12607 PALMER RD BUDA, TX 78610
| Owner | RCD REALTY LTD |
|---|---|
| Parcel ID | 0456080314 |
| Short ID | 352564 |
| Type | Real |
| Use Code | 17 Clubhouse |
| Valuation | Cost |
| Improvement SF | 5,539 SF |
| Land SF | 391,038 SF |
| Acres | 8.977 |
| Year Built | 2004 |
| Legal | ABS 155 SUR 6 CAPLES E ACR 2.9770 |
| Neighborhood | _RGN420 |
| Land | $548,005 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $548,005 |
| Improvement | $1,324,178 |
|---|---|
| Total Improvement | $1,324,178 |
| Market | $1,872,183 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,872,183 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,872,183 |
| Taxable Value | $1,872,183 |
|---|
Appreciation: Market value has risen +168.4% from $697,476 (2021) to $1,872,183 (2025), a CAGR of 28.0% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Multi-Family parcel countywide rose +37.9%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 7 taxing entities is 2.1962% in 2025 (+0.0266% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $41,116. Del Valle ISD is the largest single contributor, at 43.2% of the total 2025 levy.
Homestead Cap History: This property had an active homestead cap as recently as 2024 ($1,191,046, ~63.6% of market value at the time). The cap has since reset or expired. Verified clear — 2025 Certified Historical data from AJR 2021–2024 (Partial confidence). Current status confirmed by 2025 TCAD Certified Export.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 29% of market value ($548,005 land vs $1,324,178 improvements), about $1/SF of land. Most value sits in the improvements, so building condition, age (~22 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,872,183, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family 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 +28.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,432,386 by 2030, with an estimated annual tax burden around $64,141. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 301 | BARN SF | 6,345 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 5,538 SF | ✗ |
| 1ST | 1st Floor | 4,021 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 2,312 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 1,662 SF | ✗ |
| 2ND | 2nd Floor | 1,518 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 528 SF | ✓ |
| 571 | STORAGE DET | 384 SF | ✓ |
| 581 | STORAGE ATT | 300 SF | ✓ |
| 581C | STORAGE ATT COMM | 252 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 1 SF | ✓ |
| 604 | POOL RES CONC | 1 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 352564 | SMITH LEON J & VIRGINIA A | 12607 PALMER RD BUDA 78610 | $1,733,645 | $1,733,645 | $1,733,645 |
| 431214 | SMITH LEON J & VIRGINIA A | 12607 PALMER RD BUDA 78610 | — | — | — |
| 796448 | LIFE SUPPORT COUNSELING & RESEARCH INC | 12607 PALMER RD 78610 | — | — | — |
Market value changed by 82% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $16,450.56 | $16,450.56 | Paid |
| VCR City of Creedmoor | 0.2753% | 0.5010% | 0.4500% | 0.4190% | 0.4500% | +0.0310% | $7,801.40 | $7,801.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,515.82 | $6,515.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,046.10 | $2,046.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,792.59 | $1,792.59 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $1,733.65 | $1,733.65 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $1,733.65 | $1,733.65 | Paid |
| Combined Rate | 2.2513% | 2.3910% | 2.1567% | 2.1696% | 2.1962% | +0.0266% | $38,073.77 | $38,073.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,733,645 | $1,872,183 | -7.4% |
| Assessed Value | $1,733,645 | $1,872,183 | -7.4% |
| Land Value | $494,767 | $548,005 | -9.7% |
| Improvement Value | $1,238,878 | $1,324,178 | -6.4% |
| Taxable Value | $1,733,645 | $1,872,183 | -7.4% |
| HS Cap Loss | — | -$1,191,046 (2024) | |
| Total Tax 2026 = estimate |
~$38,074
Estimated
|
~$38,074
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,733,645 | $1,733,645 | +0 (+0.0%) |
| Taxable Value | $1,733,645 | $1,733,645 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,733,645 | $494,767 | $1,238,878 | — | $1,733,645 | $1,733,645 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,872,183 | $548,005 | $1,324,178 | — | $1,872,183 | $1,872,183 | ~$38,074 | Partial |
| 2024 | $1,785,720 | — | — | −$1,347,316 | $438,404 | $— | $27,085 | Verified |
| 2023 | $1,401,911 | — | — | −$1,085,780 | $316,131 | $— | $10,200 | Verified |
| 2022 | $995,824 | — | — | −$679,693 | $316,131 | $— | $12,417 | Verified |
| 2021 | $697,476 | — | — | −$382,989 | $314,487 | $— | $11,205 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.4% | -7.4% | ~100% | Not available | Partial |
| 2025 | +218.4% ! | +218.4% | ~100% | Not available | Partial |
| 2024 | -21.5% | -21.5% | ~100% | 1.6600% | Verified |
| 2023 | +82.4% ! | +82.4% | ~100% | 0.5700% | Verified |
| 2022 | -17.0% | +48.0% | ~100% | 0.8900% | Verified |
| 2021 | base year | — | 56.1% | 1.6100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +278.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.4% | +21.7% | +30.0% | +42.8% | 2022 | -7.4% | 2026 |
| Assessment Ratio | 100.0% | 54.0% | — | 100.0% | 2025 | 22.6% | 2023 |
| Effective Tax Rate (2025) | 2.0300% | 2.0300% | — | 2.0300% | 2025 | 2.0300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$38,074 | $19,796 | ~$54,119 | $38,074 | 2025 | $10,200 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,396,365 | ~$2,059,401 | ~2.1824% | ~$44,944 | +28.0% |
| 2027 | ~$3,067,311 | ~$2,265,341 | ~2.1686% | ~$49,126 | +63.8% |
| 2028 | ~$3,926,111 | ~$2,491,876 | ~2.1548% | ~$53,696 | +109.7% |
| 2029 | ~$5,025,362 | ~$2,741,063 | ~2.1411% | ~$58,688 | +168.4% |
| 2030 | ~$6,432,386 | ~$3,015,169 | ~2.1273% | ~$64,141 | +243.6% |
| 2026 | ~$2,358,922 | ~$2,059,401 | ~2.1962% | ~$45,228 | +26.0% |
| 2027 | ~$2,972,205 | ~$2,265,341 | ~2.1962% | ~$49,751 | +58.8% |
| 2028 | ~$3,744,933 | ~$2,491,876 | ~2.1962% | ~$54,726 | +100.0% |
| 2029 | ~$4,718,558 | ~$2,741,063 | ~2.1962% | ~$60,198 | +152.0% |
| 2030 | ~$5,945,311 | ~$3,015,169 | ~2.1962% | ~$66,218 | +217.6% |
| 2026 | ~$2,433,809 | ~$2,059,401 | ~2.1755% | ~$44,802 | +30.0% |
| 2027 | ~$3,163,914 | ~$2,265,341 | ~2.1548% | ~$48,814 | +69.0% |
| 2028 | ~$4,113,040 | ~$2,491,876 | ~2.1342% | ~$53,181 | +119.7% |
| 2029 | ~$5,346,889 | ~$2,741,063 | ~2.1135% | ~$57,932 | +185.6% |
| 2030 | ~$6,950,874 | ~$3,015,169 | ~2.0928% | ~$63,103 | +271.3% |
In 2025, this property's market value of $1,872,183 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family 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 | $1,872,183 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,785,720 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,401,911 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $995,824 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $697,476 | $300,453 | $376,850 | $539,896 | ↑ 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.