11408 SAINT THOMAS DR TX 78617
| Owner | MERITAGE HOMES OF TEXAS LLC |
|---|---|
| Parcel ID | 0326430314 |
| Short ID | 586951 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 2,846 SF |
| Land SF | 5,400 SF |
| Acres | 0.124 |
| Year Built | 2025 |
| Legal | LOT 106 BLK G LEXINGTON PARKE SEC 1 |
| Neighborhood | G0340 |
| Land | $51,333 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $51,333 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $51,333 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,333 |
| Value Limitation Adjustment (−) (homestead cap) | −$42,333 |
| Net Appraised (assessed) | $9,000 |
| Taxable Value | $9,000 |
|---|
Appreciation: Market value has risen +584.4% from $7,500 (2021) to $51,333 (2025), a CAGR of 61.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 outpaced the broader land/vacant market over the same period.
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 $186. Del Valle ISD is the largest single contributor, at 45.8% of the total 2025 levy.
Assessment Gap: Assessed value ($9,000) is $42,333 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 ($51,333 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 $51,333, this parcel sits in the lower-middle (25th–50th 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 +61.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $568,285 by 2030, with an estimated annual tax burden around $255. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,846 SF | ✗ |
| 1ST | 1st Floor | 1,652 SF | ✓ |
| 2ND | 2nd Floor | 1,194 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 380 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 121 SF | ✗ |
| 252 | BEDROOMS | 5 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
Market value changed by 584% in 2025, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $85.40 | $85.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $47.16 | $47.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $33.83 | $33.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $10.62 | $10.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9.31 | $9.31 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $186.32 | $186.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $417,135 | $51,333 | +712.6% |
| Assessed Value | $417,135 | $9,000 | +4534.8% |
| Land Value | $51,333 | $51,333 | +0.0% |
| Improvement Value | $365,802 | — | — |
| Taxable Value | $333,708 | $9,000 | +3607.9% |
| Exemptions | HS | None | |
| Total Tax 2026 = estimate |
~$6,908
Estimated
|
~$186
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $417,135 | $417,135 | +0 (+0.0%) |
| Taxable Value | $333,708 | $333,708 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $417,135 | $51,333 | $365,802 | — | $417,135 | $333,708 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $51,333 | $51,333 | — | −$42,333 | $9,000 | $9,000 | ~$186 | Partial |
| 2024 | $— | — | — | — | $7,500 | $— | $152 | Verified |
| 2023 | $— | — | — | — | $7,500 | $— | $146 | Verified |
| 2022 | $— | — | — | — | $7,500 | $— | $162 | Verified |
| 2021 | $7,500 | — | — | — | $7,500 | $— | $174 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +712.6% ! | +4534.8% | ~100% | Not available | Partial |
| 2025 | +584.4% ! | +20.0% | 17.5% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 2.0300% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.9500% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.1600% | Verified |
| 2021 | base year | — | ~100% | 2.3200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +584.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +712.6% | +648.5% | +33.4% | +712.6% | 2026 | +584.4% | 2025 |
| Assessment Ratio | 100.0% | 72.5% | — | 100.0% | 2021 | 17.5% | 2025 |
| Effective Tax Rate (2025) | 0.3600% | 0.3600% | — | 0.3600% | 2025 | 0.3600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$186 | $180 | ~$226 | $186 | 2025 | $174 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$83,029 | ~$9,900 | ~2.0085% | ~$199 | +61.7% |
| 2027 | ~$134,296 | ~$10,890 | ~1.9468% | ~$212 | +161.6% |
| 2028 | ~$217,219 | ~$11,979 | ~1.8851% | ~$226 | +323.2% |
| 2029 | ~$351,344 | ~$13,177 | ~1.8234% | ~$240 | +584.4% |
| 2030 | ~$568,285 | ~$14,495 | ~1.7617% | ~$255 | +1007.1% |
| 2026 | ~$82,002 | ~$9,900 | ~2.0702% | ~$205 | +59.7% |
| 2027 | ~$130,996 | ~$10,890 | ~2.0702% | ~$225 | +155.2% |
| 2028 | ~$209,261 | ~$11,979 | ~2.0702% | ~$248 | +307.7% |
| 2029 | ~$334,286 | ~$13,177 | ~2.0702% | ~$273 | +551.2% |
| 2030 | ~$534,008 | ~$14,495 | ~2.0702% | ~$300 | +940.3% |
| 2026 | ~$84,056 | ~$9,900 | ~1.9776% | ~$196 | +63.7% |
| 2027 | ~$137,638 | ~$10,890 | ~1.8851% | ~$205 | +168.1% |
| 2028 | ~$225,377 | ~$11,979 | ~1.7925% | ~$215 | +339.0% |
| 2029 | ~$369,046 | ~$13,177 | ~1.7000% | ~$224 | +618.9% |
| 2030 | ~$604,299 | ~$14,495 | ~1.6074% | ~$233 | +1077.2% |
In 2025, this property's market value of $51,333 places it in the 25th–50th percentile for Land/Vacant properties in Travis County (35611 comparable) — -40% below 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 | $51,333 | $24,862 | $85,028 | $363,420 | ↓ Below median | +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 | $7,500 | $6,000 | $14,480 | $80,000 | ↓ 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.