SNOWDROP DR TX 78739
| Owner | STELLA'S GROVE LLC |
|---|---|
| Parcel ID | 0432440713 |
| Short ID | 847884 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 649,044 SF |
| Acres | 14.900 |
| Year Built | — |
| Legal | LOT 120 BLK A GREYROCK RIDGE PHS 3 (ESTATE LOT) (ESTATE LOT) |
| Neighborhood | I1430 |
| Land | $37,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $37,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $37,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $37,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $37,500 |
| Taxable Value | $37,500 |
|---|
Appreciation: Market value has risen +200.0% from $12,500 (2021) to $37,500 (2025), a CAGR of 31.6% 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 lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $767. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
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 ($37,500 land vs $0 improvements), about $0/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 $37,500, 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 +31.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $148,058 by 2030, with an estimated annual tax burden around $2,789. 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 200% in 2022, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $346.95 | $346.95 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $196.51 | $196.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $140.94 | $140.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $44.26 | $44.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $38.78 | $38.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $767.44 | $767.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $150,000 | $37,500 | +300.0% |
| Assessed Value | $45,000 | $37,500 | +20.0% |
| Land Value | $150,000 | $37,500 | +300.0% |
| Improvement Value | — | — | — |
| Taxable Value | $45,000 | $37,500 | +20.0% |
| HS Cap Loss | -$105,000 | — | |
| Total Tax 2026 = estimate |
~$921
Estimated
|
~$767
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $150,000 | $150,000 | +0 (+0.0%) |
| Taxable Value | $45,000 | $45,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $150,000 | $150,000 | — | −$105,000 | $45,000 | $45,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $37,500 | $37,500 | — | — | $37,500 | $37,500 | ~$767 | Partial |
| 2024 | $— | — | — | — | $37,500 | $— | $743 | Verified |
| 2023 | $— | — | — | — | $37,500 | $— | $678 | Verified |
| 2022 | $— | — | — | — | $37,500 | $— | $741 | Verified |
| 2021 | $12,500 | — | — | — | $12,500 | $— | $272 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +300.0% ! | +20.0% | 30.0% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +200.0% ! | +200.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +200.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +300.0% | +250.0% | +11.9% | +300.0% | 2026 | +200.0% | 2025 |
| Assessment Ratio | 30.0% | 76.7% | — | 100.0% | 2021 | 30.0% | 2026 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$767 | $520 | ~$1,778 | $767 | 2025 | $272 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$49,353 | ~$49,353 | ~2.0139% | ~$994 | +31.6% |
| 2027 | ~$64,952 | ~$64,952 | ~1.9814% | ~$1,287 | +73.2% |
| 2028 | ~$85,482 | ~$85,482 | ~1.9488% | ~$1,666 | +128.0% |
| 2029 | ~$112,500 | ~$112,500 | ~1.9163% | ~$2,156 | +200.0% |
| 2030 | ~$148,058 | ~$148,058 | ~1.8837% | ~$2,789 | +294.8% |
| 2026 | ~$48,603 | ~$48,603 | ~2.0465% | ~$995 | +29.6% |
| 2027 | ~$62,993 | ~$62,993 | ~2.0465% | ~$1,289 | +68.0% |
| 2028 | ~$81,643 | ~$81,643 | ~2.0465% | ~$1,671 | +117.7% |
| 2029 | ~$105,816 | ~$105,816 | ~2.0465% | ~$2,166 | +182.2% |
| 2030 | ~$137,145 | ~$137,145 | ~2.0465% | ~$2,807 | +265.7% |
| 2026 | ~$50,103 | ~$50,103 | ~1.9977% | ~$1,001 | +33.6% |
| 2027 | ~$66,941 | ~$66,941 | ~1.9488% | ~$1,305 | +78.5% |
| 2028 | ~$89,438 | ~$89,438 | ~1.9000% | ~$1,699 | +138.5% |
| 2029 | ~$119,496 | ~$119,496 | ~1.8512% | ~$2,212 | +218.7% |
| 2030 | ~$159,655 | ~$159,655 | ~1.8024% | ~$2,878 | +325.7% |
In 2025, this property's market value of $37,500 places it in the 25th–50th percentile for Land/Vacant properties in Travis County (35611 comparable) — -56% 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 | $37,500 | $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 | $12,500 | $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.