308 FLIGHTLINE RD TX 78719
| Owner | LUSE OTIS |
|---|---|
| Parcel ID | 0190730715 |
| Short ID | 186135 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 4,940 SF |
| Land SF | 12,197 SF |
| Acres | 0.280 |
| Year Built | 1982 |
| Legal | ABS 2540 SUR 92 FAUBION F F ACR .28 |
| Neighborhood | 61NWE |
| Land | $195,152 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $195,152 |
| Improvement | $48,806 |
|---|---|
| Total Improvement | $48,806 |
| Market | $243,958 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $243,958 |
| Value Limitation Adjustment (−) (homestead cap) | −$56,958 |
| Net Appraised (assessed) | $187,000 |
| Exemptions (−) (HS) | −$37,400 |
|---|---|
| Taxable Value | $149,600 |
| Total Due | $2,114.50 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has fallen -25.1% from $325,706 (2021) to $243,958 (2025), a CAGR of -7.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has lagged 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 $3,188. City of Lago Vista is the largest single contributor, at 34.2% of the total 2025 levy.
Assessment Gap: Assessed value ($187,000) is $56,958 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 80% of market value ($195,152 land vs $48,806 improvements), about $16/SF of land. With value concentrated in the land under a ~44-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $243,958, 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 -7.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $169,991 by 2030, with an estimated annual tax burden around $2,884. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $2,114.50 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,940 SF | ✓ |
| 881 | COMMCL FINISHOUT | 880 SF | ✓ |
| 327 | STORAGE COMM'L | 100 SF | ✓ |
| 091 | HVAC COMMRCL TON | 2 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| Travis County | 0.3444% | 0.3758% | +47 |
| Travis County ESD # 07 | 0.0910% | 0.1000% | +17 |
| Travis Central Health | 0.1080% | 0.1180% | +15 |
| City of Lago Vista | 0.4231% | 0.4200% | -5 |
| Travis County ESD # 01 | 0.1000% | 0.1000% | +0 |
| Lago Vista ISD | 1.0169% | 1.0169% | +0 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| CLV City of Lago Vista | 0.6070% | 0.4283% | 0.4139% | 0.4231% | 0.4200% | -0.0031% | $628.32 | $— | $628.32 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $562.26 | $— | $562.26 |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $187.00 | $— | $187.00 |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $186.94 | $— | $186.94 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $176.56 | $— | $176.56 |
| ILV Lago Vista ISD | 1.2020% | 1.1846% | 1.0192% | 1.0169% | 1.0169% | +0.0000% | $97.62 | $— | $97.62 |
| Combined Rate | 2.4782% | 2.2082% | 2.0226% | 2.0834% | 2.1307% | +0.0473% | $1,838.70 | $0.00 | $1,838.70 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $254,082 | $243,958 | +4.1% |
| Assessed Value | $205,700 | $187,000 | +10.0% |
| Land Value | $195,152 | $195,152 | +0.0% |
| Improvement Value | $58,930 | $48,806 | +20.7% |
| Taxable Value | $164,560 | $149,600 | +10.0% |
| Exemptions | HS | HS | |
| HS Cap Loss | -$48,382 | — | |
| Total Tax 2026 = estimate |
~$3,506
Estimated
|
$1,839 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $254,082 | $254,082 | +0 (+0.0%) |
| Taxable Value | $164,560 | $164,560 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $254,082 | $195,152 | $58,930 | −$48,382 | $205,700 | $164,560 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $243,958 | $195,152 | $48,806 | −$56,958 | $187,000 | $149,600 | $1,839 | Verified |
| 2024 | $170,000 | — | — | — | $195,152 ! | $— | $1,881 | Verified |
| 2023 | $300,000 | — | — | −$104,848 | $195,152 | $— | $1,794 | Verified |
| 2022 | $346,776 | — | — | −$151,624 | $195,152 | $— | $5,563 | Verified |
| 2021 | $325,706 | — | — | −$130,554 | $195,152 | $— | $8,594 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.1% | +10.0% | 81.0% | Not available | Partial |
| 2025 | +0.3% | +0.0% | 76.6% | 0.7500% | Verified |
| 2024 | -36.7% | -43.3% | 76.9% | 0.7700% | Verified |
| 2023 | +11.9% | -3.9% | 85.9% | 0.4700% | Verified |
| 2022 | -1.0% | -1.0% | ~100% | 1.6200% | Verified |
| 2021 | base year | — | ~100% | 2.6400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -29.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.1% | -0.5% | -7.7% | +43.5% | 2025 | -43.3% | 2024 |
| Assessment Ratio | 81.0% | 75.6% | — | 114.8% | 2024 | 56.3% | 2022 |
| Effective Tax Rate (2025) | 0.7500% | 0.7500% | — | 0.7500% | 2025 | 0.7500% | 2025 |
| Tax Amount | $1,839 | $3,934 | ~$3,630 | $8,594 | 2021 | $1,794 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$226,954 | ~$205,700 | ~2.0439% | ~$4,204 | -7.0% |
| 2027 | ~$211,135 | ~$211,135 | ~1.9570% | ~$4,132 | -13.5% |
| 2028 | ~$196,418 | ~$196,418 | ~1.8702% | ~$3,673 | -19.5% |
| 2029 | ~$182,728 | ~$182,728 | ~1.7833% | ~$3,259 | -25.1% |
| 2030 | ~$169,991 | ~$169,991 | ~1.6964% | ~$2,884 | -30.3% |
| 2026 | ~$231,760 | ~$205,700 | ~2.1307% | ~$4,383 | -5.0% |
| 2027 | ~$220,172 | ~$220,172 | ~2.1307% | ~$4,691 | -9.8% |
| 2028 | ~$209,163 | ~$209,163 | ~2.1307% | ~$4,457 | -14.3% |
| 2029 | ~$198,705 | ~$198,705 | ~2.1307% | ~$4,234 | -18.5% |
| 2030 | ~$188,770 | ~$188,770 | ~2.1307% | ~$4,022 | -22.6% |
| 2026 | ~$231,833 | ~$205,700 | ~2.0004% | ~$4,115 | -5.0% |
| 2027 | ~$220,310 | ~$220,310 | ~1.8702% | ~$4,120 | -9.7% |
| 2028 | ~$209,361 | ~$209,361 | ~1.7399% | ~$3,643 | -14.2% |
| 2029 | ~$198,955 | ~$198,955 | ~1.6096% | ~$3,202 | -18.4% |
| 2030 | ~$189,067 | ~$189,067 | ~1.4793% | ~$2,797 | -22.5% |
In 2025, this property's market value of $243,958 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -83% 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 | $243,958 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $170,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $300,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $346,776 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $325,706 | $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.