15215 BURNET RD TX 78728
| Owner | FARMLAND OPERATING COMPANY & |
|---|---|
| Parcel ID | 0278160201 |
| Short ID | 506608 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 223,157 SF |
| Acres | 5.123 |
| Year Built | — |
| Legal | LOT 1 BLK A SHORELINE AT BURNET SUBD |
| Neighborhood | 1NO3 |
| Land | $2,231,570 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,231,570 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,231,570 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,231,570 |
| Value Limitation Adjustment (−) (homestead cap) | −$624,840 |
| Net Appraised (assessed) | $1,606,730 |
| Taxable Value | $1,606,730 |
|---|
Appreciation: Market value has risen +100.0% from $1,115,785 (2021) to $2,231,570 (2025), a CAGR of 18.9% 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 6 taxing entities is 1.6136% in 2025 (+0.0359% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $25,927. Round Rock ISD is the largest single contributor, at 55.3% of the total 2025 levy.
Assessment Gap: Assessed value ($1,606,730) is $624,840 below market value, suggesting potential for an upward assessment in future years.
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 ($2,231,570 land vs $0 improvements), about $10/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 $2,231,570, 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 +18.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,307,598 by 2030, with an estimated annual tax burden around $70,456. 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 100% in 2024, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $14,349.71 | $14,349.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,038.81 | $6,038.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,896.31 | $1,896.31 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,661.36 | $1,661.36 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $1,490.48 | $1,490.48 | Paid |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $490.05 | $490.05 | Paid |
| Combined Rate | 1.8426% | 1.6827% | 1.5232% | 1.5777% | 1.6136% | +0.0359% | $25,926.72 | $25,926.72 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,231,570 | $2,231,570 | +0.0% |
| Assessed Value | $1,928,076 | $1,606,730 | +20.0% |
| Land Value | $2,231,570 | $2,231,570 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,928,076 | $1,606,730 | +20.0% |
| HS Cap Loss | -$303,494 | — | |
| Total Tax 2026 = estimate |
~$31,112
Estimated
|
~$25,927
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,231,570 | $2,231,570 | +0 (+0.0%) |
| Taxable Value | $1,928,076 | $1,928,076 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,231,570 | $2,231,570 | — | −$303,494 | $1,928,076 | $1,928,076 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,231,570 | $2,231,570 | — | −$624,840 | $1,606,730 | $1,606,730 | ~$25,927 | Partial |
| 2024 | $— | — | — | — | $2,231,570 | $— | $21,125 | Verified |
| 2023 | $— | — | — | — | $1,115,785 | $— | $16,996 | Verified |
| 2022 | $— | — | — | — | $1,115,785 | $— | $18,776 | Verified |
| 2021 | $1,115,785 | — | — | — | $1,115,785 | $— | $20,559 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +20.0% | 86.4% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 72.0% | Not available | Partial |
| 2024 | +100.0% ! | +20.0% | 60.0% | 0.9500% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.5200% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.6800% | Verified |
| 2021 | base year | — | ~100% | 1.8400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +100.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +50.0% | +18.9% | +100.0% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 86.4% | 86.1% | — | 100.0% | 2021 | 72.0% | 2025 |
| Effective Tax Rate (2025) | 1.1600% | 1.1600% | — | 1.1600% | 2025 | 1.1600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$25,927 | $23,243 | ~$54,998 | $25,927 | 2025 | $20,559 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,653,799 | ~$2,653,799 | ~1.5564% | ~$41,304 | +18.9% |
| 2027 | ~$3,155,917 | ~$3,155,917 | ~1.4992% | ~$47,312 | +41.4% |
| 2028 | ~$3,753,038 | ~$3,753,038 | ~1.4419% | ~$54,116 | +68.2% |
| 2029 | ~$4,463,140 | ~$4,463,140 | ~1.3847% | ~$61,801 | +100.0% |
| 2030 | ~$5,307,598 | ~$5,307,598 | ~1.3275% | ~$70,456 | +137.8% |
| 2026 | ~$2,609,168 | ~$2,609,168 | ~1.6136% | ~$42,102 | +16.9% |
| 2027 | ~$3,050,657 | ~$3,050,657 | ~1.6136% | ~$49,226 | +36.7% |
| 2028 | ~$3,566,850 | ~$3,566,850 | ~1.6136% | ~$57,556 | +59.8% |
| 2029 | ~$4,170,387 | ~$4,170,387 | ~1.6136% | ~$67,295 | +86.9% |
| 2030 | ~$4,876,046 | ~$4,876,046 | ~1.6136% | ~$78,681 | +118.5% |
| 2026 | ~$2,698,430 | ~$2,698,430 | ~1.5278% | ~$41,226 | +20.9% |
| 2027 | ~$3,262,961 | ~$3,262,961 | ~1.4419% | ~$47,049 | +46.2% |
| 2028 | ~$3,945,596 | ~$3,945,596 | ~1.3561% | ~$53,505 | +76.8% |
| 2029 | ~$4,771,043 | ~$4,771,043 | ~1.2702% | ~$60,602 | +113.8% |
| 2030 | ~$5,769,179 | ~$5,769,179 | ~1.1844% | ~$68,328 | +158.5% |
In 2025, this property's market value of $2,231,570 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 26× 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 | $2,231,570 | $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 | $1,115,785 | $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.