INNOVAR CIR TX 78653
| Owner | JANIS ATX LLC |
|---|---|
| Parcel ID | 0247380310 |
| Short ID | 944131 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 32,848 SF |
| Land SF | 65,776 SF |
| Acres | 1.510 |
| Year Built | 2023 |
| Legal | LOT 2 BLK C EASTVILLAGE TOWNCENTER |
| Neighborhood | 1NE1 |
| Land | $789,307 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $789,307 |
| Improvement | $8,910,693 |
|---|---|
| Total Improvement | $8,910,693 |
| Market | $9,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,700,000 |
| Taxable Value | $9,700,000 |
|---|
Appreciation: Market value has risen +320.7% from $2,305,703 (2024) to $9,700,000 (2025), a CAGR of 320.7% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 fell -1.5%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $213,660. Manor ISD is the largest single contributor, at 49.1% 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 8% of market value ($789,307 land vs $8,910,693 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $9,700,000, this parcel sits in the top quartile (≥75th 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 +320.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,782,434,689 by 2030, with an estimated annual tax burden around $292,492. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 16,424 SF | ✓ |
| 2ND | 2nd Floor | 16,424 SF | ✓ |
Market value changed by 100% in 2022, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $104,895.80 | $104,895.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $50,829.65 | $50,829.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $36,456.97 | $36,456.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,448.23 | $11,448.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,029.80 | $10,029.80 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $213,660.45 | $213,660.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,336,851 | $9,700,000 | +6.6% |
| Assessed Value | $10,336,851 | $9,700,000 | +6.6% |
| Land Value | $789,307 | $789,307 | +0.0% |
| Improvement Value | $9,547,544 | $8,910,693 | +7.1% |
| Taxable Value | $10,336,851 | $9,700,000 | +6.6% |
| Total Tax 2026 = estimate |
~$227,688
Estimated
|
~$213,660
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $13,083,012 | $10,336,851 | -2,746,161 (-21.0%) |
| Taxable Value | $13,083,012 | $10,336,851 | -2,746,161 (-21.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,336,851 | $789,307 | $9,547,544 | — | $10,336,851 | $10,336,851 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $9,700,000 | $789,307 | $8,910,693 | — | $9,700,000 | $9,700,000 | ~$213,660 | Partial |
| 2024 | $2,305,703 | — | — | −$1,516,396 | $789,307 | $— | $84,301 | Verified |
| 2023 | $— | — | — | — | $789,307 | $— | $41,272 | Verified |
| 2022 | $— | — | — | — | $131,551 | $— | $3,066 | Verified |
| 2021 | $— | — | — | — | $65,776 | $— | $1,623 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +34.9% | +34.9% | ~100% | Not available | Partial |
| 2025 | +143.1% ! | +143.1% | ~100% | Not available | Partial |
| 2024 | +73.1% | +73.1% | ~100% | 2.1100% | Verified |
| 2023 | +1652.7% ! | +1652.7% | ~100% | 1.7900% | Verified |
| 2022 | +100.0% ! | +100.0% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14647.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.6% | +163.7% | +315.5% | +320.7% | 2025 | +6.6% | 2026 |
| Assessment Ratio | 100.0% | 78.1% | — | 100.0% | 2025 | 34.2% | 2024 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$213,660 | $148,981 | ~$259,513 | $213,660 | 2025 | $84,301 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$40,807,511 | ~$10,670,000 | ~2.1366% | ~$227,976 | +320.7% |
| 2027 | ~$171,675,560 | ~$11,737,000 | ~2.0705% | ~$243,019 | +1669.9% |
| 2028 | ~$722,232,193 | ~$12,910,700 | ~2.0045% | ~$258,790 | +7345.7% |
| 2029 | ~$3,038,401,857 | ~$14,201,770 | ~1.9384% | ~$275,286 | +31223.7% |
| 2030 | ~$12,782,434,689 | ~$15,621,947 | ~1.8723% | ~$292,492 | +131677.7% |
| 2026 | ~$40,613,511 | ~$10,670,000 | ~2.2027% | ~$235,026 | +318.7% |
| 2027 | ~$170,047,140 | ~$11,737,000 | ~2.2027% | ~$258,529 | +1653.1% |
| 2028 | ~$711,980,551 | ~$12,910,700 | ~2.2027% | ~$284,382 | +7240.0% |
| 2029 | ~$2,981,033,998 | ~$14,201,770 | ~2.2027% | ~$312,820 | +30632.3% |
| 2030 | ~$12,481,469,731 | ~$15,621,947 | ~2.2027% | ~$344,102 | +128574.9% |
| 2026 | ~$41,001,511 | ~$10,670,000 | ~2.1036% | ~$224,451 | +322.7% |
| 2027 | ~$173,311,741 | ~$11,737,000 | ~2.0045% | ~$235,264 | +1686.7% |
| 2028 | ~$732,581,774 | ~$12,910,700 | ~1.9054% | ~$245,995 | +7452.4% |
| 2029 | ~$3,096,593,761 | ~$14,201,770 | ~1.8062% | ~$256,519 | +31823.6% |
| 2030 | ~$13,089,177,570 | ~$15,621,947 | ~1.7071% | ~$266,688 | +134840.0% |
In 2025, this property's market value of $9,700,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $9,700,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $2,305,703 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.