20624 F M RD 1431 7 TX 78645
| Owner | CASEY PROFESSIONAL BUILDING LLC |
|---|---|
| Parcel ID | 0182761308 |
| Short ID | 773645 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 747 SF |
| Land SF | 3,697 SF |
| Acres | 0.085 |
| Year Built | 2008 |
| Legal | UNT 7 CASEY PROFESSIONAL BUILDING CONDOMINIUMS PLUS 6.6 % INT IN COM AREA |
| Neighborhood | 26FNW11 |
| Land | $16,637 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $16,637 |
| Improvement | $266,503 |
|---|---|
| Total Improvement | $266,503 |
| Market | $283,140 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $283,140 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $283,140 |
| Taxable Value | $283,140 |
|---|
Appreciation: Market value has risen +133.9% from $121,039 (2021) to $283,140 (2025), a CAGR of 23.7% 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 $6,033. 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 ($16,637 land vs $266,503 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 $283,140, 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 +23.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $819,117 by 2030, with an estimated annual tax burden around $7,736. 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 | 747 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% | $2,648.91 | $2,648.91 | Paid |
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $1,094.05 | $1,094.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $979.03 | $979.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $307.44 | $307.44 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $260.49 | $260.49 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $260.40 | $260.40 | Paid |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $5,550.32 | $5,550.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $247,974 | $283,140 | -12.4% |
| Assessed Value | $247,974 | $283,140 | -12.4% |
| Land Value | $16,637 | $16,637 | +0.0% |
| Improvement Value | $231,337 | $266,503 | -13.2% |
| Taxable Value | $247,974 | $283,140 | -12.4% |
| Total Tax 2026 = estimate |
~$5,284
Estimated
|
~$5,550
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $342,322 | $247,974 | -94,348 (-27.6%) |
| Taxable Value | $312,587 | $247,974 | -64,613 (-20.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $247,974 | $16,637 | $231,337 | — | $247,974 | $247,974 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $283,140 | $16,637 | $266,503 | — | $283,140 | $283,140 | ~$5,550 | Partial |
| 2024 | $216,049 | — | — | −$199,412 | $16,637 | $— | $5,401 | Verified |
| 2023 | $183,088 | — | — | −$166,451 | $16,637 | $— | $4,370 | Verified |
| 2022 | $145,200 | — | — | −$128,563 | $16,637 | $— | $4,043 | Verified |
| 2021 | $121,039 | — | — | −$104,402 | $16,637 | $— | $3,598 | 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 | -5.1% | -5.1% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 2.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.4% | +16.6% | +27.2% | +31.1% | 2025 | -12.4% | 2026 |
| Assessment Ratio | 100.0% | 40.3% | — | 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 |
$5,550 | $4,593 | ~$7,050 | $5,550 | 2025 | $3,598 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$350,163 | ~$311,454 | ~2.0439% | ~$6,366 | +23.7% |
| 2027 | ~$433,051 | ~$342,599 | ~1.9570% | ~$6,705 | +52.9% |
| 2028 | ~$535,560 | ~$376,859 | ~1.8702% | ~$7,048 | +89.2% |
| 2029 | ~$662,334 | ~$414,545 | ~1.7833% | ~$7,393 | +133.9% |
| 2030 | ~$819,117 | ~$456,000 | ~1.6964% | ~$7,736 | +189.3% |
| 2026 | ~$344,500 | ~$311,454 | ~2.1307% | ~$6,636 | +21.7% |
| 2027 | ~$419,158 | ~$342,599 | ~2.1307% | ~$7,300 | +48.0% |
| 2028 | ~$509,995 | ~$376,859 | ~2.1307% | ~$8,030 | +80.1% |
| 2029 | ~$620,517 | ~$414,545 | ~2.1307% | ~$8,833 | +119.2% |
| 2030 | ~$754,992 | ~$456,000 | ~2.1307% | ~$9,716 | +166.6% |
| 2026 | ~$355,826 | ~$311,454 | ~2.0004% | ~$6,230 | +25.7% |
| 2027 | ~$447,171 | ~$342,599 | ~1.8702% | ~$6,407 | +57.9% |
| 2028 | ~$561,966 | ~$376,859 | ~1.7399% | ~$6,557 | +98.5% |
| 2029 | ~$706,229 | ~$414,545 | ~1.6096% | ~$6,672 | +149.4% |
| 2030 | ~$887,528 | ~$456,000 | ~1.4793% | ~$6,746 | +213.5% |
In 2025, this property's market value of $283,140 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -80% 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 | $283,140 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $216,049 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $183,088 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $145,200 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $121,039 | $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.