20624 F M RD 1431 3 TX 78645
| Owner | CASEY PROFESSIONAL BUILDING LLC |
|---|---|
| Parcel ID | 0182761304 |
| Short ID | 773641 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 823 SF |
| Land SF | 4,089 SF |
| Acres | 0.094 |
| Year Built | 2008 |
| Legal | UNT 3 CASEY PROFESSIONAL BUILDING CONDOMINIUMS PLUS 7.3 % INT IN COM AREA |
| Neighborhood | 26FNW11 |
| Land | $18,402 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $18,402 |
| Improvement | $293,618 |
|---|---|
| Total Improvement | $293,618 |
| Market | $312,020 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $312,020 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $312,020 |
| Taxable Value | $312,020 |
|---|
Appreciation: Market value has risen +135.7% from $132,386 (2021) to $312,020 (2025), a CAGR of 23.9% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 2.1307% in 2025 (+0.0473% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $6,648. Lago Vista ISD is the largest single contributor, at 47.7% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 6% of market value ($18,402 land vs $293,618 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $312,020, this parcel sits in the bottom quartile (<25th 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 +23.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $911,188 by 2030, with an estimated annual tax burden around $8,525. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 823 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $2,919.09 | $2,919.09 | Paid |
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $1,205.64 | $1,205.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,078.89 | $1,078.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $338.79 | $338.79 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $287.06 | $287.06 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $286.96 | $286.96 | Paid |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $6,116.43 | $6,116.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $273,203 | $312,020 | -12.4% |
| Assessed Value | $273,203 | $312,020 | -12.4% |
| Land Value | $18,402 | $18,402 | +0.0% |
| Improvement Value | $254,801 | $293,618 | -13.2% |
| Taxable Value | $273,203 | $312,020 | -12.4% |
| Total Tax 2026 = estimate |
~$5,821
Estimated
|
~$6,116
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $377,224 | $273,203 | -104,021 (-27.6%) |
| Taxable Value | $344,470 | $273,203 | -71,267 (-20.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $273,203 | $18,402 | $254,801 | — | $273,203 | $273,203 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $312,020 | $18,402 | $293,618 | — | $312,020 | $312,020 | ~$6,116 | Partial |
| 2024 | $238,028 | — | — | −$219,626 | $18,402 | $— | $5,951 | Verified |
| 2023 | $201,716 | — | — | −$183,314 | $18,402 | $— | $4,814 | Verified |
| 2022 | $158,800 | — | — | −$140,398 | $18,402 | $— | $4,454 | Verified |
| 2021 | $132,386 | — | — | −$113,984 | $18,402 | $— | $3,935 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.9% | +10.4% | 91.3% | Not available | Partial |
| 2025 | -12.3% | +9.2% | ~100% | Not available | Partial |
| 2024 | +21.4% | -2.5% | 80.3% | 1.6700% | Verified |
| 2023 | +30.0% | +30.0% | ~100% | 1.6400% | Verified |
| 2022 | -4.4% | -4.4% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 2.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +32.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.4% | +16.7% | +27.4% | +31.1% | 2025 | -12.4% | 2026 |
| Assessment Ratio | 100.0% | 40.4% | — | 100.0% | 2025 | 7.7% | 2024 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,116 | $5,054 | ~$7,769 | $6,116 | 2025 | $3,935 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$386,605 | ~$343,222 | ~2.0439% | ~$7,015 | +23.9% |
| 2027 | ~$479,019 | ~$377,544 | ~1.9570% | ~$7,389 | +53.5% |
| 2028 | ~$593,523 | ~$415,299 | ~1.8702% | ~$7,767 | +90.2% |
| 2029 | ~$735,399 | ~$456,828 | ~1.7833% | ~$8,147 | +135.7% |
| 2030 | ~$911,188 | ~$502,511 | ~1.6964% | ~$8,525 | +192.0% |
| 2026 | ~$380,365 | ~$343,222 | ~2.1307% | ~$7,313 | +21.9% |
| 2027 | ~$463,679 | ~$377,544 | ~2.1307% | ~$8,044 | +48.6% |
| 2028 | ~$565,244 | ~$415,299 | ~2.1307% | ~$8,849 | +81.2% |
| 2029 | ~$689,054 | ~$456,828 | ~2.1307% | ~$9,734 | +120.8% |
| 2030 | ~$839,984 | ~$502,511 | ~2.1307% | ~$10,707 | +169.2% |
| 2026 | ~$392,845 | ~$343,222 | ~2.0004% | ~$6,866 | +25.9% |
| 2027 | ~$494,608 | ~$377,544 | ~1.8702% | ~$7,061 | +58.5% |
| 2028 | ~$622,731 | ~$415,299 | ~1.7399% | ~$7,226 | +99.6% |
| 2029 | ~$784,043 | ~$456,828 | ~1.6096% | ~$7,353 | +151.3% |
| 2030 | ~$987,140 | ~$502,511 | ~1.4793% | ~$7,434 | +216.4% |
In 2025, this property's market value of $312,020 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -78% below 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 | $312,020 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $238,028 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $201,716 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $158,800 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $132,386 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.