611 SCHICKEL TERR TX 78669
| Owner | PAPPAS JAMES ROBERT JR & |
|---|---|
| Parcel ID | 0139880713 |
| Short ID | 892829 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 44,320 SF |
| Acres | 1.017 |
| Year Built | — |
| Legal | LOT 35A BLK A LAKEWAY HIGHLANDS PHS 1 SEC 8C RESUB LTS 31-35 BLK A |
| Neighborhood | R3008 |
| Land | $1,155,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,155,900 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $800,000 |
| Taxable Value | $800,000 |
|---|
Appreciation: Market value has risen +177.1% from $288,700 (2021) to $800,000 (2025), a CAGR of 29.0% 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 2.1037% in 2025 (+0.0254% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $16,830. Lake Travis ISD is the largest single contributor, at 49.4% 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 144% of market value ($1,155,900 land vs $0 improvements), about $26/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 $800,000, this parcel sits in the top quartile (≥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 +29.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,860,184 by 2030, with an estimated annual tax burden around $40,791. 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 100% 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% | $8,317.60 | $8,317.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,006.76 | $3,006.76 | Paid |
| U4L Travis County MUD # 13 | 0.6950% | 0.4950% | 0.3569% | 0.3175% | 0.3075% | -0.0100% | $2,460.00 | $2,460.00 | Paid |
| CLW City of Lakeway | 0.1545% | 0.1290% | 0.1440% | 0.1598% | 0.1696% | +0.0098% | $1,357.12 | $1,357.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $944.18 | $944.18 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $744.12 | $744.12 | Paid |
| Combined Rate | 2.6458% | 2.3320% | 2.0613% | 2.0783% | 2.1037% | +0.0254% | $16,829.78 | $16,829.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $800,000 | $800,000 | +0.0% |
| Assessed Value | $800,000 | $800,000 | +0.0% |
| Land Value | $866,925 | $1,155,900 | -25.0% |
| Improvement Value | — | — | — |
| Taxable Value | $800,000 | $800,000 | +0.0% |
| Total Tax 2026 = estimate |
~$16,830
Estimated
|
~$16,830
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $866,925 | $800,000 | -66,925 (-7.7%) |
| Taxable Value | $866,925 | $800,000 | -66,925 (-7.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $800,000 | $866,925 | — | — | $800,000 | $800,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $800,000 | $1,155,900 | — | — | $800,000 | $800,000 | ~$16,830 | Partial |
| 2024 | $— | — | — | — | $800,000 | $— | $16,627 | Verified |
| 2023 | $— | — | — | — | $1,155,000 | $— | $23,809 | Verified |
| 2022 | $— | — | — | — | $1,155,000 | $— | $26,935 | Verified |
| 2021 | $288,700 | — | — | — | $577,500 ! | $— | $15,279 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.4% | +8.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -30.7% | -30.7% | ~100% | 2.0800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 2.0600% | Verified |
| 2022 | +100.0% ! | +100.0% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | 5.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +88.5% | +29.0% | +177.1% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 133.3% | — | 200.0% | 2021 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.1000% | 2.1000% | — | 2.1000% | 2025 | 2.1000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$16,830 | $16,055 | ~$29,859 | $16,830 | 2025 | $15,279 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,032,169 | ~$1,032,169 | ~1.9682% | ~$20,315 | +29.0% |
| 2027 | ~$1,331,716 | ~$1,331,716 | ~1.8327% | ~$24,406 | +66.5% |
| 2028 | ~$1,718,195 | ~$1,718,195 | ~1.6972% | ~$29,161 | +114.8% |
| 2029 | ~$2,216,834 | ~$2,216,834 | ~1.5617% | ~$34,620 | +177.1% |
| 2030 | ~$2,860,184 | ~$2,860,184 | ~1.4262% | ~$40,791 | +257.5% |
| 2026 | ~$1,016,169 | ~$1,016,169 | ~2.1037% | ~$21,377 | +27.0% |
| 2027 | ~$1,290,749 | ~$1,290,749 | ~2.1037% | ~$27,154 | +61.3% |
| 2028 | ~$1,639,524 | ~$1,639,524 | ~2.1037% | ~$34,491 | +104.9% |
| 2029 | ~$2,082,542 | ~$2,082,542 | ~2.1037% | ~$43,811 | +160.3% |
| 2030 | ~$2,645,268 | ~$2,645,268 | ~2.1037% | ~$55,649 | +230.7% |
| 2026 | ~$1,048,169 | ~$1,048,169 | ~1.9005% | ~$19,920 | +31.0% |
| 2027 | ~$1,373,323 | ~$1,373,323 | ~1.6972% | ~$23,308 | +71.7% |
| 2028 | ~$1,799,343 | ~$1,799,343 | ~1.4939% | ~$26,881 | +124.9% |
| 2029 | ~$2,357,519 | ~$2,357,519 | ~1.2906% | ~$30,427 | +194.7% |
| 2030 | ~$3,088,848 | ~$3,088,848 | ~1.0874% | ~$33,587 | +286.1% |
In 2025, this property's market value of $800,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 9× 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 | $800,000 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +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 | $288,700 | $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.