3635 NORTH HILLS DR TX 78731
| Owner | A+ FEDERAL CREDIT UNION |
|---|---|
| Parcel ID | 0137020401 |
| Short ID | 133819 |
| Type | Real |
| Use Code | 58 Bank — Branch Office |
| Valuation | Income |
| Improvement SF | 3,388 SF |
| Land SF | 29,689 SF |
| Acres | 0.682 |
| Year Built | 2016 |
| Legal | LOT 1 BLK C NORTHWEST HILLS SEC 9-A |
| Neighborhood | 58NWE |
| Land | $445,335 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $445,335 |
| Improvement | $1,190,781 |
|---|---|
| Total Improvement | $1,190,781 |
| Market | $1,636,116 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,636,116 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,636,116 |
| Taxable Value | $1,636,116 |
|---|
Appreciation: Market value has risen +13.7% from $1,438,457 (2021) to $1,636,116 (2025), a CAGR of 3.3% over 4 years. Growth has been relatively flat for this asset class. 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 lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $33,483. Austin ISD is the largest single contributor, at 45.2% 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 27% of market value ($445,335 land vs $1,190,781 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~10 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,636,116, 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 +3.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,921,811 by 2030, with an estimated annual tax burden around $36,202. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,920 SF | ✗ |
| 1ST | 1st Floor | 3,388 SF | ✓ |
| 503 | CANOPY - BANK | 1,450 SF | ✗ |
| 501 | CANOPY | 262 SF | ✗ |
| 611 | TERRACE | 262 SF | ✗ |
| 482 | LIGHT POLES | 5 SF | ✓ |
Market value changed by 100% in 2026, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $15,137.35 | $15,137.35 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,573.53 | $8,573.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,149.26 | $6,149.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,930.99 | $1,930.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,691.74 | $1,691.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,482.87 | $33,482.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,636,116 | $1,636,116 | +0.0% |
| Assessed Value | $1,636,116 | $1,636,116 | +0.0% |
| Land Value | $445,335 | $445,335 | +0.0% |
| Improvement Value | $1,190,781 | $1,190,781 | +0.0% |
| Taxable Value | $1,636,116 | $1,636,116 | +0.0% |
| Total Tax 2026 = estimate |
~$33,483
Estimated
|
~$33,483
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,273,587 | $1,636,116 | -1,637,471 (-50.0%) |
| Taxable Value | $1,963,339 | $1,636,116 | -327,223 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,636,116 | $445,335 | $1,190,781 | — | $1,636,116 | $1,636,116 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,636,116 | $445,335 | $1,190,781 | — | $1,636,116 | $1,636,116 | ~$33,483 | Partial |
| 2024 | $1,358,587 | — | — | −$913,252 | $445,335 | $— | $32,310 | Verified |
| 2023 | $1,394,185 | — | — | −$948,850 | $445,335 | $— | $24,580 | Verified |
| 2022 | $1,410,933 | — | — | −$965,598 | $445,335 | $— | $27,534 | Verified |
| 2021 | $1,438,457 | — | — | −$993,122 | $445,335 | $— | $30,711 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +100.1% ! | +20.0% | 60.0% | Not available | Partial |
| 2025 | +0.0% | +0.4% | ~100% | Not available | Partial |
| 2024 | +20.4% | +20.0% | ~100% | 1.9700% | Verified |
| 2023 | -2.6% | -2.6% | ~100% | 1.8100% | Verified |
| 2022 | -1.2% | -1.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +2.9% | +3.3% | +20.4% | 2025 | -2.6% | 2024 |
| Assessment Ratio | 100.0% | 54.6% | — | 100.0% | 2025 | 31.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$33,483 | $29,724 | ~$35,116 | $33,483 | 2025 | $24,580 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,689,637 | ~$1,689,637 | ~2.0139% | ~$34,028 | +3.3% |
| 2027 | ~$1,744,909 | ~$1,744,909 | ~1.9814% | ~$34,573 | +6.6% |
| 2028 | ~$1,801,988 | ~$1,801,988 | ~1.9488% | ~$35,118 | +10.1% |
| 2029 | ~$1,860,935 | ~$1,860,935 | ~1.9163% | ~$35,661 | +13.7% |
| 2030 | ~$1,921,811 | ~$1,921,811 | ~1.8837% | ~$36,202 | +17.5% |
| 2026 | ~$1,656,915 | ~$1,656,915 | ~2.0465% | ~$33,909 | +1.3% |
| 2027 | ~$1,677,978 | ~$1,677,978 | ~2.0465% | ~$34,340 | +2.6% |
| 2028 | ~$1,699,308 | ~$1,699,308 | ~2.0465% | ~$34,776 | +3.9% |
| 2029 | ~$1,720,910 | ~$1,720,910 | ~2.0465% | ~$35,218 | +5.2% |
| 2030 | ~$1,742,787 | ~$1,742,787 | ~2.0465% | ~$35,666 | +6.5% |
| 2026 | ~$1,722,359 | ~$1,722,359 | ~1.9977% | ~$34,407 | +5.3% |
| 2027 | ~$1,813,149 | ~$1,813,149 | ~1.9488% | ~$35,335 | +10.8% |
| 2028 | ~$1,908,724 | ~$1,908,724 | ~1.9000% | ~$36,266 | +16.7% |
| 2029 | ~$2,009,337 | ~$2,009,337 | ~1.8512% | ~$37,197 | +22.8% |
| 2030 | ~$2,115,253 | ~$2,115,253 | ~1.8024% | ~$38,125 | +29.3% |
In 2025, this property's market value of $1,636,116 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +15% 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 | $1,636,116 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,358,587 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,394,185 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,410,933 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,438,457 | $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.