2212 BEL PAESE BEND TX 78641
| Owner | CHATFIELD DAVID & DORA |
|---|---|
| Parcel ID | 0502550410 |
| Short ID | 932174 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 4,579 SF |
| Land SF | 12,399 SF |
| Acres | 0.285 |
| Year Built | 2020 |
| Legal | LOT 10 BLK I TRAVISSO PHS 4 SEC 1-3 |
| Neighborhood | T4500 |
| Land | $306,158 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $306,158 |
| Improvement | $545,404 |
|---|---|
| Total Improvement | $545,404 |
| Market | $851,562 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $851,562 |
| Value Limitation Adjustment (−) (homestead cap) | −$61,232 |
| Net Appraised (assessed) | $790,330 |
| Exemptions on file | HS |
|---|---|
| Taxable Value | $790,330 |
Appreciation: Market value has risen +1537.6% from $52,000 (2021) to $851,562 (2025), a CAGR of 101.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend.
Assessment Gap: Assessed value ($790,330) is $61,232 below market value, suggesting potential for an upward assessment in future years.
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 36% of market value ($306,158 land vs $545,404 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +101.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $28,053,202 by 2030, with an estimated annual tax burden around $0. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,579 SF | ✗ |
| 1ST | 1st Floor | 2,796 SF | ✓ |
| 2ND | 2nd Floor | 1,783 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 881 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 620 SF | ✗ |
| 251 | BATHROOM | 5 SF | ✓ |
| 252 | BEDROOMS | 5 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 410 | OUTDOOR KITCHEN | 1 SF | ✓ |
Market value changed by 152% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $957,613 | $851,562 | +12.5% |
| Assessed Value | $893,157 | $790,330 | +13.0% |
| Land Value | $222,660 | $306,158 | -27.3% |
| Improvement Value | $734,953 | $545,404 | +34.8% |
| Taxable Value | — | — | — |
| Exemptions | HS | HS | |
| HS Cap Loss | -$64,456 | — | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $957,613 | $957,613 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $957,613 | $222,660 | $734,953 | −$64,456 | $893,157 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $851,562 | $306,158 | $545,404 | −$61,232 | $790,330 | $— | not in county billing file ⓘ | Partial |
| 2024 | $1,022,971 | — | — | −$780,971 | $242,000 | $— | not in county billing file ⓘ | Partial |
| 2023 | $839,113 | — | — | −$597,113 | $242,000 | $— | $7,926 | Verified |
| 2022 | $333,543 | — | — | −$91,543 | $242,000 | $— | $19,419 | Verified |
| 2021 | $52,000 | — | — | — | $52,000 | $— | $8,981 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.5% | +10.0% | 97.8% | Not available | Partial |
| 2025 | -6.5% | +0.2% | ~100% | Not available | Partial |
| 2024 | -11.0% | -2.1% | 93.4% | No billing data | Verified |
| 2023 | +21.9% | +11.5% | 84.9% | 0.7700% | Verified |
| 2022 | +151.6% ! | +133.4% | 92.8% | 2.3100% | Verified |
| 2021 | base year | — | ~100% | 17.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +155.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.5% | +142.1% | +96.7% | +541.4% | 2022 | -16.8% | 2025 |
| Assessment Ratio | 93.3% | 68.5% | — | 100.0% | 2021 | 23.7% | 2024 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $7,926 | $12,109 | — | $19,419 | 2022 | $7,926 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,713,048 | ~$869,363 | ~0.0000% | ~$0 | +101.2% |
| 2027 | ~$3,446,059 | ~$956,299 | ~0.0000% | ~$0 | +304.7% |
| 2028 | ~$6,932,278 | ~$1,051,929 | ~0.0000% | ~$0 | +714.1% |
| 2029 | ~$13,945,343 | ~$1,157,122 | ~0.0000% | ~$0 | +1537.6% |
| 2030 | ~$28,053,202 | ~$1,272,834 | ~0.0000% | ~$0 | +3194.3% |
| 2026 | ~$1,696,017 | ~$869,363 | ~0.0000% | ~$0 | +99.2% |
| 2027 | ~$3,377,878 | ~$956,299 | ~0.0000% | ~$0 | +296.7% |
| 2028 | ~$6,727,563 | ~$1,051,929 | ~0.0000% | ~$0 | +690.0% |
| 2029 | ~$13,398,977 | ~$1,157,122 | ~0.0000% | ~$0 | +1473.5% |
| 2030 | ~$26,686,122 | ~$1,272,834 | ~0.0000% | ~$0 | +3033.8% |
| 2026 | ~$1,730,079 | ~$869,363 | ~0.0000% | ~$0 | +103.2% |
| 2027 | ~$3,514,922 | ~$956,299 | ~0.0000% | ~$0 | +312.8% |
| 2028 | ~$7,141,104 | ~$1,051,929 | ~0.0000% | ~$0 | +738.6% |
| 2029 | ~$14,508,251 | ~$1,157,122 | ~0.0000% | ~$0 | +1603.7% |
| 2030 | ~$29,475,742 | ~$1,272,834 | ~0.0000% | ~$0 | +3361.4% |