407 F M RD 685 TX 78660
| Owner | 407 FM 685 LLC |
|---|---|
| Parcel ID | 0272431115 |
| Short ID | 571315 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 5,790 SF |
| Land SF | 41,808 SF |
| Acres | 0.960 |
| Year Built | 1985 |
| Legal | LOT 1 BLK A HANKINS SUBD |
| Neighborhood | 83NEA |
| Land | $836,160 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $836,160 |
| Improvement | $358,499 |
|---|---|
| Total Improvement | $358,499 |
| Market | $1,194,659 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,194,659 |
| Value Limitation Adjustment (−) (homestead cap) | −$42,659 |
| Net Appraised (assessed) | $1,152,000 |
| Taxable Value | $1,152,000 |
|---|
Appreciation: Market value has risen +62.1% from $736,803 (2021) to $1,194,659 (2025), a CAGR of 12.8% over 4 years. 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 rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2285% in 2025 (+0.0325% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $25,673. Pflugerville ISD is the largest single contributor, at 49.7% of the total 2025 levy.
Assessment Gap: Assessed value ($1,152,000) is $42,659 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 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 70% of market value ($836,160 land vs $358,499 improvements), about $20/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,194,659, this parcel sits in the lower-middle (25th–50th 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 +12.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,185,796 by 2030, with an estimated annual tax burden around $36,593. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,046 SF | ✗ |
| 1ST | 1st Floor | 5,790 SF | ✓ |
| 611 | TERRACE | 1,296 SF | ✗ |
| 501 | CANOPY | 1,216 SF | ✗ |
| SO | Sketch Only | 822 SF | ✗ |
| 327 | STORAGE COMM'L | 54 SF | ✓ |
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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $12,020.93 | $12,020.93 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $5,810.10 | $5,810.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,081.68 | $4,081.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,281.73 | $1,281.73 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $1,007.43 | $1,007.43 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $24,201.87 | $24,201.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,198,787 | $1,194,659 | +0.3% |
| Assessed Value | $1,198,787 | $1,152,000 | +4.1% |
| Land Value | $836,160 | $836,160 | +0.0% |
| Improvement Value | $362,627 | $358,499 | +1.2% |
| Taxable Value | $1,198,787 | $1,152,000 | +4.1% |
| Total Tax 2026 = estimate |
~$26,715
Estimated
|
~$24,202
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,443,959 | $1,198,787 | -245,172 (-17.0%) |
| Taxable Value | $1,303,200 | $1,198,787 | -104,413 (-8.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,198,787 | $836,160 | $362,627 | — | $1,198,787 | $1,198,787 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,194,659 | $836,160 | $358,499 | −$42,659 | $1,152,000 | $1,152,000 | ~$24,202 | Partial |
| 2024 | $800,000 | — | — | — | $836,160 ! | $— | $21,082 | Verified |
| 2023 | $721,163 | — | — | −$386,699 | $334,464 | $— | $17,024 | Verified |
| 2022 | $733,352 | — | — | −$398,888 | $334,464 | $— | $16,174 | Verified |
| 2021 | $736,803 | — | — | −$402,339 | $334,464 | $— | $17,865 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.9% | +13.1% | 90.2% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 96.4% | Not available | Partial |
| 2024 | +37.5% | +10.5% | 80.4% | 1.7600% | Verified |
| 2023 | +20.5% | +20.5% | ~100% | 1.9600% | Verified |
| 2022 | -4.4% | -4.4% | ~100% | 2.2400% | Verified |
| 2021 | base year | — | ~100% | 2.4200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | +11.7% | +12.8% | +49.3% | 2025 | -1.7% | 2023 |
| Assessment Ratio | 100.0% | 73.0% | — | 104.5% | 2024 | 45.4% | 2021 |
| Effective Tax Rate (2025) | 2.0300% | 2.0300% | — | 2.0300% | 2025 | 2.0300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$24,202 | $19,269 | ~$31,953 | $24,202 | 2025 | $16,174 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,348,084 | ~$1,267,200 | ~2.1773% | ~$27,591 | +12.8% |
| 2027 | ~$1,521,214 | ~$1,393,920 | ~2.1261% | ~$29,636 | +27.3% |
| 2028 | ~$1,716,577 | ~$1,533,312 | ~2.0748% | ~$31,814 | +43.7% |
| 2029 | ~$1,937,031 | ~$1,686,643 | ~2.0236% | ~$34,131 | +62.1% |
| 2030 | ~$2,185,796 | ~$1,855,308 | ~1.9724% | ~$36,593 | +83.0% |
| 2026 | ~$1,324,191 | ~$1,267,200 | ~2.2285% | ~$28,240 | +10.8% |
| 2027 | ~$1,467,768 | ~$1,393,920 | ~2.2285% | ~$31,064 | +22.9% |
| 2028 | ~$1,626,913 | ~$1,533,312 | ~2.2285% | ~$34,170 | +36.2% |
| 2029 | ~$1,803,313 | ~$1,686,643 | ~2.2285% | ~$37,587 | +50.9% |
| 2030 | ~$1,998,839 | ~$1,855,308 | ~2.2285% | ~$41,346 | +67.3% |
| 2026 | ~$1,371,978 | ~$1,267,200 | ~2.1517% | ~$27,266 | +14.8% |
| 2027 | ~$1,575,615 | ~$1,393,920 | ~2.0748% | ~$28,921 | +31.9% |
| 2028 | ~$1,809,477 | ~$1,533,312 | ~1.9980% | ~$30,635 | +51.5% |
| 2029 | ~$2,078,051 | ~$1,686,643 | ~1.9211% | ~$32,402 | +73.9% |
| 2030 | ~$2,386,488 | ~$1,855,308 | ~1.8443% | ~$34,217 | +99.8% |
In 2025, this property's market value of $1,194,659 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -16% 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 | $1,194,659 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $800,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $721,163 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $733,352 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $736,803 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.