INNOVAR CIR TX 78653
| Owner | JANIS ATX LLC |
|---|---|
| Parcel ID | 0247380312 |
| Short ID | 944133 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 17,824 SF |
| Land SF | 43,560 SF |
| Acres | 1.000 |
| Year Built | 2023 |
| Legal | LOT 4 BLK C EASTVILLAGE TOWNCENTER |
| Neighborhood | 1NE1 |
| Land | $522,720 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $522,720 |
| Improvement | $4,757,280 |
|---|---|
| Total Improvement | $4,757,280 |
| Market | $5,280,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,280,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,280,000 |
| Taxable Value | $5,280,000 |
|---|
Appreciation: Market value has risen +246.6% from $1,523,524 (2024) to $5,280,000 (2025), a CAGR of 246.6% 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 $116,302. 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 10% of market value ($522,720 land vs $4,757,280 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 $5,280,000, 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 +246.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,639,714,968 by 2030, with an estimated annual tax burden around $159,212. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 501 | CANOPY | 10,815 SF | ✗ |
| 1ST | 1st Floor | 9,687 SF | ✓ |
| 2ND | 2nd Floor | 8,137 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% | $57,097.92 | $57,097.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $27,668.10 | $27,668.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,844.62 | $19,844.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,231.61 | $6,231.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,459.52 | $5,459.52 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $116,301.77 | $116,301.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,375,000 | $5,280,000 | +1.8% |
| Assessed Value | $5,375,000 | $5,280,000 | +1.8% |
| Land Value | $522,720 | $522,720 | +0.0% |
| Improvement Value | $4,852,280 | $4,757,280 | +2.0% |
| Taxable Value | $5,375,000 | $5,280,000 | +1.8% |
| Total Tax 2026 = estimate |
~$118,394
Estimated
|
~$116,302
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,375,256 | $5,375,000 | -2,000,256 (-27.1%) |
| Taxable Value | $7,375,256 | $5,375,000 | -2,000,256 (-27.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,375,000 | $522,720 | $4,852,280 | — | $5,375,000 | $5,375,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,280,000 | $522,720 | $4,757,280 | — | $5,280,000 | $5,280,000 | ~$116,302 | Partial |
| 2024 | $1,523,524 | — | — | −$1,000,804 | $522,720 | $— | $55,892 | Verified |
| 2023 | $— | — | — | — | $522,720 | $— | $27,271 | Verified |
| 2022 | $— | — | — | — | $87,120 | $— | $2,030 | Verified |
| 2021 | $— | — | — | — | $43,560 | $— | $1,075 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +39.7% | +39.7% | ~100% | Not available | Partial |
| 2025 | +99.6% ! | +99.6% | ~100% | Not available | Partial |
| 2024 | +73.6% | +73.6% | ~100% | 2.1100% | Verified |
| 2023 | +1648.8% ! | +1648.8% | ~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): +12021.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.8% | +124.2% | +245.3% | +246.6% | 2025 | +1.8% | 2026 |
| Assessment Ratio | 100.0% | 78.1% | — | 100.0% | 2025 | 34.3% | 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 |
$116,302 | $86,097 | ~$141,260 | $116,302 | 2025 | $55,892 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$18,298,629 | ~$5,808,000 | ~2.1366% | ~$124,094 | +246.6% |
| 2027 | ~$63,416,631 | ~$6,388,800 | ~2.0705% | ~$132,283 | +1101.1% |
| 2028 | ~$219,779,808 | ~$7,027,680 | ~2.0045% | ~$140,867 | +4062.5% |
| 2029 | ~$761,679,755 | ~$7,730,448 | ~1.9384% | ~$149,846 | +14325.8% |
| 2030 | ~$2,639,714,968 | ~$8,503,493 | ~1.8723% | ~$159,212 | +49894.6% |
| 2026 | ~$18,193,029 | ~$5,808,000 | ~2.2027% | ~$127,932 | +244.6% |
| 2027 | ~$62,686,798 | ~$6,388,800 | ~2.2027% | ~$140,725 | +1087.2% |
| 2028 | ~$215,996,726 | ~$7,027,680 | ~2.2027% | ~$154,798 | +3990.8% |
| 2029 | ~$744,248,986 | ~$7,730,448 | ~2.2027% | ~$170,277 | +13995.6% |
| 2030 | ~$2,564,421,053 | ~$8,503,493 | ~2.2027% | ~$187,305 | +48468.6% |
| 2026 | ~$18,404,229 | ~$5,808,000 | ~2.1036% | ~$122,176 | +248.6% |
| 2027 | ~$64,150,688 | ~$6,388,800 | ~2.0045% | ~$128,061 | +1115.0% |
| 2028 | ~$223,606,807 | ~$7,027,680 | ~1.9054% | ~$133,902 | +4135.0% |
| 2029 | ~$779,414,926 | ~$7,730,448 | ~1.8062% | ~$139,631 | +14661.6% |
| 2030 | ~$2,716,767,151 | ~$8,503,493 | ~1.7071% | ~$145,166 | +51353.9% |
In 2025, this property's market value of $5,280,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,280,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $1,523,524 | $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.