515 E 6 ST TX 78701
| Owner | BERNHARD GARY L & ELIZ |
|---|---|
| Parcel ID | 0206040508 |
| Short ID | 194571 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 1,208 SF |
| Land SF | 3,178 SF |
| Acres | 0.073 |
| Year Built | 1965 |
| Legal | W 24.83FT OF LOT 6 BLOCK 060 ORIGINAL CITY (TOTAL SQ FT 3178) |
| Neighborhood | 31CBD |
| Land | $889,840 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $889,840 |
| Improvement | $18,480 |
|---|---|
| Total Improvement | $18,480 |
| Market | $908,320 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $908,320 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $908,320 |
| Taxable Value | $908,320 |
|---|
Appreciation: Market value has risen +15.0% from $790,042 (2021) to $908,320 (2025), a CAGR of 3.5% over 4 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 rose +17.8%, 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 $18,589. Austin ISD is the largest single contributor, at 43.2% 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 98% of market value ($889,840 land vs $18,480 improvements), about $280/SF of land. With value concentrated in the land under a ~61-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $908,320, this parcel sits in the lower-middle (25th–50th 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 +5.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,333,714 by 2031, with an estimated annual tax burden around $25,124. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,208 SF | ✓ |
| 501 | CANOPY | 192 SF | ✗ |
| 611 | TERRACE | 192 SF | ✗ |
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% | $8,403.78 | $8,403.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,759.75 | $4,759.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,413.88 | $3,413.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,072.03 | $1,072.03 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $939.20 | $939.20 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| P2U | — | — | — | — | — | — | $377.70 | $377.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,466.34 | $19,466.34 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $8,403.78 | 43.2% |
| CAT City of Austin | 0.5240% | $4,759.75 | 24.5% |
| TCO Travis County | 0.3758% | $3,413.88 | 17.5% |
| THD Travis Central Health | 0.1180% | $1,072.03 | 5.5% |
| ACT Austin Community College | 0.1034% | $939.20 | 4.8% |
| P3J | — | $500.00 | 2.6% |
| P2U | — | $377.70 | 1.9% |
| Total | 2.0465% 5 of 7 | $19,466.34 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,026,494 | $908,320 | +13.0% |
| Assessed Value | $1,026,494 | $908,320 | +13.0% |
| Land Value | $1,271,200 | $889,840 | +42.9% |
| Improvement Value | — | $18,480 | — |
| Taxable Value | $1,026,494 | $908,320 | +13.0% |
| Total Tax 2026 = estimate |
~$21,007
Estimated
|
~$19,466
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,026,494 | $1,271,200 | — | — | $1,026,494 | $1,026,494 | Not yet — post-cert | Preliminary |
| 2025 | $908,320 | $889,840 | $18,480 | — | $908,320 | $908,320 | ~$19,466 | Partial |
| 2024 | $927,237 | $889,840 | $37,397 | — | $927,237 | $927,237 | $19,271 | Verified |
| 2023 | $801,543 | $762,720 | $38,823 | — | $801,543 | $801,543 | $15,281 | Verified |
| 2022 | $790,246 | $762,720 | $27,526 | — | $790,246 | $790,246 | $16,397 | Verified |
| 2021 | $790,042 | $762,720 | $27,322 | — | $790,042 | $790,042 | $17,987 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.0% | +13.0% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | +15.7% | +15.7% | ~100% | No billing data | Verified |
| 2023 | +1.4% | +1.4% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.0% | +5.6% | +5.4% | +15.7% | 2024 | -2.0% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,466 | $17,680 | ~$23,431 | $19,466 | 2025 | $15,281 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,081,677 | ~$1,081,677 | ~2.0139% | ~$21,784 | +5.4% |
| 2028 | ~$1,139,827 | ~$1,139,827 | ~1.9814% | ~$22,584 | +11.0% |
| 2029 | ~$1,201,103 | ~$1,201,103 | ~1.9488% | ~$23,408 | +17.0% |
| 2030 | ~$1,265,673 | ~$1,265,673 | ~1.9163% | ~$24,254 | +23.3% |
| 2031 | ~$1,333,714 | ~$1,333,714 | ~1.8837% | ~$25,124 | +29.9% |
| 2027 | ~$1,061,147 | ~$1,061,147 | ~2.0465% | ~$21,716 | +3.4% |
| 2028 | ~$1,096,970 | ~$1,096,970 | ~2.0465% | ~$22,449 | +6.9% |
| 2029 | ~$1,134,003 | ~$1,134,003 | ~2.0465% | ~$23,207 | +10.5% |
| 2030 | ~$1,172,286 | ~$1,172,286 | ~2.0465% | ~$23,991 | +14.2% |
| 2031 | ~$1,211,861 | ~$1,211,861 | ~2.0465% | ~$24,801 | +18.1% |
| 2027 | ~$1,102,207 | ~$1,102,207 | ~1.9977% | ~$22,018 | +7.4% |
| 2028 | ~$1,183,505 | ~$1,183,505 | ~1.9488% | ~$23,065 | +15.3% |
| 2029 | ~$1,270,799 | ~$1,270,799 | ~1.9000% | ~$24,145 | +23.8% |
| 2030 | ~$1,364,531 | ~$1,364,531 | ~1.8512% | ~$25,260 | +32.9% |
| 2031 | ~$1,465,178 | ~$1,465,178 | ~1.8024% | ~$26,408 | +42.7% |
In 2025, this property's market value of $908,320 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -34% below 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 | $908,320 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $927,237 | $647,500 | $1,401,787 | $3,362,090 | ↓ Below median | +0.0% |
| 2023 | $801,543 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $790,246 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $790,042 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below median | base yr |
| 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 | 2021–2024 | 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 | 2021, 2022, 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 | — |