6514 VELVET LEAF LN 78610
| Owner | RMHSLB OWNER 1 LLC |
|---|---|
| Parcel ID | 0453070302 |
| Short ID | 954442 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 1,927 SF |
| Land SF | 6,289 SF |
| Acres | 0.144 |
| Year Built | 2021 |
| Legal | TURNERS CROSSING NORTH PHS 1 BLK E LOT 16 |
| Neighborhood | H1501 |
| Land | $63,484 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $63,484 |
| Improvement | $321,605 |
|---|---|
| Total Improvement | $321,605 |
| Market | $385,089 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $385,089 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $385,089 |
| Taxable Value | $385,089 |
|---|
Appreciation: Market value has risen +275.1% from $102,674 (2023) to $385,089 (2025), a CAGR of 93.7% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend.
Tax Burden: The combined rate across 5 taxing entities is 0.7973% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3,070. P10L is the largest single contributor, at 43.1% 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 16% of market value ($63,484 land vs $321,605 improvements), about $10/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 +93.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,490,899 by 2030, with an estimated annual tax burden around $5,125. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,927 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,927 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 497 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 213 SF | ✗ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 522 | FIREPLACE | 1 SF | ✓ |
Market value changed by 278% in 2023, 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 |
|---|---|---|---|---|---|---|---|---|---|
| P10L | — | — | — | — | — | — | $2,328.96 | $2,328.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,447.34 | $1,447.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $454.49 | $454.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $398.18 | $398.18 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $385.09 | $385.09 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $385.09 | $385.09 | Paid |
| Combined Rate | 0.7740% | 0.7054% | 0.7039% | 0.7537% | 0.7973% | +0.0436% | $5,399.15 | $5,399.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $301,646 | $385,089 | -21.7% |
| Assessed Value | $301,646 | $385,089 | -21.7% |
| Land Value | $63,484 | $63,484 | +0.0% |
| Improvement Value | $238,162 | $321,605 | -25.9% |
| Taxable Value | $301,646 | $385,089 | -21.7% |
| Total Tax 2026 = estimate |
~$2,405
Estimated
|
~$5,399
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $377,058 | $301,646 | -75,412 (-20.0%) |
| Taxable Value | $377,058 | $301,646 | -75,412 (-20.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $301,646 | $63,484 | $238,162 | — | $301,646 | $301,646 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $385,089 | $63,484 | $321,605 | — | $385,089 | $385,089 | ~$5,399 | Partial |
| 2024 | $484,873 | — | — | −$424,873 | $60,000 | $— | $5,563 | Verified |
| 2023 | $102,674 | — | — | −$54,674 | $48,000 | $— | $5,230 | Verified |
| 2022 | $— | — | — | — | $48,000 | $— | $3,195 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.1% | -2.1% | ~100% | Not available | Partial |
| 2025 | -8.9% | -8.9% | ~100% | Not available | Partial |
| 2024 | +9.0% | +9.0% | ~100% | 1.3200% | Verified |
| 2023 | +277.8% ! | +277.8% | ~100% | 1.3500% | Verified |
| 2022 | base year | — | ~100% | 3.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +275.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -21.7% | +110.0% | +104.4% | +372.2% | 2024 | -21.7% | 2026 |
| Assessment Ratio | 100.0% | 64.8% | — | 100.0% | 2025 | 12.4% | 2024 |
| Effective Tax Rate (2025) | 1.4000% | 1.4000% | — | 1.4000% | 2025 | 1.4000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,399 | $5,397 | ~$4,220 | $5,563 | 2024 | $5,230 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$745,781 | ~$423,598 | ~0.8031% | ~$3,402 | +93.7% |
| 2027 | ~$1,444,314 | ~$465,958 | ~0.8089% | ~$3,769 | +275.1% |
| 2028 | ~$2,797,126 | ~$512,553 | ~0.8147% | ~$4,176 | +626.4% |
| 2029 | ~$5,417,044 | ~$563,809 | ~0.8206% | ~$4,626 | +1306.7% |
| 2030 | ~$10,490,899 | ~$620,190 | ~0.8264% | ~$5,125 | +2624.3% |
| 2026 | ~$738,079 | ~$423,598 | ~0.7973% | ~$3,377 | +91.7% |
| 2027 | ~$1,414,637 | ~$465,958 | ~0.7973% | ~$3,715 | +267.4% |
| 2028 | ~$2,711,359 | ~$512,553 | ~0.7973% | ~$4,086 | +604.1% |
| 2029 | ~$5,196,717 | ~$563,809 | ~0.7973% | ~$4,495 | +1249.5% |
| 2030 | ~$9,960,268 | ~$620,190 | ~0.7973% | ~$4,945 | +2486.5% |
| 2026 | ~$753,483 | ~$423,598 | ~0.8060% | ~$3,414 | +95.7% |
| 2027 | ~$1,474,300 | ~$465,958 | ~0.8147% | ~$3,796 | +282.8% |
| 2028 | ~$2,884,683 | ~$512,553 | ~0.8235% | ~$4,221 | +649.1% |
| 2029 | ~$5,644,305 | ~$563,809 | ~0.8322% | ~$4,692 | +1365.7% |
| 2030 | ~$11,043,908 | ~$620,190 | ~0.8409% | ~$5,215 | +2767.9% |
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.