12405 MONTANA SPRINGS DR TX 78654
| Owner | BUDCO HOLDINGS LTD |
|---|---|
| Parcel ID | 0526050303 |
| Short ID | 514087 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 80,962 SF |
| Acres | 1.859 |
| Year Built | — |
| Legal | LOT 32 CANYON RIDGE SPRINGS PHS 1 |
| Neighborhood | T2840 |
| Land | $74,344 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $74,344 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $74,344 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $74,344 |
| Value Limitation Adjustment (−) (homestead cap) | −$34,198 |
| Net Appraised (assessed) | $40,146 |
| Taxable Value | $40,146 |
|---|
Appreciation: Market value has risen +166.7% from $27,879 (2021) to $74,344 (2025), a CAGR of 27.8% 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 1.8841% in 2025 (+0.0525% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $756. Leander ISD is the largest single contributor, at 57.7% of the total 2025 levy.
Assessment Gap: Assessed value ($40,146) is $34,198 below market value, suggesting potential for an upward assessment in future years.
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 ($74,344 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 $74,344, this parcel sits in the lower-middle (25th–50th 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 +27.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $253,342 by 2030, with an estimated annual tax burden around $4,055. 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 167% in 2024, 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% | $436.35 | $436.35 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $150.89 | $150.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $47.38 | $47.38 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $41.51 | $41.51 | Paid |
| E01 Travis County ESD # 01 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $40.15 | $40.15 | Paid |
| E07 Travis County ESD # 07 | 0.1000% | 0.0784% | 0.0842% | 0.0910% | 0.1000% | +0.0090% | $40.13 | $40.13 | Paid |
| Combined Rate | 2.1110% | 1.9686% | 1.7968% | 1.8316% | 1.8841% | +0.0525% | $756.41 | $756.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $74,344 | $74,344 | +0.0% |
| Assessed Value | $48,175 | $40,146 | +20.0% |
| Land Value | $278,790 | $74,344 | +275.0% |
| Improvement Value | — | — | — |
| Taxable Value | $48,175 | $40,146 | +20.0% |
| HS Cap Loss | -$26,169 | — | |
| Total Tax 2026 = estimate |
~$908
Estimated
|
~$756
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $278,790 | $74,344 | -204,446 (-73.3%) |
| Taxable Value | $48,175 | $48,175 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $74,344 | $278,790 | — | −$26,169 | $48,175 | $48,175 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $74,344 | $74,344 | — | −$34,198 | $40,146 | $40,146 | ~$756 | Partial |
| 2024 | $— | — | — | — | $74,344 | $— | $613 | Verified |
| 2023 | $— | — | — | — | $27,879 | $— | $501 | Verified |
| 2022 | $— | — | — | — | $27,879 | $— | $549 | Verified |
| 2021 | $27,879 | — | — | — | $27,879 | $— | $589 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +275.0% ! | +20.0% | 17.3% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 54.0% | Not available | Partial |
| 2024 | +166.7% ! | +20.0% | 45.0% | 0.8200% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8000% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +166.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +83.3% | +27.8% | +166.7% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 64.8% | 72.9% | — | 100.0% | 2021 | 54.0% | 2025 |
| Effective Tax Rate (2025) | 1.0200% | 1.0200% | — | 1.0200% | 2025 | 1.0200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$756 | $672 | ~$2,777 | $756 | 2025 | $589 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$95,003 | ~$95,003 | ~1.8274% | ~$1,736 | +27.8% |
| 2027 | ~$121,403 | ~$121,403 | ~1.7707% | ~$2,150 | +63.3% |
| 2028 | ~$155,140 | ~$155,140 | ~1.7140% | ~$2,659 | +108.7% |
| 2029 | ~$198,251 | ~$198,251 | ~1.6573% | ~$3,286 | +166.7% |
| 2030 | ~$253,342 | ~$253,342 | ~1.6006% | ~$4,055 | +240.8% |
| 2026 | ~$93,516 | ~$93,516 | ~1.8841% | ~$1,762 | +25.8% |
| 2027 | ~$117,633 | ~$117,633 | ~1.8841% | ~$2,216 | +58.2% |
| 2028 | ~$147,969 | ~$147,969 | ~1.8841% | ~$2,788 | +99.0% |
| 2029 | ~$186,128 | ~$186,128 | ~1.8841% | ~$3,507 | +150.4% |
| 2030 | ~$234,128 | ~$234,128 | ~1.8841% | ~$4,411 | +214.9% |
| 2026 | ~$96,490 | ~$96,490 | ~1.7991% | ~$1,736 | +29.8% |
| 2027 | ~$125,233 | ~$125,233 | ~1.7140% | ~$2,146 | +68.5% |
| 2028 | ~$162,538 | ~$162,538 | ~1.6289% | ~$2,648 | +118.6% |
| 2029 | ~$210,956 | ~$210,956 | ~1.5439% | ~$3,257 | +183.8% |
| 2030 | ~$273,797 | ~$273,797 | ~1.4588% | ~$3,994 | +268.3% |
In 2025, this property's market value of $74,344 places it in the 25th–50th percentile for Land/Vacant properties in Travis County (35611 comparable) — -13% 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 | $74,344 | $24,862 | $85,028 | $363,420 | ↓ Below median | +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 | $27,879 | $6,000 | $14,480 | $80,000 | ↑ Above median | 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.