411 W 23 ST TX 78705
| Owner | UNIVERSITY PRESBYTERIAN CHURCH |
|---|---|
| Parcel ID | 0212010510 |
| Short ID | 203515 |
| Type | Real |
| Use Code | 00 (unlisted) |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 16,800 SF |
| Acres | 0.386 |
| Year Built | — |
| Legal | LOT 25-26 OLT 35 DIV D HORSTS LOUIS SUBD |
| Neighborhood | UN175 |
| Land | $3,780,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,780,000 |
| Improvement | $11,256 |
|---|---|
| Total Improvement | $11,256 |
| Market | $3,791,256 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,791,256 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,791,256 |
| Taxable Value | $3,791,256 |
|---|
Appreciation: Market value has risen +149.3% from $1,520,770 (2021) to $3,791,256 (2025), a CAGR of 25.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 outpaced 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 $77,587. 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 ($3,780,000 land vs $11,256 improvements), about $225/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 $3,791,256, 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 +20.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,451,542 by 2031, with an estimated annual tax burden around $115,019. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 16,800 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% | $35,076.70 | $35,076.70 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,866.83 | $19,866.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,249.25 | $14,249.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,474.55 | $4,474.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,920.16 | $3,920.16 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $77,587.49 | $77,587.49 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $35,076.70 | 45.2% |
| CAT City of Austin | 0.5240% | $19,866.83 | 25.6% |
| TCO Travis County | 0.3758% | $14,249.25 | 18.4% |
| THD Travis Central Health | 0.1180% | $4,474.55 | 5.8% |
| ACT Austin Community College | 0.1034% | $3,920.16 | 5.1% |
| Total | 2.0465% | $77,587.49 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,791,256 | $3,791,256 | +0.0% |
| Assessed Value | $3,791,256 | $3,791,256 | +0.0% |
| Land Value | $3,780,000 | $3,780,000 | +0.0% |
| Improvement Value | $11,256 | $11,256 | +0.0% |
| Taxable Value | $3,791,256 | $3,791,256 | +0.0% |
| Total Tax 2026 = estimate |
~$77,587
Estimated
|
~$77,587
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,791,256 | $3,780,000 | $11,256 | — | $3,791,256 | $3,791,256 | Not yet — post-cert | Preliminary |
| 2025 | $3,791,256 | $3,780,000 | $11,256 | — | $3,791,256 | $3,791,256 | ~$77,587 | Partial |
| 2024 | $3,791,256 | $3,780,000 | $11,256 | — | $3,791,256 | $3,791,256 | $75,136 | Verified |
| 2023 | $3,791,256 | $3,780,000 | $11,256 | — | $3,791,256 | $3,791,256 | $68,593 | Verified |
| 2022 | $1,520,770 | $1,512,000 | $8,770 | — | $1,520,770 | $1,520,770 | $30,034 | Verified |
| 2021 | $1,520,770 | $1,512,000 | $8,770 | — | $1,520,770 | $1,520,770 | $33,102 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +149.3% ! | +149.3% | ~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): +149.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +29.9% | +20.0% | +149.3% | 2023 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| 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 |
$77,587 | $56,891 | ~$98,923 | $77,587 | 2025 | $30,034 | 2022 |
Market value changed by 149% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,551,212 | ~$4,170,382 | ~2.0139% | ~$83,989 | +20.0% |
| 2028 | ~$5,463,500 | ~$4,587,420 | ~1.9814% | ~$90,895 | +44.1% |
| 2029 | ~$6,558,656 | ~$5,046,162 | ~1.9488% | ~$98,342 | +73.0% |
| 2030 | ~$7,873,336 | ~$5,550,778 | ~1.9163% | ~$106,369 | +107.7% |
| 2031 | ~$9,451,542 | ~$6,105,856 | ~1.8837% | ~$115,019 | +149.3% |
| 2027 | ~$4,475,386 | ~$4,170,382 | ~2.0465% | ~$85,346 | +18.0% |
| 2028 | ~$5,282,968 | ~$4,587,420 | ~2.0465% | ~$93,881 | +39.3% |
| 2029 | ~$6,236,277 | ~$5,046,162 | ~2.0465% | ~$103,269 | +64.5% |
| 2030 | ~$7,361,611 | ~$5,550,778 | ~2.0465% | ~$113,596 | +94.2% |
| 2031 | ~$8,690,010 | ~$6,105,856 | ~2.0465% | ~$124,955 | +129.2% |
| 2027 | ~$4,627,037 | ~$4,170,382 | ~1.9977% | ~$83,310 | +22.0% |
| 2028 | ~$5,647,065 | ~$4,587,420 | ~1.9488% | ~$89,401 | +48.9% |
| 2029 | ~$6,891,958 | ~$5,046,162 | ~1.9000% | ~$95,878 | +81.8% |
| 2030 | ~$8,411,287 | ~$5,550,778 | ~1.8512% | ~$102,756 | +121.9% |
| 2031 | ~$10,265,551 | ~$6,105,856 | ~1.8024% | ~$110,050 | +170.8% |
In 2025, this property's market value of $3,791,256 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — +174% 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 | $3,791,256 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $3,791,256 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $3,791,256 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $1,520,770 | $535,964 | $1,190,250 | $2,842,216 | ↑ Above median | +3.3% |
| 2021 | $1,520,770 | $538,645 | $1,173,514 | $2,782,974 | ↑ Above 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 | — |