3704 PARLIAMENT CV TX
| Owner | KLOTZ HOWARD & ARNELL J |
|---|---|
| Parcel ID | 0168881423 |
| Short ID | 173920 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 36,046 SF |
| Acres | 0.828 |
| Year Built | — |
| Legal | LOT 23046 *BELOW 715' CONTOUR HIGHLAND LAKE ESTATES SEC 23 |
| Neighborhood | S08WF |
| Land | $469,040 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $469,040 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $469,040 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $469,040 |
| Value Limitation Adjustment (−) (homestead cap) | −$109,147 |
| Net Appraised (assessed) | $359,893 |
| Taxable Value | $359,893 |
|---|
Appreciation: Market value has risen +376.4% from $98,456 (2021) to $469,040 (2025), a CAGR of 47.7% 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 2.1307% in 2025 (+0.0473% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $7,668. Lago Vista ISD is the largest single contributor, at 47.7% of the total 2025 levy.
Assessment Gap: Assessed value ($359,893) is $109,147 below market value, suggesting potential for an upward assessment in future years.
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 100% of market value ($469,040 land vs $0 improvements), about $13/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 $469,040, 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 +47.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,301,182 by 2030, with an estimated annual tax burden around $56,002. 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 154% 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILV Lago Vista ISD | 1.2020% | 1.1846% | 1.0192% | 1.0169% | 1.0169% | +0.0000% | $2,796.48 | $2,796.48 | Paid |
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $1,155.00 | $1,155.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,033.57 | $1,033.57 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $324.56 | $324.56 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $275.00 | $275.00 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $274.91 | $274.91 | Paid |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $5,859.52 | $5,859.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $275,000 | $469,040 | -41.4% |
| Assessed Value | $275,000 | $359,893 | -23.6% |
| Land Value | $324,720 | $469,040 | -30.8% |
| Improvement Value | — | — | — |
| Taxable Value | $275,000 | $359,893 | -23.6% |
| Total Tax 2026 = estimate |
~$5,860
Estimated
|
~$5,860
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $324,720 | $275,000 | -49,720 (-15.3%) |
| Taxable Value | $324,720 | $275,000 | -49,720 (-15.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $275,000 | $324,720 | — | — | $275,000 | $275,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $469,040 | $469,040 | — | −$109,147 | $359,893 | $359,893 | ~$5,860 | Partial |
| 2024 | $— | — | — | — | $469,040 | $— | $6,248 | Verified |
| 2023 | $— | — | — | — | $249,926 | $— | $5,055 | Verified |
| 2022 | $— | — | — | — | $249,926 | $— | $5,519 | Verified |
| 2021 | $98,456 | — | — | — | $98,456 | $— | $2,440 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -30.8% | -9.8% | ~100% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 76.7% | Not available | Partial |
| 2024 | +87.7% ! | +20.0% | 63.9% | 1.3300% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 2.0200% | Verified |
| 2022 | +153.8% ! | +153.8% | ~100% | 2.2100% | Verified |
| 2021 | base year | — | ~100% | 2.4800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +376.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -41.4% | +167.5% | +68.6% | +376.4% | 2025 | -41.4% | 2026 |
| Assessment Ratio | 100.0% | 92.2% | — | 100.0% | 2021 | 76.7% | 2025 |
| Effective Tax Rate (2025) | 1.2500% | 1.2500% | — | 1.2500% | 2025 | 1.2500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,860 | $4,150 | ~$31,666 | $5,860 | 2025 | $2,440 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$692,950 | ~$692,950 | ~2.0439% | ~$14,163 | +47.7% |
| 2027 | ~$1,023,750 | ~$1,023,750 | ~1.9570% | ~$20,035 | +118.3% |
| 2028 | ~$1,512,466 | ~$1,512,466 | ~1.8702% | ~$28,285 | +222.5% |
| 2029 | ~$2,234,486 | ~$2,234,486 | ~1.7833% | ~$39,847 | +376.4% |
| 2030 | ~$3,301,182 | ~$3,301,182 | ~1.6964% | ~$56,002 | +603.8% |
| 2026 | ~$683,569 | ~$683,569 | ~2.1307% | ~$14,565 | +45.7% |
| 2027 | ~$996,219 | ~$996,219 | ~2.1307% | ~$21,227 | +112.4% |
| 2028 | ~$1,451,869 | ~$1,451,869 | ~2.1307% | ~$30,935 | +209.5% |
| 2029 | ~$2,115,923 | ~$2,115,923 | ~2.1307% | ~$45,085 | +351.1% |
| 2030 | ~$3,083,702 | ~$3,083,702 | ~2.1307% | ~$65,706 | +557.4% |
| 2026 | ~$702,331 | ~$702,331 | ~2.0004% | ~$14,050 | +49.7% |
| 2027 | ~$1,051,655 | ~$1,051,655 | ~1.8702% | ~$19,668 | +124.2% |
| 2028 | ~$1,574,726 | ~$1,574,726 | ~1.7399% | ~$27,398 | +235.7% |
| 2029 | ~$2,357,962 | ~$2,357,962 | ~1.6096% | ~$37,953 | +402.7% |
| 2030 | ~$3,530,763 | ~$3,530,763 | ~1.4793% | ~$52,230 | +652.8% |
In 2025, this property's market value of $469,040 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 6× 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 | $469,040 | $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 | $98,456 | $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.