5612 SPRINGDALE RD TX 78723
| Owner | 5612 SPRINGDALE LLC |
|---|---|
| Parcel ID | 0219231013 |
| Short ID | 215277 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 74,052 SF |
| Acres | 1.700 |
| Year Built | — |
| Legal | LOT B PRESWYCK HILLS COMMERCIAL ADDN |
| Neighborhood | 1EA3 |
| Land | $2,962,080 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,962,080 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,050,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,050,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,050,000 |
| Taxable Value | $1,050,000 |
|---|
Appreciation: Market value has risen +41.8% from $740,520 (2021) to $1,050,000 (2025), a CAGR of 9.1% 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 $21,488. 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 282% of market value ($2,962,080 land vs $0 improvements), about $40/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 $1,050,000, this parcel sits in the top quartile (≥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 +9.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,624,632 by 2030, with an estimated annual tax burden around $30,604. 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.
Market value changed by 167% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $9,714.60 | $9,714.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,502.18 | $5,502.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,946.37 | $3,946.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,239.24 | $1,239.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,085.70 | $1,085.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,488.09 | $21,488.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,050,000 | $1,050,000 | +0.0% |
| Assessed Value | $1,050,000 | $1,050,000 | +0.0% |
| Land Value | $2,962,080 | $2,962,080 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,050,000 | $1,050,000 | +0.0% |
| Total Tax 2026 = estimate |
~$21,488
Estimated
|
~$21,488
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,050,000 | $1,050,000 | +0 (+0.0%) |
| Taxable Value | $1,050,000 | $1,050,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,050,000 | $2,962,080 | — | — | $1,050,000 | $1,050,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,050,000 | $2,962,080 | — | — | $1,050,000 | $1,050,000 | ~$21,488 | Partial |
| 2024 | $— | — | — | — | $1,115,000 | $— | $22,097 | Verified |
| 2023 | $— | — | — | — | $2,962,080 | $— | $24,012 | Verified |
| 2022 | $— | — | — | — | $1,110,780 | $— | $21,937 | Verified |
| 2021 | $740,520 | — | — | — | $740,520 | $— | $16,119 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -5.8% | -5.8% | ~100% | Not available | Partial |
| 2024 | -62.4% | -62.4% | ~100% | 1.9800% | Verified |
| 2023 | +166.7% ! | +166.7% | ~100% | 0.8100% | Verified |
| 2022 | +50.0% | +50.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +41.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +20.9% | +9.1% | +41.8% | 2025 | +0.0% | 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 |
$21,488 | $18,803 | ~$26,714 | $21,488 | 2025 | $16,119 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,145,783 | ~$1,145,783 | ~2.0139% | ~$23,075 | +9.1% |
| 2027 | ~$1,250,304 | ~$1,250,304 | ~1.9814% | ~$24,773 | +19.1% |
| 2028 | ~$1,364,359 | ~$1,364,359 | ~1.9488% | ~$26,589 | +29.9% |
| 2029 | ~$1,488,819 | ~$1,488,819 | ~1.9163% | ~$28,530 | +41.8% |
| 2030 | ~$1,624,632 | ~$1,624,632 | ~1.8837% | ~$30,604 | +54.7% |
| 2026 | ~$1,124,783 | ~$1,124,783 | ~2.0465% | ~$23,019 | +7.1% |
| 2027 | ~$1,204,892 | ~$1,204,892 | ~2.0465% | ~$24,658 | +14.8% |
| 2028 | ~$1,290,707 | ~$1,290,707 | ~2.0465% | ~$26,414 | +22.9% |
| 2029 | ~$1,382,634 | ~$1,382,634 | ~2.0465% | ~$28,295 | +31.7% |
| 2030 | ~$1,481,108 | ~$1,481,108 | ~2.0465% | ~$30,311 | +41.1% |
| 2026 | ~$1,166,783 | ~$1,166,783 | ~1.9977% | ~$23,308 | +11.1% |
| 2027 | ~$1,296,555 | ~$1,296,555 | ~1.9488% | ~$25,268 | +23.5% |
| 2028 | ~$1,440,761 | ~$1,440,761 | ~1.9000% | ~$27,375 | +37.2% |
| 2029 | ~$1,601,005 | ~$1,601,005 | ~1.8512% | ~$29,638 | +52.5% |
| 2030 | ~$1,779,072 | ~$1,779,072 | ~1.8024% | ~$32,065 | +69.4% |
In 2025, this property's market value of $1,050,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 12× 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 | $1,050,000 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +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 | $740,520 | $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.