CORSO CT TX 78747
| Owner | CLOVERLEAF RESIDENTIAL |
|---|---|
| Parcel ID | 0447070748 |
| Short ID | 931716 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 1,786 SF |
| Acres | 0.041 |
| Year Built | — |
| Legal | LOT 66 BLK A BELLA FORTUNA PHS 1 SUBD (DRAINAGE EASEMENT) (DRAINAGE EASEMENT) |
| Neighborhood | H1501 |
| Land | $600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $600 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $600 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $600 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $600 |
| Taxable Value | $600 |
|---|
Appreciation: Market value has risen +42.9% from $420 (2021) to $600 (2025), a CAGR of 9.3% 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 1.7225% in 2025 (+0.0183% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $10. Austin ISD is the largest single contributor, at 53.7% 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 ($600 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 $600, this parcel sits in the bottom quartile (<25th 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 +9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $937 by 2030, with an estimated annual tax burden around $15. 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $5.55 | $5.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2.26 | $2.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $0.71 | $0.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $0.62 | $0.62 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $0.60 | $0.60 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $0.60 | $0.60 | Paid |
| Combined Rate | 1.8357% | 1.7020% | 1.5634% | 1.7042% | 1.7225% | +0.0183% | $10.34 | $10.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $600 | $600 | +0.0% |
| Assessed Value | $600 | $600 | +0.0% |
| Land Value | $600 | $600 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $600 | $600 | +0.0% |
| Total Tax 2026 = estimate |
~$10
Estimated
|
~$10
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $600 | $600 | +0 (+0.0%) |
| Taxable Value | $600 | $600 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $600 | $600 | — | — | $600 | $600 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $600 | $600 | — | — | $600 | $600 | ~$10 | Partial |
| 2024 | $— | — | — | — | $840 | $— | $14 | Verified |
| 2023 | $— | — | — | — | $840 | $— | $13 | Verified |
| 2022 | $— | — | — | — | $840 | $— | $14 | Verified |
| 2021 | $420 | — | — | — | $840 ! | $— | $15 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -28.6% | -28.6% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.7000% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.5600% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.7000% | Verified |
| 2021 | base year | — | ~100% | 3.6700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -28.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +21.4% | +9.3% | +42.9% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 133.3% | — | 200.0% | 2021 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.7200% | 1.7200% | — | 1.7200% | 2025 | 1.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10 | $13 | ~$13 | $15 | 2021 | $10 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$656 | ~$656 | ~1.6942% | ~$11 | +9.3% |
| 2027 | ~$717 | ~$717 | ~1.6659% | ~$12 | +19.5% |
| 2028 | ~$784 | ~$784 | ~1.6376% | ~$13 | +30.7% |
| 2029 | ~$857 | ~$857 | ~1.6093% | ~$14 | +42.8% |
| 2030 | ~$937 | ~$937 | ~1.5810% | ~$15 | +56.2% |
| 2026 | ~$644 | ~$644 | ~1.7225% | ~$11 | +7.3% |
| 2027 | ~$691 | ~$691 | ~1.7225% | ~$12 | +15.2% |
| 2028 | ~$742 | ~$742 | ~1.7225% | ~$13 | +23.7% |
| 2029 | ~$796 | ~$796 | ~1.7225% | ~$14 | +32.7% |
| 2030 | ~$854 | ~$854 | ~1.7225% | ~$15 | +42.3% |
| 2026 | ~$668 | ~$668 | ~1.6800% | ~$11 | +11.3% |
| 2027 | ~$744 | ~$744 | ~1.6376% | ~$12 | +24.0% |
| 2028 | ~$828 | ~$828 | ~1.5951% | ~$13 | +38.0% |
| 2029 | ~$922 | ~$922 | ~1.5527% | ~$14 | +53.7% |
| 2030 | ~$1,026 | ~$1,026 | ~1.5102% | ~$15 | +71.0% |
In 2025, this property's market value of $600 places it in the bottom 25% for Land/Vacant properties in Travis County (35611 comparable) — -99% 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 | $600 | $24,862 | $85,028 | $363,420 | ↓ Bottom 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 | $420 | $6,000 | $14,480 | $80,000 | ↓ Bottom 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.