605 WOOD ST 78703
| Owner | 623 WOOD STREET LTD |
|---|---|
| Parcel ID | 0107000229 |
| Short ID | 971791 |
| Type | Real |
| Use Code | F1 Commercial Real Property (Improved) |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 30,008 SF |
| Acres | 0.689 |
| Year Built | — |
| Legal | LOT 6-9 BLK G OLT 2 DIV Z RAYMOND SUBD |
| Neighborhood | CBDC |
| Land | $4,043,643 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,043,643 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,043,643 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,043,643 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,043,643 |
| Taxable Value | $4,043,643 |
|---|
Appreciation: Market value has fallen -15.5% from $4,783,052 (2023) to $4,043,643 (2025), a CAGR of -8.1% over 2 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide fell -0.0%, so this parcel has lagged the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $82,753. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 100% of market value ($4,043,643 land vs $0 improvements), about $135/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 $4,043,643, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial 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 -3.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,648,453 by 2031, with an estimated annual tax burden around $68,727. 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.
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.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $37,411.79 | $37,411.79 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $21,189.38 | $21,189.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,197.83 | $15,197.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,772.43 | $4,772.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,181.13 | $4,181.13 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $82,752.56 | $82,752.56 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $37,411.79 | 45.2% |
| CAT City of Austin | 0.5240% | $21,189.38 | 25.6% |
| TCO Travis County | 0.3758% | $15,197.83 | 18.4% |
| THD Travis Central Health | 0.1180% | $4,772.43 | 5.8% |
| ACT Austin Community College | 0.1034% | $4,181.13 | 5.1% |
| Total | 2.0465% | $82,752.56 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,321,221 | $4,043,643 | +6.9% |
| Assessed Value | $4,321,221 | $4,043,643 | +6.9% |
| Land Value | $4,321,221 | $4,043,643 | +6.9% |
| Improvement Value | — | — | — |
| Taxable Value | $4,321,221 | $4,043,643 | +6.9% |
| Total Tax 2026 = estimate |
~$88,433
Estimated
|
~$82,753
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $4,321,221 | $4,321,221 | — | — | $4,321,221 | $4,321,221 | Not yet — post-cert | Preliminary |
| 2025 | $4,043,643 | $4,043,643 | — | — | $4,043,643 | $4,043,643 | ~$82,753 | Partial |
| 2024 | $4,043,643 | $4,043,643 | — | — | $4,043,643 | $4,043,643 | $80,137 | Verified |
| 2023 | $4,783,052 | $4,783,052 | — | — | $4,783,052 | $4,783,052 | $78,702 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.9% | +6.9% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -15.5% | -15.5% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -15.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.9% | -2.9% | -3.3% | +6.9% | 2026 | -15.5% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$82,753 | $80,531 | ~$76,255 | $82,753 | 2025 | $78,702 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,177,408 | ~$4,177,408 | ~2.0139% | ~$84,130 | -3.3% |
| 2028 | ~$4,038,382 | ~$4,038,382 | ~1.9814% | ~$80,016 | -6.5% |
| 2029 | ~$3,903,982 | ~$3,903,982 | ~1.9488% | ~$76,082 | -9.7% |
| 2030 | ~$3,774,056 | ~$3,774,056 | ~1.9163% | ~$72,322 | -12.7% |
| 2031 | ~$3,648,453 | ~$3,648,453 | ~1.8837% | ~$68,727 | -15.6% |
| 2027 | ~$4,105,160 | ~$4,105,160 | ~2.0465% | ~$84,011 | -5.0% |
| 2028 | ~$3,899,902 | ~$3,899,902 | ~2.0465% | ~$79,811 | -9.7% |
| 2029 | ~$3,704,907 | ~$3,704,907 | ~2.0465% | ~$75,820 | -14.3% |
| 2030 | ~$3,519,662 | ~$3,519,662 | ~2.0465% | ~$72,029 | -18.5% |
| 2031 | ~$3,343,678 | ~$3,343,678 | ~2.0465% | ~$68,428 | -22.6% |
| 2027 | ~$4,263,833 | ~$4,263,833 | ~1.9977% | ~$85,177 | -1.3% |
| 2028 | ~$4,207,207 | ~$4,207,207 | ~1.9488% | ~$81,992 | -2.6% |
| 2029 | ~$4,151,333 | ~$4,151,333 | ~1.9000% | ~$78,876 | -3.9% |
| 2030 | ~$4,096,201 | ~$4,096,201 | ~1.8512% | ~$75,829 | -5.2% |
| 2031 | ~$4,041,801 | ~$4,041,801 | ~1.8024% | ~$72,848 | -6.5% |
In 2025, this property's market value of $4,043,643 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — +192% above the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial 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 | $4,043,643 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $4,043,643 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $4,783,052 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2023–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |