STATE HY 71 78617
| Owner | VELOCITY OZ LAND HOLDINGS LLC |
|---|---|
| Parcel ID | 0318380804 |
| Short ID | 974495 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 1,854,456 SF |
| Acres | 42.572 |
| Year Built | — |
| Legal | VELOCITY MASTER CONDOMINIUMS (FUTURE LAND) |
| Neighborhood | SE3 |
| Land | $9,272,279 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,272,279 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $9,272,279 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,272,279 |
| Value Limitation Adjustment (−) (homestead cap) | −$2,512,172 |
| Net Appraised (assessed) | $6,760,107 |
| Taxable Value | $6,760,107 |
|---|
Tax Burden: The combined rate across 5 taxing entities is 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $139,947. Del Valle ISD is the largest single contributor, at 45.8% of the total 2025 levy.
Assessment Gap: Assessed value ($6,760,107) is $2,512,172 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 ($9,272,279 land vs $0 improvements), about $5/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 $9,272,279, 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.
No delinquent taxes on record.
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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $64,146.66 | $64,146.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $35,424.11 | $35,424.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,407.52 | $25,407.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,978.48 | $7,978.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,989.95 | $6,989.95 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $139,946.72 | $139,946.72 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,272,279 | $9,272,279 | +0.0% |
| Assessed Value | $6,760,289 | $6,760,107 | +0.0% |
| Land Value | $9,272,279 | $9,272,279 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $6,760,289 | $6,760,107 | +0.0% |
| HS Cap Loss | -$2,511,990 | — | |
| Total Tax 2026 = estimate |
~$139,950
Estimated
|
~$139,947
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,272,279 | $9,272,279 | +0 (+0.0%) |
| Taxable Value | $6,760,289 | $6,760,289 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,272,279 | $9,272,279 | — | −$2,511,990 | $6,760,289 | $6,760,289 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $9,272,279 | $9,272,279 | — | −$2,512,172 | $6,760,107 | $6,760,107 | ~$139,947 | Partial |
| 2024 | $— | — | — | — | — | $— | $148,009 | Verified |
| 2023 | $— | — | — | — | $9,809,803 | $— | $182,447 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | 72.9% | Not available | Partial |
| 2025 | -5.5% | -7.4% | 72.9% | Not available | Partial |
| 2024 | +0.0% | -25.6% | 74.4% | 1.5100% | Verified |
| 2023 | base year | — | ~100% | 1.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -5.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +0.0% | — | +0.0% | 2026 | +0.0% | 2026 |
| Assessment Ratio | 72.9% | 72.9% | — | 72.9% | 2025 | 72.9% | 2025 |
| Effective Tax Rate (2025) | 1.5100% | 1.5100% | — | 1.5100% | 2025 | 1.5100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$139,947 | $139,947 | — | $139,947 | 2025 | $139,947 | 2025 |
In 2025, this property's market value of $9,272,279 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 109× 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 | $9,272,279 | $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% |
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.