20624 F M RD 1431 6 TX 78645
| Owner | CASEY PROFESSIONAL BUILDING LLC |
|---|---|
| Parcel ID | 0182761307 |
| Short ID | 773644 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 1,620 SF |
| Land SF | 8,627 SF |
| Acres | 0.198 |
| Year Built | 2008 |
| Legal | UNT 6 CASEY PROFESSIONAL BUILDING CONDOMINIUMS PLUS 15.4 % INT IN COM AREA |
| Neighborhood | 26FNW11 |
| Land | $38,821 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $38,821 |
| Improvement | $548,326 |
|---|---|
| Total Improvement | $548,326 |
| Market | $587,147 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $587,147 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $587,147 |
| Taxable Value | $587,147 |
|---|
Appreciation: Market value has risen +135.8% from $249,025 (2021) to $587,147 (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 $12,511. 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 7% of market value ($38,821 land vs $548,326 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $587,147, 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 $1,715,445 by 2030, with an estimated annual tax burden around $16,042. 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 | 1,620 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% | $5,493.04 | $5,493.04 | Paid |
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $2,268.74 | $2,268.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,030.22 | $2,030.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $637.53 | $637.53 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $540.18 | $540.18 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $540.00 | $540.00 | Paid |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $11,509.71 | $11,509.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $537,775 | $587,147 | -8.4% |
| Assessed Value | $537,775 | $587,147 | -8.4% |
| Land Value | $38,821 | $38,821 | +0.0% |
| Improvement Value | $498,954 | $548,326 | -9.0% |
| Taxable Value | $537,775 | $587,147 | -8.4% |
| Total Tax 2026 = estimate |
~$11,459
Estimated
|
~$11,510
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $708,900 | $537,775 | -171,125 (-24.1%) |
| Taxable Value | $648,210 | $537,775 | -110,435 (-17.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $537,775 | $38,821 | $498,954 | — | $537,775 | $537,775 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $587,147 | $38,821 | $548,326 | — | $587,147 | $587,147 | ~$11,510 | Partial |
| 2024 | $468,530 | — | — | −$429,709 | $38,821 | $— | $11,714 | Verified |
| 2023 | $397,059 | — | — | −$358,238 | $38,821 | $— | $9,477 | Verified |
| 2022 | $300,000 | — | — | −$261,179 | $38,821 | $— | $8,768 | Verified |
| 2021 | $249,025 | — | — | −$210,204 | $38,821 | $— | $7,435 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.7% | +10.4% | 91.4% | Not available | Partial |
| 2025 | -12.2% | +4.4% | ~100% | Not available | Partial |
| 2024 | +21.2% | +1.9% | 84.1% | 1.7500% | Verified |
| 2023 | +29.7% | +29.7% | ~100% | 1.7200% | Verified |
| 2022 | -2.8% | -2.8% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 2.9900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.4% | +17.6% | +26.2% | +32.4% | 2023 | -8.4% | 2026 |
| Assessment Ratio | 100.0% | 41.1% | — | 100.0% | 2025 | 8.3% | 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 |
$11,510 | $9,781 | ~$14,618 | $11,714 | 2024 | $7,435 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$727,567 | ~$645,862 | ~2.0439% | ~$13,201 | +23.9% |
| 2027 | ~$901,569 | ~$710,448 | ~1.9570% | ~$13,904 | +53.6% |
| 2028 | ~$1,117,184 | ~$781,493 | ~1.8702% | ~$14,615 | +90.3% |
| 2029 | ~$1,384,365 | ~$859,642 | ~1.7833% | ~$15,330 | +135.8% |
| 2030 | ~$1,715,445 | ~$945,606 | ~1.6964% | ~$16,042 | +192.2% |
| 2026 | ~$715,824 | ~$645,862 | ~2.1307% | ~$13,762 | +21.9% |
| 2027 | ~$872,701 | ~$710,448 | ~2.1307% | ~$15,138 | +48.6% |
| 2028 | ~$1,063,958 | ~$781,493 | ~2.1307% | ~$16,652 | +81.2% |
| 2029 | ~$1,297,131 | ~$859,642 | ~2.1307% | ~$18,317 | +120.9% |
| 2030 | ~$1,581,405 | ~$945,606 | ~2.1307% | ~$20,148 | +169.3% |
| 2026 | ~$739,310 | ~$645,862 | ~2.0004% | ~$12,920 | +25.9% |
| 2027 | ~$930,906 | ~$710,448 | ~1.8702% | ~$13,286 | +58.5% |
| 2028 | ~$1,172,156 | ~$781,493 | ~1.7399% | ~$13,597 | +99.6% |
| 2029 | ~$1,475,927 | ~$859,642 | ~1.6096% | ~$13,837 | +151.4% |
| 2030 | ~$1,858,423 | ~$945,606 | ~1.4793% | ~$13,988 | +216.5% |
In 2025, this property's market value of $587,147 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -59% 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 | $587,147 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $468,530 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $397,059 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $300,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $249,025 | $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.