INVERNESS DR TX 78669
| Owner | BUTLER WILLIAM C TRUST ETAL |
|---|---|
| Parcel ID | 0141880110 |
| Short ID | 140830 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 47,366 SF |
| Acres | 1.087 |
| Year Built | — |
| Legal | N 1.09AC OF TRT 7 LAKEHURST SUBD |
| Neighborhood | Q01WF |
| Land | $1,770,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,770,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,062,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,062,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,062,000 |
| Taxable Value | $1,062,000 |
|---|
Appreciation: Market value has risen +200.0% from $354,000 (2021) to $1,062,000 (2025), a CAGR of 31.6% 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 4 taxing entities is 1.6266% in 2025 (+0.0256% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $17,274. Lake Travis ISD is the largest single contributor, at 63.9% 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 167% of market value ($1,770,000 land vs $0 improvements), about $37/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 $1,062,000, 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 +31.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,193,012 by 2030, with an estimated annual tax burden around $59,309. 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 125% in 2023, 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% | $11,041.61 | $11,041.61 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,991.47 | $3,991.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,253.40 | $1,253.40 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $987.82 | $987.82 | Paid |
| Combined Rate | 1.7963% | 1.7080% | 1.5604% | 1.6010% | 1.6266% | +0.0256% | $17,274.30 | $17,274.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,062,000 | $1,062,000 | +0.0% |
| Assessed Value | $1,062,000 | $1,062,000 | +0.0% |
| Land Value | $1,770,000 | $1,770,000 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,062,000 | $1,062,000 | +0.0% |
| Total Tax 2026 = estimate |
~$17,274
Estimated
|
~$17,274
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,770,000 | $1,062,000 | -708,000 (-40.0%) |
| Taxable Value | $1,274,400 | $1,062,000 | -212,400 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,062,000 | $1,770,000 | — | — | $1,062,000 | $1,062,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,062,000 | $1,770,000 | — | — | $1,062,000 | $1,062,000 | ~$17,274 | Partial |
| 2024 | $— | — | — | — | $1,062,000 | $— | $9,990 | Verified |
| 2023 | $— | — | — | — | $1,062,000 | $— | $8,114 | Verified |
| 2022 | $— | — | — | — | $472,000 | $— | $8,062 | Verified |
| 2021 | $354,000 | — | — | — | $354,000 | $— | $6,359 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +66.7% | +20.0% | 72.0% | Not available | Partial |
| 2025 | -40.0% | +70.2% | ~100% | Not available | Partial |
| 2024 | +66.7% | -41.2% | 35.2% | 0.5600% | Verified |
| 2023 | +125.0% ! | +125.0% | ~100% | 0.7600% | Verified |
| 2022 | +33.3% | +33.3% | ~100% | 1.7100% | Verified |
| 2021 | base year | — | ~100% | 1.8000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +200.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +100.0% | +31.6% | +200.0% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.6300% | 1.6300% | — | 1.6300% | 2025 | 1.6300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$17,274 | $11,817 | ~$38,504 | $17,274 | 2025 | $6,359 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,397,671 | ~$1,397,671 | ~1.5842% | ~$22,141 | +31.6% |
| 2027 | ~$1,839,438 | ~$1,839,438 | ~1.5417% | ~$28,359 | +73.2% |
| 2028 | ~$2,420,836 | ~$2,420,836 | ~1.4993% | ~$36,296 | +128.0% |
| 2029 | ~$3,186,000 | ~$3,186,000 | ~1.4569% | ~$46,416 | +200.0% |
| 2030 | ~$4,193,012 | ~$4,193,012 | ~1.4145% | ~$59,309 | +294.8% |
| 2026 | ~$1,376,431 | ~$1,376,431 | ~1.6266% | ~$22,389 | +29.6% |
| 2027 | ~$1,783,956 | ~$1,783,956 | ~1.6266% | ~$29,018 | +68.0% |
| 2028 | ~$2,312,139 | ~$2,312,139 | ~1.6266% | ~$37,609 | +117.7% |
| 2029 | ~$2,996,703 | ~$2,996,703 | ~1.6266% | ~$48,744 | +182.2% |
| 2030 | ~$3,883,949 | ~$3,883,949 | ~1.6266% | ~$63,176 | +265.7% |
| 2026 | ~$1,418,911 | ~$1,418,911 | ~1.5629% | ~$22,177 | +33.6% |
| 2027 | ~$1,895,770 | ~$1,895,770 | ~1.4993% | ~$28,423 | +78.5% |
| 2028 | ~$2,532,888 | ~$2,532,888 | ~1.4357% | ~$36,364 | +138.5% |
| 2029 | ~$3,384,126 | ~$3,384,126 | ~1.3720% | ~$46,432 | +218.7% |
| 2030 | ~$4,521,443 | ~$4,521,443 | ~1.3084% | ~$59,159 | +325.7% |
In 2025, this property's market value of $1,062,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 12× 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 | $1,062,000 | $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 | $354,000 | $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.