HERO WAY WEST TX 78641
| Owner | RETEX INVESTMENTS LLC |
|---|---|
| Parcel ID | 0517670177 |
| Short ID | 576807 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 435,600 SF |
| Acres | 10.000 |
| Year Built | — |
| Legal | LOT 1 HONEYCOMB HOLLOW |
| Neighborhood | T2690 |
| Land | $515,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $515,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $515,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $515,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $515,000 |
| Taxable Value | $515,000 |
|---|
Appreciation: Market value has risen +415.0% from $100,000 (2021) to $515,000 (2025), a CAGR of 50.6% 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 7 taxing entities is 2.3014% in 2025 (+0.0525% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $11,852. Leander ISD is the largest single contributor, at 47.2% 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 ($515,000 land vs $0 improvements), about $1/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 $515,000, this parcel sits in the top quartile (≥75th 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 +50.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,995,455 by 2030, with an estimated annual tax burden around $77,505. 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.
Market value changed by 380% 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $5,597.54 | $5,597.54 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $2,149.00 | $2,149.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,935.60 | $1,935.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $607.82 | $607.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $532.51 | $532.51 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $515.00 | $515.00 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $514.83 | $514.83 | Paid |
| Combined Rate | 2.5907% | 2.4009% | 2.2141% | 2.2489% | 2.3014% | +0.0525% | $11,852.30 | $11,852.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $500,000 | $515,000 | -2.9% |
| Assessed Value | $500,000 | $515,000 | -2.9% |
| Land Value | $500,000 | $515,000 | -2.9% |
| Improvement Value | — | — | — |
| Taxable Value | $500,000 | $515,000 | -2.9% |
| Total Tax 2026 = estimate |
~$11,507
Estimated
|
~$11,852
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $500,000 | $500,000 | +0 (+0.0%) |
| Taxable Value | $500,000 | $500,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $500,000 | $500,000 | — | — | $500,000 | $500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $515,000 | $515,000 | — | — | $515,000 | $515,000 | ~$11,852 | Partial |
| 2024 | $— | — | — | — | $510,000 | $— | $11,469 | Verified |
| 2023 | $— | — | — | — | $690,000 | $— | $10,718 | Verified |
| 2022 | $— | — | — | — | $480,000 | $— | $10,668 | Verified |
| 2021 | $100,000 | — | — | — | $100,000 | $— | $2,391 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.9% | -2.9% | ~100% | Not available | Partial |
| 2025 | +1.0% | +1.0% | ~100% | Not available | Partial |
| 2024 | -26.1% | -26.1% | ~100% | 2.2500% | Verified |
| 2023 | +43.8% | +43.8% | ~100% | 1.5500% | Verified |
| 2022 | +380.0% ! | +380.0% | ~100% | 2.2200% | Verified |
| 2021 | base year | — | ~100% | 2.3900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +415.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.9% | +206.1% | +51.5% | +415.0% | 2025 | -2.9% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.3000% | 2.3000% | — | 2.3000% | 2025 | 2.3000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,852 | $7,121 | ~$42,014 | $11,852 | 2025 | $2,391 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$775,817 | ~$775,817 | ~2.2291% | ~$17,294 | +50.6% |
| 2027 | ~$1,168,721 | ~$1,168,721 | ~2.1568% | ~$25,207 | +126.9% |
| 2028 | ~$1,760,608 | ~$1,760,608 | ~2.0845% | ~$36,699 | +241.9% |
| 2029 | ~$2,652,250 | ~$2,652,250 | ~2.0122% | ~$53,367 | +415.0% |
| 2030 | ~$3,995,455 | ~$3,995,455 | ~1.9398% | ~$77,505 | +675.8% |
| 2026 | ~$765,517 | ~$765,517 | ~2.3014% | ~$17,618 | +48.6% |
| 2027 | ~$1,137,894 | ~$1,137,894 | ~2.3014% | ~$26,188 | +121.0% |
| 2028 | ~$1,691,412 | ~$1,691,412 | ~2.3014% | ~$38,926 | +228.4% |
| 2029 | ~$2,514,182 | ~$2,514,182 | ~2.3014% | ~$57,862 | +388.2% |
| 2030 | ~$3,737,180 | ~$3,737,180 | ~2.3014% | ~$86,008 | +625.7% |
| 2026 | ~$786,117 | ~$786,117 | ~2.1929% | ~$17,239 | +52.6% |
| 2027 | ~$1,199,960 | ~$1,199,960 | ~2.0845% | ~$25,013 | +133.0% |
| 2028 | ~$1,831,666 | ~$1,831,666 | ~1.9760% | ~$36,194 | +255.7% |
| 2029 | ~$2,795,928 | ~$2,795,928 | ~1.8675% | ~$52,215 | +442.9% |
| 2030 | ~$4,267,817 | ~$4,267,817 | ~1.7591% | ~$75,073 | +728.7% |
In 2025, this property's market value of $515,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 6× 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 | $515,000 | $24,862 | $85,028 | $363,420 | ↑ Top 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 | $100,000 | $6,000 | $14,480 | $80,000 | ↑ 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.