5005 HEFLIN LN TX 78721
| Owner | STREET OLIVER II |
|---|---|
| Parcel ID | 0212210203 |
| Short ID | 204789 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 7,782 SF |
| Acres | 0.179 |
| Year Built | — |
| Legal | LOT 3 BLK B FLOURNOY AND JONES SUBD 4 SEC 1 |
| Neighborhood | E4000 |
| Land | $218,029 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $218,029 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $218,029 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $218,029 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $218,029 |
| Taxable Value | $218,029 |
|---|
Appreciation: Market value has risen +38.4% from $157,500 (2021) to $218,029 (2025), a CAGR of 8.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $4,462. Austin ISD is the largest single contributor, at 45.2% 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 100% of market value ($218,029 land vs $0 improvements), about $28/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 $218,029, this parcel sits in the upper-middle (50th–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.
Forward Outlook: Holding the +8.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $327,383 by 2030, with an estimated annual tax burden around $6,167. 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.
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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $2,017.20 | $2,017.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,142.51 | $1,142.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $819.45 | $819.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $257.32 | $257.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $225.44 | $225.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,461.92 | $4,461.92 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $213,033 | $218,029 | -2.3% |
| Assessed Value | $213,033 | $218,029 | -2.3% |
| Land Value | $213,033 | $218,029 | -2.3% |
| Improvement Value | — | — | — |
| Taxable Value | $213,033 | $218,029 | -2.3% |
| Total Tax 2026 = estimate |
~$4,360
Estimated
|
~$4,462
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $213,033 | $213,033 | +0 (+0.0%) |
| Taxable Value | $213,033 | $213,033 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $213,033 | $213,033 | — | — | $213,033 | $213,033 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $218,029 | $218,029 | — | — | $218,029 | $218,029 | ~$4,462 | Partial |
| 2024 | $— | — | — | — | $202,500 | $— | $4,013 | Verified |
| 2023 | $— | — | — | — | $270,000 | $— | $4,885 | Verified |
| 2022 | $— | — | — | — | $270,000 | $— | $5,332 | Verified |
| 2021 | $157,500 | — | — | — | $157,500 | $— | $3,428 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.3% | -2.3% | ~100% | Not available | Partial |
| 2025 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2024 | -25.0% | -25.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +71.4% | +71.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.3% | +18.1% | +9.0% | +38.4% | 2025 | -2.3% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$4,462 | $3,945 | ~$5,444 | $4,462 | 2025 | $3,428 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$236,495 | ~$236,495 | ~2.0139% | ~$4,763 | +8.5% |
| 2027 | ~$256,526 | ~$256,526 | ~1.9814% | ~$5,083 | +17.7% |
| 2028 | ~$278,253 | ~$278,253 | ~1.9488% | ~$5,423 | +27.6% |
| 2029 | ~$301,820 | ~$301,820 | ~1.9163% | ~$5,784 | +38.4% |
| 2030 | ~$327,383 | ~$327,383 | ~1.8837% | ~$6,167 | +50.2% |
| 2026 | ~$232,135 | ~$232,135 | ~2.0465% | ~$4,751 | +6.5% |
| 2027 | ~$247,153 | ~$247,153 | ~2.0465% | ~$5,058 | +13.4% |
| 2028 | ~$263,143 | ~$263,143 | ~2.0465% | ~$5,385 | +20.7% |
| 2029 | ~$280,168 | ~$280,168 | ~2.0465% | ~$5,734 | +28.5% |
| 2030 | ~$298,294 | ~$298,294 | ~2.0465% | ~$6,105 | +36.8% |
| 2026 | ~$240,856 | ~$240,856 | ~1.9977% | ~$4,811 | +10.5% |
| 2027 | ~$266,073 | ~$266,073 | ~1.9488% | ~$5,185 | +22.0% |
| 2028 | ~$293,930 | ~$293,930 | ~1.9000% | ~$5,585 | +34.8% |
| 2029 | ~$324,703 | ~$324,703 | ~1.8512% | ~$6,011 | +48.9% |
| 2030 | ~$358,699 | ~$358,699 | ~1.8024% | ~$6,465 | +64.5% |
In 2025, this property's market value of $218,029 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — +156% above 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 | $218,029 | $24,862 | $85,028 | $363,420 | ↑ Above median | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $157,500 | $6,000 | $14,480 | $80,000 | ↑ Top 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.