HAZY HILLS DR 2 TX 78669
| Owner | RGN2 REAL ESTATE LLC |
|---|---|
| Parcel ID | 0541050603 |
| Short ID | 912632 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 16,100 SF |
| Land SF | 87,345 SF |
| Acres | 2.005 |
| Year Built | 2024 |
| Legal | UNT 2 PROSPERITY PLAZA CONDOMINIUMS PLUS 23.42 % INT IN COM AREA |
| Neighborhood | 1SW2 |
| Land | $349,381 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $349,381 |
| Improvement | $2,252,334 |
|---|---|
| Total Improvement | $2,252,334 |
| Market | $2,601,715 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,601,715 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,601,715 |
| Taxable Value | $2,601,715 |
|---|
Appreciation: Market value has risen +644.7% from $349,381 (2021) to $2,601,715 (2025), a CAGR of 65.2% 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 outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 1.7041% in 2025 (+0.0281% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $44,335. Lake Travis ISD is the largest single contributor, at 61.0% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 13% of market value ($349,381 land vs $2,252,334 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,601,715, 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 +65.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $32,004,443 by 2030, with an estimated annual tax burden around $473,294. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 15,100 SF | ✓ |
| 2ND | 2nd Floor | 1,000 SF | ✓ |
Market value changed by 645% in 2025, 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $27,050.03 | $27,050.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,778.42 | $9,778.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,070.62 | $3,070.62 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $2,419.99 | $2,419.99 | Paid |
| E16 Travis County ESD # 16 | 0.0880% | 0.0740% | 0.0730% | 0.0750% | 0.0775% | +0.0025% | $2,016.33 | $2,016.33 | Paid |
| Combined Rate | 1.8843% | 1.7820% | 1.6334% | 1.6760% | 1.7041% | +0.0281% | $44,335.39 | $44,335.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,473,519 | $2,601,715 | -4.9% |
| Assessed Value | $2,473,519 | $2,601,715 | -4.9% |
| Land Value | $349,381 | $349,381 | +0.0% |
| Improvement Value | $2,124,138 | $2,252,334 | -5.7% |
| Taxable Value | $2,473,519 | $2,601,715 | -4.9% |
| Total Tax 2026 = estimate |
~$42,151
Estimated
|
~$44,335
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,473,519 | $2,473,519 | +0 (+0.0%) |
| Taxable Value | $2,473,519 | $2,473,519 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,473,519 | $349,381 | $2,124,138 | — | $2,473,519 | $2,473,519 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,601,715 | $349,381 | $2,252,334 | — | $2,601,715 | $2,601,715 | ~$44,335 | Partial |
| 2024 | $— | — | — | — | $349,381 | $— | $5,856 | Verified |
| 2023 | $— | — | — | — | $349,381 | $— | $5,707 | Verified |
| 2022 | $— | — | — | — | $349,381 | $— | $6,226 | Verified |
| 2021 | $349,381 | — | — | — | $349,381 | $— | $6,583 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2025 | +644.7% ! | +644.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.6800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.6300% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.7800% | Verified |
| 2021 | base year | — | ~100% | 1.8800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +644.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.9% | +319.9% | +66.9% | +644.7% | 2025 | -4.9% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.7000% | 1.7000% | — | 1.7000% | 2025 | 1.7000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$44,335 | $25,459 | ~$227,686 | $44,335 | 2025 | $6,583 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,297,836 | ~$4,297,836 | ~1.6590% | ~$71,303 | +65.2% |
| 2027 | ~$7,099,699 | ~$7,099,699 | ~1.6140% | ~$114,588 | +172.9% |
| 2028 | ~$11,728,165 | ~$11,728,165 | ~1.5689% | ~$184,007 | +350.8% |
| 2029 | ~$19,374,038 | ~$19,374,038 | ~1.5239% | ~$295,238 | +644.7% |
| 2030 | ~$32,004,443 | ~$32,004,443 | ~1.4788% | ~$473,294 | +1130.1% |
| 2026 | ~$4,245,802 | ~$4,245,802 | ~1.7041% | ~$72,352 | +63.2% |
| 2027 | ~$6,928,826 | ~$6,928,826 | ~1.7041% | ~$118,073 | +166.3% |
| 2028 | ~$11,307,319 | ~$11,307,319 | ~1.7041% | ~$192,686 | +334.6% |
| 2029 | ~$18,452,687 | ~$18,452,687 | ~1.7041% | ~$314,449 | +609.3% |
| 2030 | ~$30,113,387 | ~$30,113,387 | ~1.7041% | ~$513,157 | +1057.4% |
| 2026 | ~$4,349,870 | ~$4,349,870 | ~1.6365% | ~$71,186 | +67.2% |
| 2027 | ~$7,272,653 | ~$7,272,653 | ~1.5689% | ~$114,103 | +179.5% |
| 2028 | ~$12,159,325 | ~$12,159,325 | ~1.5014% | ~$182,556 | +367.4% |
| 2029 | ~$20,329,469 | ~$20,329,469 | ~1.4338% | ~$291,482 | +681.4% |
| 2030 | ~$33,989,331 | ~$33,989,331 | ~1.3662% | ~$464,368 | +1206.4% |
In 2025, this property's market value of $2,601,715 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 31× 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 | $2,601,715 | $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 | $349,381 | $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.