2915 E M L KING JR BLVD TX 78702
| Owner | PROSPERITY CORNER INC |
|---|---|
| Parcel ID | 0212120903 |
| Short ID | 204240 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 1,525 SF |
| Land SF | 3,000 SF |
| Acres | 0.069 |
| Year Built | 1949 |
| Legal | N 75FT OF E 40FT LOT 21 OLT 28 DIVISION B |
| Neighborhood | 48CEN |
| Land | $178,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $178,500 |
| Improvement | $138,589 |
|---|---|
| Total Improvement | $138,589 |
| Market | $317,089 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $317,089 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $317,089 |
| Taxable Value | $317,089 |
|---|
Appreciation: Market value has risen +58.3% from $200,355 (2021) to $317,089 (2025), a CAGR of 12.2% 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 $6,489. 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 56% of market value ($178,500 land vs $138,589 improvements), about $60/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $317,089, this parcel sits in the bottom quartile (<25th 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 +10.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $536,391 by 2031, with an estimated annual tax burden around $9,945. 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 | 1,525 SF | ✓ |
| 551 | PAVED AREA | 1,500 SF | ✗ |
| 501 | CANOPY | 40 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% | $2,793.54 | $2,793.54 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,582.21 | $1,582.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,134.82 | $1,134.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $356.36 | $356.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $312.20 | $312.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,179.13 | $6,179.13 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $2,793.54 | 45.2% |
| CAT City of Austin | 0.5240% | $1,582.21 | 25.6% |
| TCO Travis County | 0.3758% | $1,134.82 | 18.4% |
| THD Travis Central Health | 0.1180% | $356.36 | 5.8% |
| ACT Austin Community College | 0.1034% | $312.20 | 5.1% |
| Total | 2.0465% | $6,179.13 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $327,824 | $317,089 | +3.4% |
| Assessed Value | $327,824 | $317,089 | +3.4% |
| Land Value | $178,500 | $178,500 | +0.0% |
| Improvement Value | $149,324 | $138,589 | +7.7% |
| Taxable Value | $327,824 | $317,089 | +3.4% |
| Total Tax 2026 = estimate |
~$6,709
Estimated
|
~$6,179
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $327,824 | $178,500 | $149,324 | — | $327,824 | $327,824 | Not yet — post-cert | Preliminary |
| 2025 | $317,089 | $178,500 | $138,589 | — | $317,089 | $317,089 | ~$6,179 | Partial |
| 2024 | $316,581 | $178,500 | $138,081 | — | $316,581 | $316,581 | $6,274 | Verified |
| 2023 | $344,962 | $204,000 | $140,962 | — | $344,962 | $344,962 | $4,834 | Verified |
| 2022 | $203,409 | $102,000 | $101,409 | — | $203,409 | $203,409 | $3,792 | Verified |
| 2021 | $200,355 | $102,000 | $98,355 | — | $200,355 | $200,355 | $4,361 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2024 | -8.2% | -8.2% | ~100% | No billing data | Verified |
| 2023 | +69.6% | +69.6% | ~100% | No billing data | Verified |
| 2022 | +1.5% | +1.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.4% | +13.3% | +10.3% | +69.6% | 2023 | -8.2% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,179 | $5,088 | ~$8,554 | $6,274 | 2024 | $3,792 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$361,750 | ~$360,606 | ~2.0139% | ~$7,262 | +10.3% |
| 2028 | ~$399,188 | ~$396,667 | ~1.9814% | ~$7,860 | +21.8% |
| 2029 | ~$440,499 | ~$436,334 | ~1.9488% | ~$8,503 | +34.4% |
| 2030 | ~$486,086 | ~$479,967 | ~1.9163% | ~$9,198 | +48.3% |
| 2031 | ~$536,391 | ~$527,964 | ~1.8837% | ~$9,945 | +63.6% |
| 2027 | ~$355,194 | ~$355,194 | ~2.0465% | ~$7,269 | +8.3% |
| 2028 | ~$384,849 | ~$384,849 | ~2.0465% | ~$7,876 | +17.4% |
| 2029 | ~$416,979 | ~$416,979 | ~2.0465% | ~$8,533 | +27.2% |
| 2030 | ~$451,793 | ~$451,793 | ~2.0465% | ~$9,246 | +37.8% |
| 2031 | ~$489,513 | ~$489,513 | ~2.0465% | ~$10,018 | +49.3% |
| 2027 | ~$368,307 | ~$360,606 | ~1.9977% | ~$7,204 | +12.3% |
| 2028 | ~$413,789 | ~$396,667 | ~1.9488% | ~$7,730 | +26.2% |
| 2029 | ~$464,887 | ~$436,334 | ~1.9000% | ~$8,290 | +41.8% |
| 2030 | ~$522,296 | ~$479,967 | ~1.8512% | ~$8,885 | +59.3% |
| 2031 | ~$586,794 | ~$527,964 | ~1.8024% | ~$9,516 | +79.0% |
In 2025, this property's market value of $317,089 places it in the bottom 25% for Commercial properties in Travis County (13595 comparable) — -77% 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 | $317,089 | $632,506 | $1,382,921 | $3,258,143 | ↓ Bottom 25% | -0.8% |
| 2024 | $316,581 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $344,962 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 2022 | $203,409 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $200,355 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 25% | 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 | — |