115 FLYING SCOT ST TX 78734
| Owner | HOBSON HOLDINGS LLC |
|---|---|
| Parcel ID | 0139800542 |
| Short ID | 137973 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 1,388 SF |
| Land SF | 1,696,531 SF |
| Acres | 38.947 |
| Year Built | 1999 |
| Legal | IMPS ONLY LOT 1 LAKEWAY AIR PARK SUBD THE(HANGAR D-4) |
| Neighborhood | 61SWE |
| Land | $39,325 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $39,325 |
| Improvement | $616,654 |
|---|---|
| Total Improvement | $616,654 |
| Market | $3,800,317 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,800,317 |
| Value Limitation Adjustment (−) (homestead cap) | −$549,477 |
| Net Appraised (assessed) | $3,250,840 |
| Taxable Value | $3,250,840 |
|---|
| Total Due | $3,454.48 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +52.9% from $2,485,433 (2021) to $3,800,317 (2025), a CAGR of 11.2% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.8467% in 2025 (+0.0282% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $60,033. Lake Travis ISD is the largest single contributor, at 56.3% of the total 2025 levy.
Assessment Gap: Assessed value ($3,250,840) is $549,477 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 1% of market value ($39,325 land vs $616,654 improvements), about $0/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,800,317, this parcel sits in the top quartile (≥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 +11.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,461,629 by 2030, with an estimated annual tax burden around $84,298. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $3,454.48 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,388 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 137973 | LAKEWAY AIRPARK INC | 115 FLYING SCOT ST LAKEWAY 78734 | $636,288 | $636,288 | $636,288 |
| 487166 | RAGAN EDWIN E | 115 FLYING SCOT DR 78734 | $218,520 | $195,194 | $195,194 |
| 487167 | MORGAN ELLIS F FAMILY TRUST | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487168 | COLLIER MICHAEL L & JOAN C | 115 FLYING SCOT ST 78734 | $218,520 | $149,650 | $149,650 |
| 487169 | NORWOOD RUSSELL W | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487170 | BTE ENERGY LLC | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487171 | NORWOOD RUSSELL W | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487172 | STRATMAN HORST | 115 FLYING SCOT ST 78734 | $218,520 | $218,520 | $218,520 |
| 487173 | SMITH STEPHEN J | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487174 | KOEN PATRICE C MARITAL TRUST | 115 FLYING SCOT ST 78734 | $141,562 | $141,562 | $141,562 |
| 487175 | FINCH DARWIN LEE & | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487176 | BECKETT JESSE J & MAUREEN | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487177 | SOMERVILLE COMPANIES INC THE | 115 FLYING SCOT ST 78734 | $218,520 | $195,194 | $195,194 |
| 487178 | D1 HOLDINGS LLC | 115 FLYING SCOT ST 78734 | $248,449 | $221,948 | $221,948 |
| 487179 | OLUFSEN NIELS & JANE E | 115 FLYING SCOT ST 78734 | $204,364 | $204,364 | $204,364 |
| 487180 | YARBROUGH BOB | 115 FLYING SCOT ST 78734 | $103,091 | $103,091 | $103,091 |
| 487181 | HOBSON HOLDINGS LLC | 115 FLYING SCOT ST 78734 | $248,449 | $221,948 | $221,948 |
| 1014903 | LAKEWAY AIRPARK INC | — | $314,719 | $314,719 | $314,719 |
| 1014904 | LAKEWAY AIRPARK INC | — | $314,719 | $314,719 | $314,719 |
| 1014905 | LAKEWAY AIRPARK INC | — | $314,719 | $314,719 | $314,719 |
| 1014906 | LAKEWAY AIRPARK INC | — | $314,719 | $314,719 | $314,719 |
| 1014907 | LAKEWAY AIRPARK INC | — | $1,571,935 | $1,571,935 | $1,571,935 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $32,801.13 | $31,109.93 | $1,691.20 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,857.41 | $11,246.05 | $611.36 |
| CLW City of Lakeway | 0.1545% | 0.1290% | 0.1440% | 0.1598% | 0.1696% | +0.0098% | $5,351.90 | $5,075.96 | $275.94 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,723.47 | $3,531.49 | $191.98 |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $2,851.90 | $2,704.86 | $147.04 |
| U26 Lakeway MUD | 0.0822% | 0.0631% | 0.0531% | 0.0531% | 0.0531% | +0.0000% | $1,667.05 | $1,580.68 | $86.37 |
| Combined Rate | 2.0360% | 1.9078% | 1.7596% | 1.8185% | 1.8467% | +0.0282% | $58,252.86 | $55,248.97 | $3,003.89 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,816,734 | $3,800,317 | +79.4% |
| Assessed Value | $6,484,928 | $3,250,840 | +99.5% |
| Land Value | $39,325 | $39,325 | +0.0% |
| Improvement Value | $596,963 | $616,654 | -3.2% |
| Taxable Value | $6,484,928 | $3,250,840 | +99.5% |
| HS Cap Loss | -$331,806 | — | |
| Total Tax 2026 = estimate |
~$119,758
Estimated
|
~$58,253
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,083,135 | $6,816,734 | -266,401 (-3.8%) |
| Taxable Value | $6,627,579 | $6,484,928 | -142,651 (-2.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,816,734 | $39,325 | $596,963 | −$331,806 | $6,484,928 | $6,484,928 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,800,317 | $39,325 | $616,654 | −$549,477 | $3,250,840 | $3,250,840 | ~$58,253 | Partial |
| 2024 | $2,785,509 | — | — | — | — | $— | $49,877 | Verified |
| 2023 | $2,589,966 | — | — | — | — | $— | $49,007 | Verified |
| 2022 | $2,450,144 | — | — | — | — | $— | $49,402 | Verified |
| 2021 | $2,485,433 | — | — | −$2,446,108 | $39,325 | $— | $49,872 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.8% | +20.0% | 89.3% | Not available | Partial |
| 2025 | +44.1% | +20.0% | 83.3% | Not available | Partial |
| 2024 | -1.7% | -1.7% | ~100% | 1.7900% | Verified |
| 2023 | +10.3% | +10.3% | ~100% | 1.6700% | Verified |
| 2022 | -73.7% | -73.7% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.0100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -58.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +79.4% | +25.5% | +1.4% | +79.4% | 2026 | -1.4% | 2022 |
| Assessment Ratio | 95.1% | 60.7% | — | 95.1% | 2026 | 1.6% | 2021 |
| Effective Tax Rate (2025) | 1.5400% | 1.5400% | — | 1.5400% | 2025 | 1.5400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$58,253 | $51,282 | ~$74,042 | $58,253 | 2025 | $49,007 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,225,949 | ~$3,575,924 | ~1.7994% | ~$64,345 | +11.2% |
| 2027 | ~$4,699,252 | ~$3,933,516 | ~1.7521% | ~$68,918 | +23.7% |
| 2028 | ~$5,225,564 | ~$4,326,868 | ~1.7048% | ~$73,762 | +37.5% |
| 2029 | ~$5,810,822 | ~$4,759,555 | ~1.6574% | ~$78,887 | +52.9% |
| 2030 | ~$6,461,629 | ~$5,235,510 | ~1.6101% | ~$84,298 | +70.0% |
| 2026 | ~$4,149,943 | ~$3,575,924 | ~1.8467% | ~$66,037 | +9.2% |
| 2027 | ~$4,531,734 | ~$3,933,516 | ~1.8467% | ~$72,641 | +19.2% |
| 2028 | ~$4,948,649 | ~$4,326,868 | ~1.8467% | ~$79,905 | +30.2% |
| 2029 | ~$5,403,921 | ~$4,759,555 | ~1.8467% | ~$87,895 | +42.2% |
| 2030 | ~$5,901,077 | ~$5,235,510 | ~1.8467% | ~$96,685 | +55.3% |
| 2026 | ~$4,301,955 | ~$3,575,924 | ~1.7757% | ~$63,499 | +13.2% |
| 2027 | ~$4,869,810 | ~$3,933,516 | ~1.7048% | ~$67,057 | +28.1% |
| 2028 | ~$5,512,620 | ~$4,326,868 | ~1.6338% | ~$70,691 | +45.1% |
| 2029 | ~$6,240,281 | ~$4,759,555 | ~1.5628% | ~$74,382 | +64.2% |
| 2030 | ~$7,063,993 | ~$5,235,510 | ~1.4918% | ~$78,104 | +85.9% |
In 2025, this property's market value of $3,800,317 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +168% 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 | $3,800,317 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $2,785,509 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,589,966 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,450,144 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,485,433 | $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.