5624 CORSO CT TX 78747
| Owner | BIGFORD JORDAN & YESCENYA VELASCO |
|---|---|
| Parcel ID | 0447070737 |
| Short ID | 931705 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 1,704 SF |
| Land SF | 4,792 SF |
| Acres | 0.110 |
| Year Built | 2021 |
| Legal | LOT 28 BLK A BELLA FORTUNA PHS 1 SUBD |
| Neighborhood | H1501 |
| Land | $61,273 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $61,273 |
| Improvement | $264,736 |
|---|---|
| Total Improvement | $264,736 |
| Market | $326,009 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $326,009 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $326,009 |
| Exemptions (−) (HS) | −$65,202 |
|---|---|
| Taxable Value | $260,807 |
Appreciation: Market value has risen +4246.8% from $7,500 (2021) to $326,009 (2025), a CAGR of 156.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend.
Tax Burden: The combined rate across 6 taxing entities is 1.7225% in 2025 (+0.0183% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $4,492. Austin ISD is the largest single contributor, at 33.7% of the total 2025 levy.
Asset Class: O. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 19% of market value ($61,273 land vs $264,736 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +156.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $36,386,476 by 2030, with an estimated annual tax burden around $8,301. 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 | 1,704 SF | ✗ |
| 2ND | 2nd Floor | 899 SF | ✓ |
| 1ST | 1st Floor | 805 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 389 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 126 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
Market value changed by 764% 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% | $1,720.96 | $1,720.96 | Paid |
| P10A | — | — | — | — | — | — | $1,107.53 | $1,107.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $980.23 | $980.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $331.92 | $331.92 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $326.01 | $326.01 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $326.01 | $326.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $307.81 | $307.81 | Paid |
| Combined Rate | 1.8357% | 1.7020% | 1.5634% | 1.7042% | 1.7225% | +0.0183% | $5,100.47 | $5,100.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $327,467 | $326,009 | +0.4% |
| Assessed Value | $327,467 | $326,009 | +0.4% |
| Land Value | $61,273 | $61,273 | +0.0% |
| Improvement Value | $266,194 | $264,736 | +0.6% |
| Taxable Value | $261,974 | $260,807 | +0.4% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$4,512
Estimated
|
~$5,100
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $363,771 | $327,467 | -36,304 (-10.0%) |
| Taxable Value | $286,888 | $261,974 | -24,914 (-8.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $327,467 | $61,273 | $266,194 | — | $327,467 | $261,974 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $326,009 | $61,273 | $264,736 | — | $326,009 | $260,807 | ~$5,100 | Partial |
| 2024 | $409,873 | — | — | −$349,873 | $60,000 | $— | $6,242 | Verified |
| 2023 | $373,844 | — | — | −$313,844 | $60,000 | $— | $6,312 | Verified |
| 2022 | $— | — | — | — | $60,000 | $— | $6,871 | Verified |
| 2021 | $7,500 | — | — | — | $48,000 ! | $— | $2,055 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.6% | +10.0% | 98.6% | Not available | Partial |
| 2025 | -13.4% | -13.4% | ~100% | Not available | Partial |
| 2024 | -8.1% | -7.1% | ~100% | 1.6600% | Verified |
| 2023 | -1.2% | -2.3% | 98.9% | 1.5400% | Verified |
| 2022 | +764.3% ! | +764.3% | ~100% | 1.6600% | Verified |
| 2021 | base year | — | ~100% | 27.4100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +579.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | +1218.5% | +156.5% | +4884.6% | 2023 | -20.5% | 2025 |
| Assessment Ratio | 100.0% | 174.1% | — | 640.0% | 2021 | 14.6% | 2024 |
| Effective Tax Rate (2025) | 1.5600% | 1.5600% | — | 1.5600% | 2025 | 1.5600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,100 | $4,927 | ~$7,147 | $6,312 | 2023 | $2,055 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$837,089 | ~$358,610 | ~1.6942% | ~$6,075 | +156.8% |
| 2027 | ~$2,149,383 | ~$394,471 | ~1.6659% | ~$6,571 | +559.3% |
| 2028 | ~$5,518,942 | ~$433,918 | ~1.6376% | ~$7,106 | +1592.9% |
| 2029 | ~$14,170,916 | ~$477,310 | ~1.6093% | ~$7,681 | +4246.8% |
| 2030 | ~$36,386,476 | ~$525,041 | ~1.5810% | ~$8,301 | +11061.2% |
| 2026 | ~$830,569 | ~$358,610 | ~1.7225% | ~$6,177 | +154.8% |
| 2027 | ~$2,116,030 | ~$394,471 | ~1.7225% | ~$6,795 | +549.1% |
| 2028 | ~$5,390,981 | ~$433,918 | ~1.7225% | ~$7,474 | +1553.6% |
| 2029 | ~$13,734,532 | ~$477,310 | ~1.7225% | ~$8,222 | +4112.9% |
| 2030 | ~$34,991,289 | ~$525,041 | ~1.7225% | ~$9,044 | +10633.2% |
| 2026 | ~$843,609 | ~$358,610 | ~1.6800% | ~$6,025 | +158.8% |
| 2027 | ~$2,182,997 | ~$394,471 | ~1.6376% | ~$6,460 | +569.6% |
| 2028 | ~$5,648,912 | ~$433,918 | ~1.5951% | ~$6,921 | +1632.7% |
| 2029 | ~$14,617,616 | ~$477,310 | ~1.5527% | ~$7,411 | +4383.8% |
| 2030 | ~$37,825,816 | ~$525,041 | ~1.5102% | ~$7,929 | +11502.7% |
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.