8937 ELROY RD TX 78617
| Owner | REDDY REVOCABLE LIVING TRUST |
|---|---|
| Parcel ID | 0347400101 |
| Short ID | 810419 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 435,644 SF |
| Acres | 10.001 |
| Year Built | — |
| Legal | LOT 3 BLK A BUTTROSS FARMS SUBD |
| Neighborhood | _RGN415 |
| Land | $574,672 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $574,672 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $574,672 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $574,672 |
| Value Limitation Adjustment (−) (homestead cap) | −$54,011 |
| Net Appraised (assessed) | $520,661 |
| Taxable Value | $520,661 |
|---|
Appreciation: Market value has risen +474.6% from $100,010 (2021) to $574,672 (2025), a CAGR of 54.8% 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 1.7462% in 2025 (-0.0044% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $9,092. Del Valle ISD is the largest single contributor, at 54.3% of the total 2025 levy.
Assessment Gap: Assessed value ($520,661) is $54,011 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 ($574,672 land vs $0 improvements), about $1/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 $574,672, 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 +54.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,112,588 by 2030, with an estimated annual tax burden around $74,588. 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.
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% | $4,940.55 | $4,940.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,956.88 | $1,956.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $614.50 | $614.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $538.36 | $538.36 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $520.66 | $520.66 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $520.66 | $520.66 | Paid |
| Combined Rate | 1.9760% | 1.8900% | 1.7067% | 1.7506% | 1.7462% | -0.0044% | $9,091.61 | $9,091.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $500,040 | $574,672 | -13.0% |
| Assessed Value | $500,040 | $520,661 | -4.0% |
| Land Value | $500,040 | $574,672 | -13.0% |
| Improvement Value | — | — | — |
| Taxable Value | $500,040 | $520,661 | -4.0% |
| Total Tax 2026 = estimate |
~$8,732
Estimated
|
~$9,092
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $500,040 | $500,040 | +0 (+0.0%) |
| Taxable Value | $500,040 | $500,040 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $500,040 | $500,040 | — | — | $500,040 | $500,040 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $574,672 | $574,672 | — | −$54,011 | $520,661 | $520,661 | ~$9,092 | Partial |
| 2024 | $— | — | — | — | $574,672 | $— | $7,596 | Verified |
| 2023 | $— | — | — | — | $361,570 | $— | $6,171 | Verified |
| 2022 | $— | — | — | — | $361,570 | $— | $6,834 | Verified |
| 2021 | $100,010 | — | — | — | $343,500 ! | $— | $6,787 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.0% | -4.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 90.6% | Not available | Partial |
| 2024 | +58.9% | +20.0% | 75.5% | 1.3200% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.7100% | Verified |
| 2022 | +5.2% | +5.2% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 6.7900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +67.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.0% | +230.8% | +59.4% | +474.6% | 2025 | -13.0% | 2026 |
| Assessment Ratio | 100.0% | 178.0% | — | 343.5% | 2021 | 90.6% | 2025 |
| Effective Tax Rate (2025) | 1.5800% | 1.5800% | — | 1.5800% | 2025 | 1.5800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$9,092 | $7,940 | ~$39,145 | $9,092 | 2025 | $6,787 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$889,742 | ~$889,742 | ~1.6887% | ~$15,025 | +54.8% |
| 2027 | ~$1,377,553 | ~$1,377,553 | ~1.6313% | ~$22,472 | +139.7% |
| 2028 | ~$2,132,812 | ~$2,132,812 | ~1.5738% | ~$33,566 | +271.1% |
| 2029 | ~$3,302,149 | ~$3,302,149 | ~1.5164% | ~$50,072 | +474.6% |
| 2030 | ~$5,112,588 | ~$5,112,588 | ~1.4589% | ~$74,588 | +789.7% |
| 2026 | ~$878,249 | ~$878,249 | ~1.7462% | ~$15,336 | +52.8% |
| 2027 | ~$1,342,193 | ~$1,342,193 | ~1.7462% | ~$23,437 | +133.6% |
| 2028 | ~$2,051,222 | ~$2,051,222 | ~1.7462% | ~$35,818 | +256.9% |
| 2029 | ~$3,134,802 | ~$3,134,802 | ~1.7462% | ~$54,739 | +445.5% |
| 2030 | ~$4,790,795 | ~$4,790,795 | ~1.7462% | ~$83,655 | +733.7% |
| 2026 | ~$901,236 | ~$901,236 | ~1.6600% | ~$14,960 | +56.8% |
| 2027 | ~$1,413,373 | ~$1,413,373 | ~1.5738% | ~$22,244 | +145.9% |
| 2028 | ~$2,216,537 | ~$2,216,537 | ~1.4876% | ~$32,974 | +285.7% |
| 2029 | ~$3,476,108 | ~$3,476,108 | ~1.4015% | ~$48,716 | +504.9% |
| 2030 | ~$5,451,445 | ~$5,451,445 | ~1.3153% | ~$71,701 | +848.6% |
In 2025, this property's market value of $574,672 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 7× 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 | $574,672 | $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 | $100,010 | $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.