2412 PICADILLY DR TX
| Owner | TEXAS MATERIALS GROUP INC |
|---|---|
| Parcel ID | 0282260103 |
| Short ID | 550021 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 2,884 SF |
| Land SF | 227,247 SF |
| Acres | 5.217 |
| Year Built | 1976 |
| Legal | ABS 233 SUR 109 DRUMMOND W ACR 5.2169 |
| Neighborhood | 83FNOR |
| Land | $1,817,976 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,817,976 |
| Improvement | $732,044 |
|---|---|
| Total Improvement | $732,044 |
| Market | $2,550,020 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,550,020 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,550,020 |
| Taxable Value | $2,550,020 |
|---|
Appreciation: Market value has risen +78.8% from $1,426,391 (2021) to $2,550,020 (2025), a CAGR of 15.6% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 6 taxing entities is 2.1181% in 2025 (+0.0346% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $54,013. Round Rock ISD is the largest single contributor, at 42.2% 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 71% of market value ($1,817,976 land vs $732,044 improvements), about $8/SF of land. With value concentrated in the land under a ~50-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,550,020, this parcel sits in the upper-middle (50th–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 +15.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,271,386 by 2030, with an estimated annual tax burden around $78,480. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 9,000 SF | ✗ |
| 1ST | 1st Floor | 2,492 SF | ✓ |
| 541 | FENCE COMM LF | 1,826 SF | ✗ |
| 611 | TERRACE | 1,810 SF | ✗ |
| 408 | LOADING RAMP | 600 SF | ✓ |
| 581C | STORAGE ATT COMM | 420 SF | ✓ |
| 2ND | 2nd Floor | 392 SF | ✓ |
| 571C | STORAGE DET COMM | 384 SF | ✓ |
| 501 | CANOPY | 168 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $22,774.23 | $22,774.23 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $13,642.61 | $13,642.61 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,584.12 | $9,584.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,009.61 | $3,009.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,636.72 | $2,636.72 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $2,365.53 | $2,365.53 | Paid |
| Combined Rate | 2.2839% | 2.1395% | 2.0364% | 2.0835% | 2.1181% | +0.0346% | $54,012.82 | $54,012.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,344,642 | $2,550,020 | -8.1% |
| Assessed Value | $2,344,642 | $2,550,020 | -8.1% |
| Land Value | $1,817,976 | $1,817,976 | +0.0% |
| Improvement Value | $526,666 | $732,044 | -28.1% |
| Taxable Value | $2,344,642 | $2,550,020 | -8.1% |
| Total Tax 2026 = estimate |
~$49,663
Estimated
|
~$54,013
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,433,665 | $2,344,642 | -89,023 (-3.7%) |
| Taxable Value | $2,433,665 | $2,344,642 | -89,023 (-3.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,344,642 | $1,817,976 | $526,666 | — | $2,344,642 | $2,344,642 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,550,020 | $1,817,976 | $732,044 | — | $2,550,020 | $2,550,020 | ~$54,013 | Partial |
| 2024 | $2,314,307 | — | — | −$496,331 | $1,817,976 | $— | $47,382 | Verified |
| 2023 | $2,098,756 | — | — | −$280,780 | $1,817,976 | $— | $47,130 | Verified |
| 2022 | $1,575,962 | — | — | — | $1,817,976 ! | $— | $44,903 | Verified |
| 2021 | $1,426,391 | — | — | −$131,209 | $1,295,182 | $— | $35,993 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2025 | +12.1% | +12.1% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 2.0800% | Verified |
| 2023 | +17.2% | +17.2% | ~100% | 1.9200% | Verified |
| 2022 | +33.2% | +33.2% | ~100% | 2.1400% | Verified |
| 2021 | base year | — | ~100% | 2.5200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +61.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.1% | +11.2% | +17.7% | +33.2% | 2023 | -8.1% | 2026 |
| Assessment Ratio | 100.0% | 95.2% | — | 115.4% | 2022 | 78.6% | 2024 |
| Effective Tax Rate (2025) | 2.1200% | 2.1200% | — | 2.1200% | 2025 | 2.1200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$54,013 | $45,884 | ~$68,019 | $54,013 | 2025 | $35,993 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,948,627 | ~$2,805,022 | ~2.0767% | ~$58,252 | +15.6% |
| 2027 | ~$3,409,542 | ~$3,085,524 | ~2.0353% | ~$62,798 | +33.7% |
| 2028 | ~$3,942,506 | ~$3,394,077 | ~1.9938% | ~$67,672 | +54.6% |
| 2029 | ~$4,558,779 | ~$3,733,484 | ~1.9524% | ~$72,892 | +78.8% |
| 2030 | ~$5,271,386 | ~$4,106,833 | ~1.9109% | ~$78,480 | +106.7% |
| 2026 | ~$2,897,627 | ~$2,805,022 | ~2.1181% | ~$59,414 | +13.6% |
| 2027 | ~$3,292,617 | ~$3,085,524 | ~2.1181% | ~$65,356 | +29.1% |
| 2028 | ~$3,741,451 | ~$3,394,077 | ~2.1181% | ~$71,891 | +46.7% |
| 2029 | ~$4,251,468 | ~$3,733,484 | ~2.1181% | ~$79,080 | +66.7% |
| 2030 | ~$4,831,008 | ~$4,106,833 | ~2.1181% | ~$86,988 | +89.4% |
| 2026 | ~$2,999,627 | ~$2,805,022 | ~2.0560% | ~$57,671 | +17.6% |
| 2027 | ~$3,528,507 | ~$3,085,524 | ~1.9938% | ~$61,520 | +38.4% |
| 2028 | ~$4,150,637 | ~$3,394,077 | ~1.9317% | ~$65,562 | +62.8% |
| 2029 | ~$4,882,458 | ~$3,733,484 | ~1.8695% | ~$69,798 | +91.5% |
| 2030 | ~$5,743,309 | ~$4,106,833 | ~1.8074% | ~$74,225 | +125.2% |
In 2025, this property's market value of $2,550,020 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +80% above 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 | $2,550,020 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,314,307 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,098,756 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,575,962 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,426,391 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.