 2025, this property's market value of $2,389,472 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +69% 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 | $2,389,472 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,280,009 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,236,354 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,168,971 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,290,000 | $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.