REED PARKS RD 78645
| Owner | KAPOOR BHARAT |
|---|---|
| Parcel ID | 0182580310 |
| Short ID | 968049 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 381,150 SF |
| Acres | 8.750 |
| Year Built | — |
| Legal | NORTHLAKE HILLS ESTATE TRACT 33 SUBD RPLT LTS 1,2A&3A LOT 1B |
| Neighborhood | _RGN130 |
| Land | $1,471,903 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,471,903 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $747,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $747,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $747,000 |
| Taxable Value | $747,000 |
|---|
Tax Burden: The combined rate across 6 taxing entities is 2.1088% in 2025 (+0.0560% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $15,753. Lago Vista ISD is the largest single contributor, at 48.2% 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 197% of market value ($1,471,903 land vs $0 improvements), about $4/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 $747,000, 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.
No delinquent taxes on record.
Market value changed by 110% in 2024, 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% | $7,596.24 | $7,596.24 | Paid |
| CJO City of Jonestown | 0.5188% | 0.4190% | 0.3905% | 0.3925% | 0.3981% | +0.0056% | $2,973.81 | $2,973.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,807.56 | $2,807.56 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $881.63 | $881.63 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $747.00 | $747.00 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $746.75 | $746.75 | Paid |
| Combined Rate | 2.3900% | 2.1989% | 1.9992% | 2.0528% | 2.1088% | +0.0560% | $15,752.99 | $15,752.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $712,163 | $747,000 | -4.7% |
| Assessed Value | $712,163 | $747,000 | -4.7% |
| Land Value | $712,163 | $1,471,903 | -51.6% |
| Improvement Value | — | — | — |
| Taxable Value | $712,163 | $747,000 | -4.7% |
| Total Tax 2026 = estimate |
~$15,018
Estimated
|
~$15,753
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $712,163 | $712,163 | +0 (+0.0%) |
| Taxable Value | $712,163 | $712,163 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $712,163 | $712,163 | — | — | $712,163 | $712,163 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $747,000 | $1,471,903 | — | — | $747,000 | $747,000 | ~$15,753 | Partial |
| 2024 | $— | — | — | — | $1,471,903 | $— | $17,291 | Verified |
| 2023 | $— | — | — | — | $701,925 | $— | $14,033 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.7% | -4.7% | ~100% | Not available | Partial |
| 2025 | -49.2% | -11.3% | ~100% | Not available | Partial |
| 2024 | +109.7% ! | +20.0% | 57.2% | 1.1700% | Verified |
| 2023 | base year | — | ~100% | 2.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.7% | -4.7% | — | -4.7% | 2026 | -4.7% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.1100% | 2.1100% | — | 2.1100% | 2025 | 2.1100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,753 | $15,753 | — | $15,753 | 2025 | $15,753 | 2025 |
In 2025, this property's market value of $747,000 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 | $747,000 | $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% |
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.