Midland County property record for 40 Community Ln, Midland, TX 79705
| Property Type | Ranch |
|---|---|
| Lot Size | 262 acres (11,433,193 sqft) |
| Owner | Company Name on File |
| Tax Bill | $29 (2025) |
| Deeds & Mortgages | Nov 2018 Construction Loan Oct 2017 Loan Modification |
| APN | R000001963 |
| Primary APN | R000001963 |
|---|---|
| Alternative APNs |
|
| Lot Area | 11,433,193 sqft (262 acres) |
|---|
| Street Address | 40 COMMUNITY LN |
|---|---|
| City | MIDLAND |
| State | TX |
| Zip | 79705 |
| Property Category | Agriculture or Farming |
| Property Type | Agriculture / Farming > Ranch |
| Legal Description | ACRES: 262.470 S/PART SEC: 15 BLK: 38-T1S |
| Legal Block | 38-T1S |
| Jurisdiction | MIDLAND TX |
| Township / Civil Division | MIDLAND |
| Census Block Group | 3 |
| Census Block | 3029 |
| Census Tract | 10123 |
40 Community Ln, an agricultural property, is owned by a company that acquired it in February 2007.
Source: Midland County records, as of October 21, 2026
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 3617 N BIG SPRING ST, MIDLAND, TX 79705-4569 |
| Owner Type | Company |
| Vesting | Company |
| Date | Document |
|---|---|
| Nov 28, 2018 | Grant Deed, Construction Loan · Construction Mortgage PROSPERITY BK |
| Oct 6, 2017 | Loan Modification, Mortgage PROSPERITY BK |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Feb 14, 2007 |
| Deed Sale | Feb 14, 2007 |
| Deed Book / Page | 2814 / 708 |
| Record Updated | Oct 29, 2026 |
| Document Type | Grant Deed |
|---|---|
| Jurisdiction | MIDLAND TX |
| Recording Date | Nov 28, 2018 |
| Property Address | E COUNTY RD 40, TX |
| Instrument Date | Sep 29, 2018 |
| Instrument | 34780 |
| Transaction Type | Construction Loan |
| Record Updated | Jan 4, 2019 |
| Title Company | LONE STAR ABSTRACT AND TITLE COMPANY, LONE STAR ABSTRACT & TITLE CO |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 24 SMITH RD #601 MIDLAND TX 797054412, 601, MIDLAND, TX 79705-4412 |
| Document Number | 0000034780 |
|---|---|
| Date | Nov 28, 2018 |
| Instrument | 34780 |
| Name | PROSPERITY BK |
|---|---|
| Type | Bank |
| Address | 509 W WALL ST, MIDLAND, TX 79701-5031 |
| Type | Construction Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 12 Months |
| Due | Nov 27, 2019 |
| Document Type | Loan Modification |
|---|---|
| Jurisdiction | MIDLAND TX |
| Recording Date | Oct 6, 2017 |
| Property Address | E COUNTY RD 40, TX |
| Instrument Date | Sep 29, 2017 |
| Instrument | 29509 |
| Transaction Type | Mortgage |
| Record Updated | Aug 28, 2018 |
| Title Company | LONE STAR ABSTRACT AND TITLE COMPANY |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 24 SMITH RD #601 MIDLAND TX 797054412, 601, MIDLAND, TX 79705-4412 |
| Document Number | 0000029509 |
|---|---|
| Date | Oct 6, 2017 |
| Instrument | 29509 |
| Name | PROSPERITY BK |
|---|---|
| Type | Bank |
| Address | 509 W WALL ST, MIDLAND, TX 79701-5031 |
| Amount | Amount on Record |
|---|
The 2025 property tax bill for 40 Community Ln was $29, down 3.3% from the year before.
Source: Midland County assessment roll, as of October 19, 2026
| Type | Name |
|---|---|
| State | Texas |
| County | Midland County |
| Unified School District | Midland Independent School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $4,986,930 (-) Land $4,986,930 | $4,986,930 (-) Land $4,986,930 | |
| 2025 | $29.00 (-3.33%) | $4,986,930 | $4,986,930 |
| 2024 | $30.00 | ||
| 2023 | $30.00 | $4,986,930 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA has no flood map on file for 40 Community Ln; 10 flood insurance policies are in force nearby.
Source: FEMA National Flood Hazard Layer · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Not on file |
|---|---|
| Flood Insurance Cost | Premium on File median of 10 policies |
| Community Rating System | Class 8 (10% premium discount) |
| Nearby Flood Policies | 10 in force |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 40 Community Ln is high, ranking above 83% of the US, with a 0.5% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | High above 83% of the US · above 78% of Texas |
|---|---|
| Wildfire Likelihood | 0.5% annual chance |
| Exposure | Direct burnable vegetation |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
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